Early Summer Clarity | Z News

Z News is ZhenFund's news column.

June has just wrapped up, and we're taking a moment to look back at the month's "highlight reel" — inviting you to witness the growth of our portfolio companies and what's new at ZhenFund. Double espresso, served fresh.

ZhenFund early-stage portfolio company Flexiv showcases at ICRA 2026

From June 1–5, the IEEE International Conference on Robotics and Automation 2026 (ICRA 2026) was held in Vienna, Austria. ICRA is one of the most important international conferences in robotics, long focused on cutting-edge research, key technological breakthroughs, and industry application trends. Flexiv made its appearance at this year's conference, hosting keynotes, product demonstrations, and live demos at Booth Hall B130 around the core theme of complex contact manipulation — systematically presenting the latest advances in adaptive robotics technology powering physical AI's real-world interaction. Read more

ZhenFund early-stage portfolio company Wuji Technology showcases at ICRA 2026, hosts industry closed-door salon

On June 3, during ICRA 2026, Wuji Technology held a closed-door salon in Vienna centered on the theme "From Dexterous Hands to General Intelligence."

The salon brought together industry partners and researchers to explore the frontiers of embodied intelligence technology, practical challenges, and industry trends. Wuji Technology CEO Yunzhe Pan shared the team's founding vision, technical roadmap, and the pivotal strategic shift toward independently developing dexterous hands starting from motor systems.

On-site, Pan delivered a core capabilities breakdown of the newly launched Wuji Hand 2. Compared to its predecessor, Wuji Hand 2 achieves significant improvements across three critical dimensions: backdrivability, structural stability, and complex real-world manipulation performance — effectively addressing industry-wide pain points around operational instability and limited scenario adaptability in traditional dexterous hands, bringing high-performance biomimetic dexterous hands one step closer to scaled industrial deployment. Read more

ZhenFund angel portfolio company CrossWe's world model tops international WorldArena benchmark

The latest public leaderboard from WorldArena, the authoritative global benchmark for embodied world models, shows that CrossWe's self-developed general embodied world model DSCFuncWorld clinched first place globally in Track 2. This top ranking marks international recognition of CrossWe's key capabilities in embodied data generation, world dynamics prediction, and robotic manipulation models. Read more

ZhenFund early-stage portfolio company Accelerate Technology showcases at 2026 China Integrated Circuit Summit

On June 26, the 2026 China (Shenzhen) Integrated Circuit Summit (ICS Summit) concluded successfully. Accelerate Technology appeared at the summit as a key partner of this year's event. The team provided detailed product briefings, shared application cases, and discussed cutting-edge breakthroughs and industry opportunities in integrated circuit testing technology. Read more

ZhenFund angel portfolio company Cardinal Operations joins China Eastern Airlines' Aviation Transport Service Industry Chain Technology Innovation Alliance

Recently, the Aviation Transport Service Industry Chain Technology Innovation Alliance 2026 Annual Meeting, hosted by China Eastern Air Holding, was held in Shanghai. Cardinal Operations, as an AI cooperative innovation enterprise, was invited to attend and officially joined as an innovative force in the alliance's second term. This membership represents not only authoritative validation of Cardinal Operations' technical deployment capabilities in complex transportation scenarios, but also a significant milestone in its deep participation in the national civil aviation industry chain strategy. Read more

ZhenFund angel portfolio company Vastech Energy named a Hangzhou "Good Seedling" enterprise

Recently, the Hangzhou Municipal Science and Technology Bureau officially announced the proposed list of Hangzhou "Good Seedling" enterprises (first batch). "Good Seedling" enterprises are premium tech startups selected and cultivated under Hangzhou's Seedling Nurturing Program, targeting hard-tech companies with high R&D investment, outstanding innovation capabilities, and strong industrial growth potential. They represent Hangzhou's core mechanism for fostering new quality productive forces and building a tiered cultivation system for sci-tech enterprises. This first batch was filtered through "Hang Xiaomiao" AI intelligent assessment and multiple rounds of expert industry review, with only about a thousand enterprises citywide making the cut. Vastech Energy's successful selection places it in Hangzhou's Seedling Nurturing Program's key sci-tech cultivation tier, earning municipal-level official authoritative certification for its hard-core new energy technology strength. Read more

ZhenFund angel portfolio company Vastai Technologies elected deputy member unit of China Computer Industry Association's Computing-Electricity Coordination Committee

On June 4, the founding conference and first committee meeting of the China Computer Industry Association Computing-Electricity Coordination Working Committee was held in Beijing. Vastai Technologies, as a leading full-function GPU company in China, was formally elected as a deputy member unit of the committee.

Vastai has consistently focused on energy efficiency optimization, concentrating on building high-performance, low-power, green and low-carbon computing solutions. This appointment represents full industry recognition of the company's computing-electricity coordination technical capabilities and industrialization potential.

