Spring Sets the Stage | Z News

Z News is ZhenFund's news column.

As March draws to a close, we're looking back at this month's "highlight reel" — inviting you to witness the growth of our portfolio companies and what's new at ZhenFund. Double espresso, shared with you.

ZhenFund angel project "Dance with Love" named to "2026 China Unicorn Companies"

On March 29, as a key parallel forum of the 2026 Zhongguancun Forum Annual Conference, the Global Unicorn Enterprise Conference was held in Beijing, where the China Unicorn Enterprise Development Report (2026) was released. The report was jointly compiled by the Zhongguancun Unicorn Enterprise Development Alliance and multiple authoritative institutions. ZhenFund angel project "Dance with Love" was named to the "2026 China Unicorn Companies" list. Read more

ZhenFund early-stage project "Yunwang Innovation" featured on CCTV News program Morning News

On March 26, CCTV News Channel's Morning News program featured "Yunwang Innovation" in its special report "One Road Connecting the Full Innovation Chain," highlighting the company's capabilities in intelligent manufacturing and its deep focus on niche market segments.

Multiple ZhenFund portfolio companies named to "2026 Forbes China Outstanding Businesswomen 100"

On March 9, Forbes China released the "2026 Forbes China Outstanding Businesswomen 100." Peng Li, co-founder, CTO, and chief hardware architect of ZhenFund early-stage project Moxi, and Qu Fang, co-founder of ZhenFund angel project Xiaohongshu, were both named to the list. Read more

Multiple ZhenFund portfolio companies named to "2025 Forbes China Sci-Tech Innovators"

On March 9, Forbes China released the "2025 Forbes China Sci-Tech Innovators." Multiple ZhenFund portfolio companies were named. Chen Weiliang, founder of ZhenFund early-stage project Moxi, was named to "Influential Figures"; Jia Jiaya of ZhenFund early-stage project SmartMore, Wang Shiquan, co-founder and CEO of Flexiv, and Xia Lixue, co-founder and CEO of Infinigence AI, were named to "Leadership Figures"; Guo Renjie, founder and general manager of ZhenFund angel project Lexiang Intelligence, Chen Zhen, founder of Xiangke Intelligence, and Zhou Tianyu, founder and CEO of Antinglan, were named to "Innovative Figures." Read more

Multiple ZhenFund portfolio companies named to "EAI-100: 2025 Top 100 Representative Achievements and Figures in Embodied AI" white paper

On March 24, ModelScope Community, in collaboration with CCF Intelligent Robotics Technical Committee, the MIIT Equipment Digital Twin Technology Key Laboratory, Lumina Embodied AI Community, and other authoritative institutions, officially released the EAI-100 list. Multiple ZhenFund portfolio companies were named.

ZhenFund angel project "Liuxing Technology" was named to "2025 EAI Top 10 Commercialization Paradigms" for its Odin1 spatial memory module. The Odin1 module can precisely capture environmental spatial information, enabling autonomous positioning and memory storage, providing powerful spatial perception and memory capabilities for various embodied robots. ZhenFund angel project "Future Not Far" was named to "2025 EAI Top 10 Commercialization Paradigms" for its home physical world butler robot, which breaks down complex household tasks into quickly executable atomic tasks.

ZhenFund angel project "Jingzhi Future" invited to Guangdong Province High-Quality Development Conference

On February 24, the Guangdong Province High-Quality Development Conference was held in Guangzhou, themed "Collaborative Development of Manufacturing and Service Industries." Dr. Wang Junqi, founder, chairman, and CEO of Jingzhi Future, attended as a representative benchmark in a niche segment, joining representatives from global and industry-leading enterprises including Huawei, BYD, China Mobile, Ping An, Siemens, Gree, Midea Group, and Shenzhen Capital Group to jointly chart a new blueprint for Guangdong's high-quality development. Read more

ZhenFund angel project "Datagrand" named to Huxiu's "2025 Big Whale List · GenAI Strongest Commercialization Companies"

On February 26, the results of Huxiu Research Institute's "2025 Big Whale List · GenAI Strongest Commercialization Companies" were officially announced. Datagrand was named to this authoritative list for its outstanding AI Agent technical capabilities in enterprise operations and scaled commercialization value, demonstrating the industry's high recognition of Datagrand's AI Agent technical strength and commercialization capabilities. Read more

ZhenFund angel project Horizon Robotics' HSD partners with iCAR V27 to create the ceiling of boxy SUV intelligent driving

