A New Year Dawns, Auspicious Energy Fills the Door｜Z News

Z News is ZhenFund's news column.

As the Year of the Snake approaches, auspicious energy fills the air and good news keeps coming. We're bringing you this January monthly report, inviting you to witness the growth of our portfolio companies and the latest happenings at ZhenFund. Double espresso strength — shared with you.

Portfolio News

ZhenFund early-stage portfolio company Infinigence AI launches Infini-AI heterogeneous cloud platform

Currently, the cost of deploying large models in production is extremely high, making it difficult for many companies to validate the actual value of fine-tuned models. To address this, Infinigence AI has launched its "LoRA Self-Deployment" service, which reduces the computational, human, and financial burden on enterprises — making large model deployment as simple as calling an API.

To deploy 100 fine-tuned 7B models, a company would typically need to provision 100 GPUs or rent equivalent compute power. That costs at least 100,000 RMB per month, or 1 million RMB per year. Coordinating algorithm team resources, preparing deployment plans, and when model performance falls short, starting another round of optimization and deployment.

Infinigence AI's "LoRA Self-Deployment Service" eliminates the need for companies to prepare GPU resources entirely, and the deployment process is remarkably simple: just upload your LoRA and select a base model, and a single LoRA model can be deployed in as little as 5 seconds. Regular technical staff can handle it easily, making model deployment as straightforward as calling an API and significantly relieving pressure on algorithm engineers. For high-throughput, high-concurrency scenarios, Infinigence AI also provides customized one-on-one solutions to fully meet customer needs.

ZhenFund angel portfolio company Moresec Technology selected for CAICT's 2024 first-phase "Pan'an" Outstanding Application Cases

On December 24, the 2025 CAICT Deep Observation Report Conference — Digital Ecology Governance Sub-forum concluded successfully in Beijing. During the conference, Moresec Technology received high recognition in multiple industry selections for its outstanding technical capabilities: its jointly submitted project with Fujian Feno Mobile Communications Technology, "Feno's Security Development Management Practice Based on Efficiency Platform," won the 2024 first-phase "Pan'an" Outstanding Application Case; it was selected for the "2024 Phase 2 Digital Security Escort Technology Capability Panorama," covering 33 key sub-domains including software supply chain security, cloud security, security management and operations, security support technology and systems, and application and business security; and its "Lijian Software Supply Chain Composition Analysis System" passed the functional verification for "Digital Security Escort Plan Technology Support Product," earning selection as an outstanding technology support product enterprise based on its exceptional performance.

ZhenFund early-stage portfolio company Flexiv CEO Shiquan Wang selected for "2024 Hurun U40 China Business Pioneers"

On December 26, Flexiv CEO Shiquan Wang was selected for the 2024 Hurun U40 China Business Pioneers list. Published by Hurun Research Institute, the world's largest compiler of startup rankings, the list recognizes young entrepreneurs who have achieved outstanding success.

ZhenFund early-stage portfolio company RightBrain Tech founder and CEO Jian Liang selected for "2024 Hurun U25 China Business Pioneers"

On December 26, RightBrain Tech founder and CEO Jian Liang was selected for the 2024 Hurun U25 China Business Pioneers list. Hurun Report launched the U25 list for the first time to help young entrepreneurs access more social resources — such as investor attention, local government support, and strategic partnership opportunities — thereby accelerating their growth and long-term stability.

ZhenFund angel portfolio company Laiye selected for "2024 AIGC Industry Innovation Leaders"

On December 26, the "Deep Vertical · 2024 Jixin AIGC Summit," guided by the China Association for Overseas Development of Industries and hosted by Jixin, with co-hosting by Qianhai Hong Kong Tech Youth Hub and Guangdong-Hong Kong-Macao Greater Bay Area Youth Innovation and Entrepreneurship Center, was grandly held in Shenzhen and Hong Kong. During the summit, the annual AI list "2024 AIGC Industry Innovation Leaders" was released, with Laiye earning a place on the list for its outstanding contributions and achievements in the financial sector.

As a pioneer in empowering industries with AIGC technology, Laiye is a leader in deep financial industry applications, currently recognized by numerous benchmark clients across banking, insurance, funds, and securities. By launching three high-value, implementable AI Agent digital employee products and solutions based on its digital labor platform, Laiye has not only helped financial institutions improve efficiency in core scenarios such as customer service, business process execution, and cross-system data flow, but also effectively reduced operational errors and risks, enhanced compliance and scalability, and injected new momentum into operational efficiency and innovative development in the financial industry.

