A New Autumn Begins | Z News

Z News is ZhenFund's news column.

August has just passed. Here we look back at the month's highlights, inviting you to witness the growth of our portfolio companies and the latest from ZhenFund. A double shot, shared with you.

ZhenFund angel portfolio company Cyber Kunlun partners with Zhipu AI's GLM to patch three major Microsoft vulnerabilities

On August 14, Zhipu AI officially released GLM 5.3. Cyber Kunlun combined its years of accumulated offensive and defensive security experience and vulnerability research knowledge base with the long-horizon reasoning, code comprehension, and deep search capabilities of Zhipu AI's GLM model, successfully discovering and reporting three major vulnerabilities affecting Microsoft's enterprise email and office systems. The case demonstrates the value of AI-assisted vulnerability discovery in real-world complex software systems, and illustrates a new path for professional security teams and large models to work together to improve vulnerability discovery efficiency. Read more

Multiple ZhenFund portfolio companies appear at the 2026 World Robot Conference

From August 19 to 23, the 2026 World Robot Conference (WRC) was held in Beijing's Yizhuang district. More than 40 humanoid robots appeared on the same stage, with over 150 new products debuting. ZhenFund portfolio companies including Weilai Buyuan, Manifold Tech, CrossWe, Flexiv, Hesai Technology, and Elephant Robotics exhibited, showcasing their latest achievements in robot bodies, core components, embodied AI infrastructure, and scenario applications.

ZhenFund early-stage portfolio company Infinigence AI joins hands with a national pilot base and Guangdong Unicom to build a fully domestic AI terminal ecosystem

Recently, Infinigence AI, together with the National Artificial Intelligence Application Pilot Base (consumer mobile terminals) and China Unicom's Guangdong branch, officially unveiled a new generation of fully domestic, independently controllable AI PCs. Centered on device-cloud collaboration, AI agents, a domestic operating system, and scenario intelligence, the products target office scenarios such as smart meetings, document collaboration, and spreadsheet analysis. Leveraging the national pilot base's adaptation and verification capabilities, as well as Infinigence AI's technical expertise in on-device inference and whole-machine optimization, the parties have connected the complete chain of domestic chips, operating systems, models, applications, and cloud services — accelerating the move of domestic AI terminals from technical validation to large-scale adoption. Read more

Wu Weibin, Party Committee member and Deputy General Manager of Guangdong Unicom (left), and Guohao Dai, co-founder of Infinigence AI (right), take the stage together for the launch

ZhenFund angel portfolio company Moonshot AI (Kimi) named to Founder Park's 2026 "Top 30 Most Influential AGI Innovators in China"

On August 4, Founder Park released its 2026 "Top 30 Most Influential AGI Innovators in China," evaluated across four dimensions: commercial value innovation, interactive experience upgrades, technical breakthroughs, and deep scenario integration. ZhenFund angel portfolio company Moonshot AI (Kimi) was selected. Over the past year, Moonshot AI has achieved simultaneous breakthroughs in model capability and commercialization. Its open-source K2 series models rank among the world's top tier, and the omni-modal K2.5 surpassed the previous full year's revenue within just 20 days of launch. The 2.8T-parameter K3 is not only the most capable model after Fable 5 and GPT-5.6, but also the largest open-source model by parameter count to date. Kimi Work, a desktop agent, together with Kimi's web version and Kimi Code, forms a multi-scenario product matrix, making the company one of China's AI players with both technical and commercial strength.

ZhenFund angel portfolio company Luchen Tech joins Beijing's token economy buildout, accelerating the construction of an AI "token factory"

Recently, Beijing TV's Beijing News focused on Beijing's token economy development, reporting on how the city is leveraging its position as a national AI industry hub and using forward-looking deployment of token factories as a lever to accelerate the token economy's empowerment of the real economy. Luchen Tech was interviewed as a representative Beijing-based AI company. Founder Yang You shared that the company is intensifying its adaptation to domestic chips, running world-leading large models on domestic chips such as Huawei Ascend, Moore Threads, and MetaX through its self-developed high-efficiency inference system, with peak daily token throughput now approaching one trillion. Read more

Luchen Tech founder Yang You interviewed by Beijing TV's Beijing News

ZhenFund angel portfolio company Chainway partners with SAIC-GM-Wuling to build a national-level vehicle-to-grid (V2G) scaled application pilot

On July 29, Guangxi's only national-level vehicle-to-grid (V2G) scaled application pilot — the Wuling Lean Manufacturing Plant — was officially inaugurated. The project was jointly built by SAIC-GM-Wuling and Chainway, a company from Tsinghua University academician Minggao Ouyang's team. It deployed 50 bidirectional V2G charging and discharging units, creating 2.2MW of interactive regulation capacity. As of March this year, the project had completed multiple rounds of validation in real production environments, serving approximately 800 new energy vehicles with a cumulative discharge of 54,000 kWh, verifying the feasibility of V2G technology in large-scale manufacturing settings. Read more

ZhenFund angel portfolio company Moresec wins the "2026 Cybersecurity Outstanding Innovation Achievement Award"