On March 3, iCAR and Horizon Robotics held an intelligent driving technology launch event, comprehensively showcasing the assisted driving capabilities of the iCAR V27, the first mass-produced model equipped with Horizon HSD. Dr. Su Jun, general manager of the iCAR brand division, and Dr. Kai Yu, founder and CEO of Horizon Robotics, appeared at the event to jointly interpret the real-world testing of this family-oriented tough-style SUV in complex multi-city scenarios, demonstrating human-like, smooth driving performance at a "first-tier" leading level. Read more

Yuhang District People's Congress Standing Committee visits ZhenFund angel project "Hanwei Technology" in Zhejiang

On March 5, Zhu Hongdan, director of the Yuhang District People's Congress Standing Committee, led a team to Zhongtai Street's "Nine Ones" contact point for research work, visiting Zhejiang Hanwei Technology Co., Ltd. in person. Relevant officials from the district People's Congress Standing Committee office, the deputy director committee, and the Nanhu Future Science Park accompanied the visit. Zhu Hongdan and her team toured the company exhibition hall and Jixin factory, systematically learning about the company's development history, core technology layout, and market strategy, and deeply inspected production line operations and intelligent manufacturing system construction. Read more

ZhenFund early-stage project Hesai Technology's lidar secures design wins for multiple BAIC Group models

On March 11, global lidar leader Hesai Technology announced that the Hesai ATX refreshed version has officially secured design wins for multiple BAIC Group models, with mass production and delivery scheduled to begin in the second half of 2026. With industry-leading safety technology, Hesai Technology is becoming the common choice of mainstream automakers, injecting core perception capabilities for the intelligent upgrade of the automotive industry. Read more

ZhenFund angel project Momenta wins FAW Toyota "Technology Development · Fengcai Award"

On March 12, FAW Toyota held its 2025 Supplier Conference in Tianjin, where Momenta was presented with the "Technology Development · Fengcai Award." This award focuses on breakthrough progress in new technology fields, with particular attention to suppliers that enhance FAW Toyota's competitiveness in intelligentization. Currently, Momenta provides advanced assisted driving solutions for Toyota's pure electric bZ3, bZ5, and other key models, helping FAW Toyota upgrade its product capabilities during the critical period of electrification and intelligent transformation. Read more

ZhenFund early-stage project Flexiv launches strategic new product Enlight "Chuxin" series robots

On March 20, general-purpose intelligent robotics company Flexiv held its "FLEXIVERSE 2026" annual strategic product launch in Shanghai, officially unveiling the Enlight "Chuxin" series of full-perception adaptive robots, the Orion "Tianshu" next-generation architecture controller, the integrated humanoid intelligence platform MICO, enhanced gecko-material grippers, and other products. This launch also marked Flexiv's official evolution from an adaptive robotics manufacturer to a core infrastructure provider in the general intelligence era. Read more

ZhenFund named to First New Voice's "2025 China Investment Institutions and Figures Rankings"

On March 13, First New Voice released the "2025 China Investment Institutions and Figures Rankings." ZhenFund was named to "China's Most Active Early-Stage Investment Institutions TOP 30," and ZhenFund managing partner Liu Yuan was named to "China's Best Young Investors TOP 30."

ZhenFund's Anna Fang, Emma Yin, and Cheng Yishan named to "FOF Research Center 2026 Outstanding Female Investors" list

On March 6, the FOF Research Center officially released the "2026 Outstanding Female Investors" list to recognize outstanding female investors in the private equity fund of funds and fund industries. Founding partner Anna Fang was named to "2026 Best Female Direct Investment Fund Investors TOP50," partner Emma Yin was named to "Most Promising Female Direct Investment Fund Investors TOP30," and investor relations managing director Cheng Yishan was named to "2026 Best Female IR TOP30."

ZhenFund founding partner Anna Fang named to "2026 Forbes China Women Venture Capitalists"

On March 12, Forbes China released the "2026 Forbes China Women Venture Capitalists" list, selecting 20 outstanding practitioners. They continue to play important roles in key sectors, demonstrating unique resilience and proving that "endurance" is the key capability for navigating cycles. Among them, ZhenFund founding partner Anna Fang was named to the list.

ZhenFund founding partner Anna Fang named to "Rongzhong 2025 China Best Female Investor"

On March 8, Rongzhong Research, relying on authoritative data, surveys, and multi-dimensional indicators, released the "2025 China Best Female Investors" list. ZhenFund founding partner Anna Fang was named to "China Best Female Investor."

ZhenFund partner Emma Yin named to Qimingpian "China Best Female Investor & Financial Advisor"

On March 31, Qimingpian collected and released the "China Best Female Investor & Financial Advisor" to recognize all diligent female practitioners with keen vision and strong professional capabilities. ZhenFund partner Emma Yin was named to "China Best Female Investor."

Text | Menmen Editor | Cindy