ZhenFund angel portfolio company Cardinal Operations named 2024 China Big Data Industry "Domesticization" Outstanding Representative Vendor

On December 26, the "2024 7th Golden Ape & Cube Forum — Big Data Industry Development Forum & Data Elements Trend Forum," co-hosted by the Golden Ape Organizing Committee, DataYuan, Shanghai Data Trader Association, and Shanghai Big Data Alliance, with support from Xinhua News Agency's China Economic Information Service, was successfully held in Shanghai. The conference released the "2024 China Big Data Industry 'Domesticization' Outstanding Representative Vendors" list, with Cardinal Operations selected.

Rooted in local demand and committed to technological innovation, Cardinal Operations has developed the fully self-developed intelligent computing solver COPT, completely breaking the long-term market monopoly of European and American international brands and providing a new domestic alternative for mathematical programming solvers. Going forward, Cardinal Operations will continue to innovate in intelligent computing and decision-making technologies, drive industry practice with technology, unlock the value of data elements, accelerate digital transformation, and inject more vitality into the development of the digital economy.

ZhenFund angel portfolio company Datagrand's AI Agent office intelligence wins ISIG Annual Best Industry Practice Award

On December 28, the 2024 5th ISIG Industrial Intelligence Conference, co-hosted by Enterprise Intelligence Future Technology (AIGC Open Community, RPA China, LowCode Era) and Microsoft Reactor, concluded successfully at Shanghai Model Speed Space. The gathering brought together numerous industry elites and witnessed the release of the "2024 Excellence Impact List — China Industry Innovation Awards," in which Datagrand AI Agent Office Intelligence won the ISIG Annual Best Industry Practice Award for its outstanding industry contributions.

ZhenFund early-stage portfolio company Accelercomm recognized as "Zhejiang Provincial Enterprise Research Institute"

On December 31, the Zhejiang Provincial Economic and Information Technology Commission announced the "2024 Recognized (Registered) Provincial Enterprise R&D Institutions List." After multiple rounds of rigorous review and public notice, Accelercomm was recognized as a "Provincial Enterprise Research Institute." This marks another milestone for Accelercomm following its recognition as a national-level "Little Giant" specialized and sophisticated enterprise.

ZhenFund early-stage portfolio company WeView Energy Storage co-founder Ge Qun selected as Newsweek China 2024 Cover Figure

On January 1, Newsweek China officially unveiled its 2024 Cover Figures. WeView Energy Storage co-founder and chairman Ge Qun was selected as "2024 Cover Figure — Annual Industry Innovation." The announcement was made by Dadi Zhou, former director of the Energy Research Institute of the National Development and Reform Commission and member of the National Climate Change Expert Committee.

The citation reads: He is a pioneer in new long-duration energy storage technology, attempting to open a new direction for energy storage battery development with zinc-iron flow technology. He is also a cross-border entrepreneur, moving from the software industry into energy, leading his company to advance the commercial application of new energy storage technologies, blazing new trails for utilizing common resources and reducing storage costs. Addressing key technical challenges in the development of new energy power systems, he contributes to achieving "dual carbon" goals.

ZhenFund Angel Portfolio Company COPT (Cardinal Operations) Selected for National First-of-Its-Kind Major Technical Equipment List in Energy Sector

On January 7, China's National Energy Administration released its 2025 Announcement No. 1, unveiling the fourth batch of first-of-its-kind major technical equipment in the energy sector. Among the selections was an ultra-large-scale electricity market clearing optimization system built on a fully autonomous and controllable solver, jointly developed by China Southern Power Grid's Power Dispatching and Control Center and led by COPT. The project successfully made the list.

ZhenFund Angel Portfolio Company Elephant Robotics Debuts at CES 2025 with Commercial-Grade Collaborative Robots

From January 7 to 10, Elephant Robotics showcased its newly upgraded commercial-grade collaborative robot, myCobot Pro 630, at CES 2025. The on-site demonstration featured a business case integrating Dsee.Lab's 3D holographic display, with the six-axis robot's fluid movements, 3D visuals, and strong extensibility drawing considerable attention from attendees.

