Perceiving the Growth of Structure in Late Autumn | Vital Monthly

Vital Monthly is Oasis Capital's monthly update column.

It records the ongoing progress of Oasis and its portfolio companies, revealing the rhythm, structure, and trends behind them.

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MiniMax | Open-Source Release: MiniMax M2, Built for Agents and Code

MiniMax has open-sourced its new model MiniMax M2, achieving the optimal balance of intelligence, cost, and speed — at just 8% of Claude Sonnet's price and nearly 2x the inference speed. It delivers exceptional performance in code generation, tool calling, and complex task execution, approaching the capabilities of top-tier overseas models.

M2 is now available via API and model weights. MiniMax has also launched the MiniMax Agent product built on this model, supporting both "Lightning" efficient mode and "Pro" professional mode, covering tasks ranging from Q&A and search to full-stack development.

With the vision of "Intelligence with Everyone," MiniMax continues to advance the democratization of high-performance AI.

Pollytek | Breakthrough in Ultra-Precision Manufacturing with Soochow University

Recently, Pollytek partnered with Professor Fan Cheng's team at Soochow University to achieve a breakthrough in optical ultra-precision manufacturing. They developed a 3D-printed elastomer polishing head based on TPMS structures, reducing K9 glass surface roughness to 5.531nm — achieving nanometer-level smoothness. The results were published in the Journal of Manufacturing Processes.

The polishing head achieves tunable stiffness through programmable lattice structures, balancing efficiency and precision. The team proposed a dual-process strategy of "D40 coarse polishing + P20 fine polishing," improving surface accuracy by nearly 400x. Pollytek's high-performance photosensitive resin enabled micron-level structural printing, helping translate research from the lab to industrial production and supporting the upgrade of China's high-end manufacturing sector.

Infinigence AI | Showcasing a New Paradigm for AI Infrastructure with "Edge Intelligence Full Suite"

Infinigence AI presented its "Edge Intelligence Full Suite" at the West Bund International Technology and Consumer Carnival, demonstrating its boundless terminal intelligence solution combining "edge models + edge software + edge IP." Its AI Agent-driven platform, Kernel Mind, achieves operator-level automated acceleration through multi-agent collaborative optimization, delivering 10x performance improvements. Combined with its reinforcement learning system Rlinf, it enables "self-learning — self-optimization — self-evolution" for edge intelligence.

The showcase also featured the multimodal edge model Infini-Megrez alongside self-developed inference engines and IP, enabling efficient inference and millisecond-level response on low-compute terminal devices. Through hardware-software synergy, Infinigence AI is driving the evolution of AI infrastructure and ushering intelligent terminals into a new stage of autonomous growth.

Qingmao Intelligence | Third Anniversary: Unveiling AI Technology System and Industrialization Achievements

Marking its third anniversary, Qingmao Intelligence looked back on its achievements under the theme "Technology for the Future."

The company focuses on AI infrastructure and intelligent tool development, building a complete technology system encompassing AI Agent architecture, AgentKit API, automated workflows, and the MLGuider scientific research intelligence platform. It has launched the Xuanwu intelligent computing platform and high-performance computing all-in-one machines to facilitate efficient AI model development and deployment. Qingmao has established partnerships with Tsinghua University, Peking University, NVIDIA, AMD, and Huawei, and has been recognized as a Beijing "Specialized, Sophisticated, Distinctive, and Innovative" SME. It continues to drive industrial intelligence upgrading through technological innovation.

Lxson | Partners with The Walt Disney Company to Launch "WALL·E" IP AI Tracked Robot

Lxson announced a partnership with The Walt Disney Company to launch the IP-licensed "WALL·E Tracked Robot."

The robot supports autonomous movement, motion recognition, voice interaction, and remote control, with built-in movie original soundtrack. Positioned for family companionship scenarios, it has already appeared at the China Toy Expo in Shanghai and the Huawei Developer Conference.