Vastai will leverage its core advantages in high-performance GPUs and energy efficiency optimization technology to collaborate with upstream and downstream partners in building a computing-electricity coordination industry ecosystem, working with industry partners to support the green, efficient, and high-quality development of domestic computing infrastructure. Read more

ZhenFund angel portfolio company Infinigence AI showcases at 2026 Huawei Cloud INSPIRE Conference

On June 5–6, INSPIRE 2026 Huawei Cloud Creator Conference was grandly held at the Shanghai West Bund International Convention & Exhibition Center. The conference focused on the latest AI industry technology trends and application innovation, attracting over ten thousand top developers, technical experts, and industry leaders. Infinigence AI VP of Technology Xiuhong Li was invited to attend and deliver a keynote speech titled "Infinigence AI Agentic MaaS Optimization Practices," sharing technical results on topology-aware communication optimization for Huawei Ascend. Read more

ZhenFund angel portfolio company ChromX Health named to "2026 Golden Tripod · China Precision Diagnosis Annual List"

On June 4, the "2026 Golden Tripod · China Precision Diagnosis Annual List" was released, co-hosted by CHC Medical Consulting, the Medical Device and Precision Medicine Industry and Investment Alliance, and BMAP. After rigorous evaluation across five dimensions — innovation, industry influence, commercial value, social value, and sustainability — and multiple rounds of selection by a review committee of industry experts, senior investors, and industry leaders, ChromX Health was selected for the Innovation Award TOP30 with its disruptive exhaled breath VOC disease detection solution, alongside established industry names such as Huayin Health, Fosun Xingmai, and Geneseeq. Read more

ZhenFund angel portfolio company Hyde Hydrogen Energy showcases at FCVC 2026

The 10th International Hydrogen Fuel Cell Vehicle Congress (FCVC 2026), co-hosted by China SAE and the International Hydrogen Fuel Cell Association (IHFCA), was held recently. Hyde Hydrogen Energy was invited to participate in the concurrent forum "The Green and Affordable Path for Clean Low-Carbon Hydrogen."

Dr. Junming Hu, Deputy General Manager of Hyde Hydrogen Energy, noted that for green fuel and industrial decarbonization projects, stable green hydrogen supply is only the foundation. More critical is improving system utilization efficiency under fluctuating wind and solar conditions, enhancing start-stop and variable-load adaptation capabilities, achieving coordination between upstream renewable energy input, green hydrogen supply, energy storage regulation, and downstream synthesis and industrial energy use, while continuously reducing long-term O&M costs.

Hyde Hydrogen Energy has developed end-to-end solution capabilities spanning the energy side, system side, and application side, supporting zero-carbon energy projects in improving economic viability, stability, and implementability. Read more

Multiple ZhenFund portfolio companies named to 36Kr 2026 "36 Under 36" roster

On June 16, 36Kr Dark Current Waves released its 2026 36 Under 36 roster. This year's Under 36 comprises 108 total honorees, with 36 each in the categories of entrepreneurs, sci-tech innovators, and investors. Zhilin Yang, founder and CEO of ZhenFund angel portfolio company Moonshot AI; Yudi Qin, founder of early-stage portfolio company Chainway; and Lixue Xia, co-founder of Infinigence AI, were named to the "36 Under 36 Sci-Tech Innovators" list. Yang You of ZhenFund angel portfolio company Luchen Tech and Yuanqing Li of Lxson were named to the "36 Under 36 Entrepreneurs" list.

ZhenFund wins multiple honors including 36Kr 2026 "China Early-Stage Investment Institution TOP50"

On June 16, 36Kr released its 2026 "China Equity Investment Industry Investment Institutions" series. ZhenFund was named to "China Equity Investment Industry Early-Stage Investment Institution TOP50" and "China Most Influential Early-Stage Investment Institution TOP10." ZhenFund founding partner Anna Fang was named to "China's Most Entrepreneur-Friendly Investor TOP100," and partner Emma Yin was named to "2025–2026 Most Active Investor TOP30."

ZhenFund Managing Partner Yusen Dai named to 2026 "Investment界 TOP100" investor list

On June 18, the 2026 "Investment界 TOP100" investors were officially announced. The list, jointly launched by Zero2IPO Holdings' PEDaily and Zero2IPO Research Center, uses real returns as its core benchmark, comprehensively evaluating investment performance and industry influence, and has chronicled the evolution of China's venture capital landscape for eleven consecutive editions. ZhenFund Managing Partner Yusen Dai was selected.

ZhenFund Investment VP Yini Wang named to 2026 36 Under 36 roster

On June 16, 36Kr Dark Current Waves released its 2026 36 Under 36 roster. ZhenFund Investment VP Yini Wang was named to the "36 Under 36 Investors" list.

Text | Yanyang Editor | Cindy