The company's lightweight collaborative robot workshop, known for its portability and high degree of open-source accessibility, also attracted significant interest. Experts from leading organizations including NVIDIA and IEEE expressed strong recognition of Elephant Robotics, noting that collaborative robots will find increasingly diverse applications in modern life and bring greater convenience to everyday living.

ZhenFund Angel Portfolio Company Artilux Shines Again at CES 2025, Leading the Future of 3D Sensing

From January 7 to 10, Artilux, a global leader in 3D camera chips and high-speed optical communications, returned to the CES stage to showcase its full lineup of SPAD dToF sensing chips, including SiPM, 3D-stacked dToF modules, and limited-point dToF sensors.

The Hawk series of pure solid-state LiDAR chips emerged as a highlight of the event. This product is the world's first 440,000-pixel dToF array, featuring the best precision and resolution available on the market. Its highly integrated chip design significantly reduces overall LiDAR system costs to between one-half and one-third of previous levels. The chip is broadly applicable to surround-view autonomous driving, blind-spot detection and obstacle avoidance, security, firefighting, industrial control, and robotics.

The Hawk series not only accelerates the commercialization of all-solid-state LiDAR but also paves the way for large-scale deployment in assisted driving, autonomous driving, and intelligent robotics. During the exhibition, multiple leading LiDAR manufacturers showcased innovative products powered by Artilux chips, further confirming the company's position as an industry benchmark for technological excellence.

ZhenFund Angel Portfolio Company RICTOR Debuts at CES 2025, Advancing Full-Spectrum Mobility Across Land, Sea, and Air

At CES 2025, RICTOR — the international brand incubated by Fastwheel Technology — made a striking appearance with its forward-looking full-spectrum mobility products spanning land, sea, and air. In the Central Hall's full-spectrum mobility showcase, RICTOR curated a visual feast on "future mobility" and unveiled two new products: a flying motorcycle and an electric go-kart boat.

The Skyrider X1 flying motorcycle represents RICTOR's latest achievement in the eVTOL space, redefining low-altitude flight products with exceptional performance and a more accessible price point. It features four axes with eight propellers, constructed from carbon fiber composite aviation aluminum, achieving a maximum flight speed of 100 km/h and flight duration of up to 40 minutes. The X1 offers automatic route planning and can adjust flight altitude, speed, and direction in real time based on weather and environmental conditions, further reducing flight risks. Automatic takeoff and landing functions make operation more convenient and secure. For pilots seeking manual control, the Skyrider X1 also supports joystick operation to accommodate different flying preferences.

The electric go-kart boat marks RICTOR's innovation in water mobility. Built with a full solid EPP body and metal frame, it is lightweight yet sturdy, with a maximum load capacity of 150 kg. Its 15,000-watt rated power ensures robust performance and extended endurance of up to 70 minutes. With a top speed of 45 km/h, it delivers an exhilarating on-water riding experience.

ZhenFund Early-Stage Portfolio Company Hesai Technology Unveils New Robotics and Automotive LiDAR Products at CES 2025, Marking Seventh Consecutive Appearance

From January 7 to 10, global LiDAR leader Hesai Technology appeared at CES 2025, the world's largest consumer electronics show, officially launching its JT series — a miniaturized ultra-hemispherical 3D LiDAR for the robotics sector. The product launched with immediate delivery, with more than 20,000 units already shipped to customers.

Hesai also showcased the AT1440, the world's highest-resolution 1440-line LiDAR, and the FTX, the world's widest-field-of-view automotive-grade pure solid-state LiDAR. This marked the first official unveiling of Hesai's next-generation automotive-grade products, further demonstrating the company's sustained innovation and leading product capabilities in the automotive LiDAR market.

As a global leader in the LiDAR industry, Hesai Technology has participated in CES for seven consecutive years, presenting its latest breakthroughs and achievements in LiDAR technology to the global industry and fully showcasing its profound international market influence.

Group Standard Industrial Vertical Large Model Implementation Guide Released, ZhenFund Angel Portfolio Company Jimu Intelligence Contributes to Manufacturing's Intelligent Transformation

On January 10, at the 2025 "Industrial Shanghai" Innovation Conference, the group standard Industrial Vertical Large Model Implementation Guide was officially released. This important standard was jointly developed by Shanghai Kupaishi Technology, China Academy of Information and Communications Technology Industrial Internet Innovation Center (Shanghai), Shanghai Artificial Intelligence Laboratory, Shanghai Industrial Internet Association, and Shanghai Jimu Intelligence, among others. The standard's release provides clear guidance for manufacturing enterprises in applying industrial vertical large models, driving intelligent upgrades to industrial manufacturing processes.