VAST | Wins First Prize in AI Track at HICOOL Global Entrepreneurship Competition

VAST stood out from over 10,000 teams worldwide with its "AI 3D Foundation Model Tripo" project, winning First Prize at HICOOL 2025 Global Entrepreneurship Competition and becoming the most representative innovative force in the AI track.

Tripo intelligently generates high-precision 3D models from text and images, boasting the world's largest 3D database and top-tier academic publications. Its latest version features 20 billion parameters, significantly improving 3D creation efficiency and accessibility. It currently serves over 4 million creators and thousands of enterprises globally, with applications spanning gaming, industrial design, and e-commerce. This award marks VAST's leading position in AI 3D generation technology and commercialization, heralding a new chapter for AI-driven 3D content industries.

Oasis Ecosystem | LimX Dynamics, Spirit AI, and Others Showcase at Premier Conference IROS

At the International Conference on Intelligent Robots and Systems (IROS 2025) held in Hangzhou in October, Oasis ecosystem companies LimX Dynamics and Spirit AI presented their latest advances in embodied intelligence.

LimX Dynamics showcased its engineering capabilities with the full-size humanoid robot Oli and the multi-modal bipedal robot TRON 1: Oli features 31 degrees of freedom, combining reinforcement and imitation learning to execute difficult maneuvers with an open SDK; TRON 1 achieves "three-in-one" modularity for wheeled/bipedal switching and self-recovery from falls, targeting both research and mass production scenarios.

Spirit AI had two papers accepted to the conference, marking the highest recognition of the company's core R&D capabilities by the international academic community. Meanwhile, its self-developed humanoid robot Moz1's teleoperation demonstration garnered significant attention from attendees.

As representative companies in embodied intelligence, both demonstrated the continued breakthroughs of Chinese teams in algorithms, control, and engineering deployment on the international stage.

Vital Young Market | Sixth Edition Concludes

On October 31, Oasis's offline event Vital Young Market opened again. The entrepreneurial projects "setting up stalls" this time spanned fashion-oriented AI Agents, AI education hardware, AI for pharmaceuticals, and more — truly without boundaries, enabling entrepreneurs, investors, and media professionals from different fields to fully exchange ideas and spark collisions.

Attention | Interview with Harbin Institute of Technology's Weikang Meng on New Directions in Linear Attention

Oasis launched the second installment of its Attention research interview series, focusing on the latest research presented in the paper "PolaFormer: Polarity-aware Linear Attention for Vision Transformers" (ICLR 2025). We spoke with paper author Dr. Weikang Meng about the balance between efficiency and expressiveness in linear attention, principles of kernel function design, and its potential for long sequences and edge deployment. Oasis continues to present original thinking from frontier researchers, tracking new trends in attention mechanisms as AI architectures evolve.

Signal and Noise | Sixth Podcast Episode: Conversation with Li Bin, Founder of Haokang Zaijia

In October's podcast, we invited Li Bin, founder of Haokang Zaijia, to share his 20-year entrepreneurial journey and 15 years of building the company. He leads with a "warrior's heart," uses "bankruptcy drills" to keep his team alert to crisis, optimizes "production relations" to energize the organization, and articulates his vision as "100,000 RMB salaries, 1 million jobs, 10 million families" — embodying the inner resilience and vitality of outstanding entrepreneurs in navigating trust, order, and human nature.

Oasis Honors | Named Most Active Early-Stage Investment Institution in Diyixinsheng "2025 Q3 China's Most Active Institutions" List

The world changes endlessly, overloaded with noise. Oasis Capital will continue to uphold its "top-down" research methodology, combined with ecosystem entrepreneurs' experience, to consistently deliver signal for enterprises over the long term.

We focus on social transformation driven by artificial intelligence and frontier technology, in robotics, artificial intelligence, and technology services, making long-term investments in the most vital entrepreneurs.

Celebrating Vitality.