真格基金

The year draws to a close; a new chapter begins | Z News

A warm winter for good things.

ZhenFund Angel Project "Hyde Hydrogen Energy" Announces New Strategic Investment from Aramco Ventures | Z News

Amaravati Ventures' first investment in the Asia-Pacific hydrogen energy sector.

Its predecessor sold nearly a million copies, and now the Game of the Year-winning producer has made a bizarre three-person dating game? | Z Talk

In the AI era, game development operates on "causal inversion."

ZhenFund angel project **Zhongke Ruiyi** announces completion of tens of millions of RMB in Series A+ funding | Z News

The proceeds from this round will be used primarily for product R&D, clinical trials, product registration, and market expansion.

Moonshot AI Releases Visual Reasoning Model k1, Outperforming OpenAI o1 in STEM Benchmarks | Z News

Every pixel deserves deep thought.

Flexiv's strategic incubatee Noematrix Intelligence announces completion of hundreds of millions of RMB in Pre-A+ funding | Z News

Noetic Space Intelligence secured three rounds of funding within a year.

30,000-Word Transcript: A Google DeepMind Researcher on Deconstructing OpenAI o1 and the LLM+RL Paradigm | Z Talk

The most hardcore, no-fluff technical breakdown of o1.

First Snow, Clear Skies After Frost — Good News as Autumn Departs | Z News

The early winter breeze is crisp and clear.

OpenAI's Flagship AI PDF Tool: This Wrapper Product Hit 500K Users in a Year With a Team of 5 | Z Talk

Why Won't Wrapper Products Get Crushed by ChatGPT?

ZhenFund early-stage portfolio company "Qbit" announces completion of $10 million B1 round | Z News

Use financial innovation to drive global growth for companies expanding overseas.

Day 500 of the Agent Era: What's Disappearing, What's Being Born, and Why We Should Stop Investing in GUI-Thinking Software

A Conversation with Kunpeng: Interactive Movie Games With Real Actors Suddenly Took Off — The Dream He'd Chased for Ten Years Finally Got Noticed

Dropped Out of Columbia to Build the First General-Purpose Learning Agent

A Conversation with ZhenFund Partner Yuan Liu: One Week with Manus, Ten Years with Red Xiao

New Year 2026 Conversation with Koji: The Year of R

Tsinghua PhD Crosses the Desert, Searching for the iPhone Moment of Green Hydrogen

The First Streamer in China to Beat *Black Myth: Wukong* with Motion Controls, Defeating a Boss with a Wave of a USB Device

Tsinghua '97 Alumnus Qin Yudi: From an Abandoned Garage to AI Energy Management, He's Always Been Flying Close to the Ground

A Conversation with Jekka Founder on Human-Level AI Agent Customer Service: AI's Boundaries, Large-Scale Implementation, and the Endgame

Not Chasing Trends, But Backing the People Who Create Them: From Jumei to ZhenFund, Yusen Dai Has Navigated Cycles and Stepped Into the AI Era