As one of the contributing organizations, Jimu Intelligence focuses on using internet and IoT technologies to help manufacturing enterprises achieve intelligent industrial decision-making, intelligent data analytics, and intelligent operations. Its extensive experience with industrial big data application platforms provided valuable practical foundations for the development of the Implementation Guide. Jimu Intelligence monitors equipment status, environmental factors, personnel conditions, product quality, and process parameters during manufacturing production, deeply mining data value to deliver intelligent solutions for enterprises.

ZhenFund Angel Portfolio Company Heliospace Wins National Second Prize at Sixth "China Chuangyi" Innovation and Entrepreneurship Competition

On January 10, the 2024 "Daling Bay" Quality Sci-Tech Enterprises & Entrepreneurs List release ceremony and 2024 Minhang District Innovation and Entrepreneurship Achievement Exhibition were held at the Daling Bay Sci-Tech Building.

In recent years, Minhang District has accelerated the construction of a globally influential science and technology innovation center, focusing on building a "4+4" industrial structure centered on advanced manufacturing and modern services. At the event, Tan Jun, founder and CEO of Heliospace & Shanghai Qionglong Technology, was named to the 2024 "Daling Bay" Quality Sci-Tech Enterprises & Entrepreneurs List and shared his entrepreneurial experience as a representative entrepreneur. Heliospace's wholly-owned subsidiary, Shanghai Qionglong Technology, won first prize in the Minhang District round and national second prize in the sixth "China Chuangyi" Innovation and Entrepreneurship Competition for its "Integrated Space-Air-Ground-Sea Solution," receiving recognition at the conference.

ZhenFund Portfolio Company Xellar Biosystems Publishes Two Papers Same Day in Nature Sub-Journals

On January 15, Xellar Biosystems, in collaboration with the Shenzhen Institute of Advanced Technology (Chinese Academy of Sciences), Henan Academy of Medical Sciences, Harvard Medical School, and other institutions, published two significant research findings in the prestigious international journals Nature Microbiology and Nature Chemical Biology.

Dr. Bai Haiqing of Xellar Biosystems served as co-first author on both papers. Professor Si Longlong, a researcher at Shenzhen Institute of Advanced Technology and director of the Xellar Biosystems Joint Laboratory, was corresponding author on both works. Dr. Xie Xin of Xellar Biosystems was a co-author on both studies. The two studies introduced, for the first time globally, a novel protein degradation-targeting vaccine technology (PROTAR 2.0). Through organ-on-chip and animal experiments, the research demonstrated the new vaccine's potent broad-spectrum immune protection, effectively defending against both homologous and heterologous influenza virus infections while supporting scalable production — opening new directions for vaccine development against other pathogens.

ZhenFund Angel Portfolio Company Mogic AI Named National High-Tech Enterprise, Adding New Honors to Its Full-Stack AI Marketing

Mogic AI has recently been certified as a "National High-Tech Enterprise" in recognition of its outstanding technical capabilities and innovation. This prestigious designation validates the company's R&D strength, core intellectual property, and innovative capacity. It injects fresh momentum into Mogic AI's growth while further elevating its brand influence within the industry.

Guided by its mission to "make content creation more effective and reshape the future of digital marketing through technology and creativity," Mogic AI centers on innovative marketing models to deliver efficient, personalized services that drive enterprise digital marketing transformation.

Since its founding in 2021, Mogic AI has focused on intelligent marketing, partnering with over 20 conglomerates and 200+ leading brand clients to provide end-to-end solutions spanning marketing strategy insights, AI content production, intelligent ad placement, and content management. Its flagship product, Mogic Copilot, has served major brand groups and e-commerce platforms including Pepsi, P&G, L'Oréal, and Alibaba.

People's Daily Covers ZhenFund Early-Stage Portfolio Company SpacemiT, Embracing the Wave of Technological Change

On January 19, People's Daily reported from Zhejiang enterprises, describing the scene at SpacemiT (Hangzhou) Technology: "At year-end, the sound of keyboards and phones filled the office. A 10 million yuan order placed just two weeks earlier had the entire company scrambling."