Recently, the results of the "2026 Cybersecurity Outstanding Innovation Achievement Competition," hosted by the China Cybersecurity Industry Alliance (CCIA), were officially announced. Moresec's self-developed security operations agent won the Outstanding Innovation Achievement Award in the innovative product track, recognized for its outstanding technical innovation and solid industry implementation. This year's competition selected 53 winning innovations in total — 35 solutions and 18 innovative products — making it one of the most authoritative innovation competitions in China's cybersecurity sector. Built on Moresec's self-developed 30B-parameter security large model, the agent is capable of autonomous planning, autonomous tool use, and autonomous decision-making, covering development security, proactive defense, and general security operations scenarios. Read more

Manifold Tech's Odin1 spatial memory module becomes standard across Xuanji's quadruped robot lineup, with annual contracts exceeding 20,000 units

Recently, Manifold Tech announced that its self-developed Odin1 spatial memory module has become the default spatial cognition solution for Xuanji Power Technology's Hypertron-T01 heavy-duty quadruped robot and Hypertron-SW01 agile mid-size quadruped robot, with cumulative annual contracts exceeding 20,000 units. The module supports real-time mapping, semantic memory, autonomous return, and multi-robot collaboration, and can be applied in industrial inspection, emergency rescue, and other scenarios. Read more

The Hypertron-SW01 operating in complex environments

ZhenFund angel portfolio company Helium Starlight sustains a single link of over 192 hours, breaking the stable-link duration record in commercial space laser communications

From July 20 to 28, during the in-orbit laser communication test of the "Three-Body Computing Constellation," Helium Starlight completed broadband laser communication verification over an inter-satellite distance of approximately 1,000 kilometers, achieving reliable transmission of high-speed service data. A single stable link lasted over 192 hours, with zero link interruptions and link availability above 99.99% — a new record for stable-link duration in commercial space laser communications. Helium Starlight will continue to inject strong momentum into the development of computing constellations and satellite internet. Read more

ZhenFund angel portfolio company Zhizi Xinyuan appears at the 2026 Big Data Expo

From August 28 to 30, the 2026 China International Big Data Industry Expo was held in Guiyang. Zhizi Xinyuan showcased its self-developed computing acceleration agent KernelCAT at the expo, exchanging ideas on AI for Computing exploration and practice with industry partners. KernelCAT brings AI capabilities deeper into computing systems, covering computing acceleration scenarios such as operator development, model migration, framework tuning, and deployment optimization. Read more

ZhenFund early-stage portfolio company Shendu Zhiyao launches its first clinical research collaboration with the Oncology Center of Peking University Aerospace Center Hospital

Recently, a Phase Ib clinical study of R01 monotherapy in oral form for patients with advanced solid tumors — including lung squamous cell carcinoma, gastric cancer, and esophageal cancer — in which Shendu Zhiyao is participating, held its project kickoff meeting at the Oncology Center of Peking University Aerospace Center Hospital and entered the patient recruitment and screening phase. Through its AI multi-agent capabilities, Shendu Zhiyao will support research information organization, key criterion verification, recruitment lead management, and project progress tracking, advancing standardized and efficient clinical research. Read more

ZhenFund honored with multiple awards, including Investor's "2025-2026 Best Early-Stage Investment Institution TOP 30"

On August 31, Investor released its "2025-2026 Fund Partner Rankings." ZhenFund was named to the "2025-2026 Best Early-Stage Investment Institution TOP 30." ZhenFund Managing Partner Yusen Dai was named to the "2025-2026 Best Early-Stage Investor TOP 25."

ZhenFund honored with multiple awards from FOFweekly, including "GP TOP 100"

On September 3, FOFweekly released its "2026 Investment Institution Soft Power Rankings," focused on soft capabilities such as industrial resource integration, LP relationship management, brand trust, and ecosystem empowerment. ZhenFund was honored with "GP TOP 100," "Artificial Intelligence TOP 30," and "Market Influence TOP 30."

ZhenFund honored with multiple awards from Qimingpian, including "China's Best Early-Stage Investment Institution Overall Ranking TOP 50"

On August 25, Qimingpian released its "2026 China Equity Investment Mid-Year Series Rankings." Evaluated across the four dimensions of fundraising, investment, management, and exit, ZhenFund was honored with "China's Best Early-Stage Investment Institution Overall Ranking TOP 50," "Best Early-Stage Investment Institution Activity Ranking TOP 30," and "Artificial Intelligence Investment Institution TOP 10."

ZhenFund honored with multiple awards from TMTpost Venture, including "Investment Pioneer Early-Stage Institution TOP 20"

On August 17, TMTpost Venture released its "2026 H1 Pioneer Rankings." ZhenFund was honored with "Investment Pioneer Early-Stage Institution TOP 20," "Post-Investment Management Pioneer TOP 20," and "AI Application (Software) TOP 20." ZhenFund Managing Partner Yuan Liu was named to the "Young Venture Capitalist TOP 20."

ZhenFund Managing Director Tianyi Qin named to Qimingpian's "U35 China Outstanding Young Investors TOP 50"

On September 2, Qimingpian released its "2026 China U35 Outstanding Young Investors & U35 Outstanding Young Financial Advisors" list. ZhenFund Managing Director Tianyi Qin was named to Qimingpian's "U35 China Outstanding Young Investors TOP 50."

Written by | Yanyang Edited by | Cindy