SpacemiT Chairman Chen Zhijian told reporters that the company's next-generation K1 chip, now in mass production, is widely deployed in carrier cloud PCs, power intelligent computing terminals, home network storage, and smart conferencing equipment. He expressed strong confidence in the company's prospects, stating: "Only by actively embracing the wave of technological change and daring to innovate can we win new competitive advantages."

ZhenFund News

ZhenFund Named to TMTPost 2024 Pioneer Rankings

On December 31, ZhenFund was recognized in the "Early-Stage Investment Institutions" category of TMTPost's 2024 Pioneer Rankings, placing on both the "Exit Pioneer TOP10" and "AGI Large Model TOP20" lists.

ZhenFund Founding Partner & CEO Anna Fang and Managing Partner Yusen Dai Named to ChinaVenture's 2024 Best Early-Stage Investors TOP50

On December 31, ChinaVenture released its 2024 Investor Rankings, with ZhenFund Founding Partner & CEO Anna Fang and Managing Partner Yusen Dai receiving the "ChinaVenture 2024 Best Early-Stage Investor" award.

ZhenFund Founding Partner & CEO Anna Fang Named to ChinaVenture's 2024 Best AI and Big Data Investors TOP20

On December 31, ChinaVenture released its 2024 Investor Rankings. Nearly 80% of portfolio companies from ranked investors were technology enterprises, reflecting the investment market's tilt toward tech manufacturing. In the sector-specific rankings, ZhenFund Founding Partner & CEO Anna Fang was named to the "ChinaVenture 2024 Best AI and Big Data Investors TOP20."

ZhenFund Named to IT Juzi's 2024 Most Active Chinese Investment Institutions in Primary Market TOP20

On January 3, new economy VC database IT Juzi released its "2024 Most Active Chinese Investment Institutions in Primary Market" rankings. "Activity level" serves as the most direct and authentic barometer of VC market conditions. ZhenFund was named to the "2024 Most Active Chinese Early-Stage Investment Institutions TOP20."

ZhenFund Named to Hurun Global Gazelle Investment Institutions 2024

On January 8, Hurun Research Institute — the world's largest compiler of startup rankings — released its Future Unicorn series, the 2024 Hurun Global Gazelle Index. Based on the number of gazelle companies on the list, Hurun compiled the 2024 Hurun Global Gazelle Investment Institutions ranking of the world's most successful gazelle investors. ZhenFund made the list with 16 gazelle portfolio companies.

ZhenFund Named to企名片's China Best Early-Stage Investment Institutions Comprehensive Ranking TOP20 and Active Ranking TOP20

On January 8, in企名片's 2024 annual rankings, ZhenFund was named to both the "China Best Early-Stage Investment Institutions Comprehensive Ranking TOP20" and "China Best Early-Stage Investment Institutions Active Ranking TOP20."

ZhenFund Founding Partner & CEO Anna Fang and Managing Partner Yusen Dai Named to企名片's China Investors of the Year TOP100

On January 8,企名片 released its "2024 China Best Investors TOP100," representing the backbone of the venture capital market. Navigating a complex and shifting market environment with keen insight and precise judgment, ZhenFund Founding Partner & CEO Anna Fang and Managing Partner Yusen Dai have propelled the birth and growth of numerous Chinese innovative enterprises, making significant contributions to China's equity investment industry.

ZhenFund Named to 2024 China Most Influential Early-Stage Investment Institutions TOP30; ZhenFund Founding Partner & CEO Anna Fang Named to 2024 China Most Influential Early-Stage Investors TOP20

On January 15, the China Venture Capital Research Institute announced its Golden Investment Awards year-end rankings. ZhenFund was named to the "2024 China Most Influential Early-Stage Investment Institutions TOP30," while Founding Partner & CEO Anna Fang was named to the "2024 China Most Influential Early-Stage Investors TOP20."

ZhenFund Managing Partner Yusen Dai Named to F40 China's Young Investors

On January 20, investment platform Zero2IPO Group's 2024 "F40 China's Young Investors" results were announced, with ZhenFund Managing Partner Yusen Dai making the list.

By Cindy & Jiamin

Edited by Wendi

Recommended Reading