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Articles
ZhenFund early-stage portfolio company CloudView Innovation announces completion of Pre-A funding round, embracing new AI-powered rehabilitation approaches
The proceeds will go toward deepening product iteration and expanding global distribution channels, continuing to build the brand's core moat in the intelligent health space.
Beyond the Set Trajectory | Z News
We look back at the "highlight moments" of the past month and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
ZhenFund angel project LeXiang Technology announced the completion of a 200 million yuan angel++ round, continuing to focus on consumer-grade embodied intelligence product R&D
This funding round aims to accelerate the scaled deployment of consumer-grade embodied-intelligence products.
Wuji Robotics' Pan Yunzhe: Dexterous Hands, Underrated Touch, and First Principles
Hardware has to go through round after round of trial production, constantly surfacing issues and steadily narrowing them down, before it can truly mature.
ZhenFund angel project "Teable" announces completion of several-million-dollar angel round, launches world's first multidimensional spreadsheet agent | Z News
The new funding will be used to accelerate global expansion and continue investing in the underlying engine and product R&D.
ZhenFund angel project "Hyde Hydrogen" announces completion of new strategic funding round to accelerate global green hydrogen development with advanced technology | Z News
The proceeds from this round will be used primarily for global market expansion and new product development.
August, Before Summer Ends | Z News
To beat the summer heat, we invite you to join us in celebrating the growth of our portfolio companies and sharing what's new at ZhenFund.
ZhenFund Portfolio Companies 2025 Fall Joint Campus Recruitment Officially Launches
Young talent, take note! ZhenFund's 20+ portfolio companies are bringing 100+ open positions for you.
Yuwuwei CEO Huaiting Zhang: Using Generative AI to Achieve "Teaching Students in Accordance with Their Aptitude, and Education Without Discrimination"
When building AI applications, we follow a 16-character principle: business-led, intelligence-driven, human-machine collaboration, pragmatic innovation.
A '97-born founder's third pivot: building a Personal Agent that doesn't chase productivity
Like the earliest Apple Mac computers, we hope to realize the transformation of agents from productivity to everyday life.
Podcasts
A Three-Way Dialogue on AIGC Creativity, Product, and Investment: Will the Future Pixar Be Born Inside an AI Company?
CreativeFitting Founder Zhu Jiang: Building a Super Content Platform for the AI Era — Fundraising and Self-Sustaining Revenue Must Go Hand in Hand
A Conversation with Zhaogang Group's Wang Dong: One Team, One Email, Thirteen Years of Building Zhaogang --- When Wang Dong, founder of Zhaogang Group, sent that email thirteen years ago, he didn't know he was assembling what would become one of China's most resilient B2B platform teams. The email went out to a small group of former colleagues and industry contacts. The subject line was simple, almost too simple for what it would set in motion. They were going to digitize steel trading — an industry notorious for opacity, fragmentation, and old-school relationship-based dealmaking. "We were basically a group of people who understood steel but didn't understand the internet," Wang Dong recalls. "And somehow that turned out to be an advantage." The early years were brutal. Steel is a commodity business with thin margins and entrenched middlemen. The platform model required convincing buyers and sellers — many of whom had operated through personal networks for decades — to transact online. Trust had to be built transaction by transaction. What separated Zhaogang from the wave of B2B platforms that emerged in the mid-2010s was operational discipline. While competitors burned capital on rapid geographic expansion, Wang Dong's
A Long Conversation with Yusen Dai on Agents: Every Industry Will Face Its "Sedol Moment" — Is Attention Not All You Need?
A New Year Conversation with Koji: 2025 — The Critical Year for AI, the Dawn of the Agent Era
The Evolution of Coding Agents: In-Depth Conversations with Chinese and American Agent Founders, Alibaba Researchers, and Investors
A Conversation with Google DeepMind and LLM Researchers: Deconstructing OpenAI o1 and the LLM+RL New Paradigm
Acquired by a multinational after just five years in your first startup? Ren Dongni, founder of Fanqu, breaks down the game of entrepreneurship and exits --- When Ren Dongni co-founded Fanqu in 2016, the cross-border e-commerce space was already crowded with well-funded players. Five years later, the company had been acquired by a multinational corporation — a relatively swift exit by startup standards. In this conversation, Ren reflects on what it took to build and sell a company, the calculus behind taking strategic investment from a potential acquirer, and why he believes first-time founders often overcomplicate the "game" of entrepreneurship. **On the acquisition decision** "The offer came at a point where we saw the competitive landscape shifting dramatically. Cross-border e-commerce was consolidating, and the platforms with the deepest pockets were starting to squeeze out mid-tier players. We had built something valuable — a supply chain infrastructure and brand relationships that took years to cultivate — but scaling to the next level would have required capital and operational bandwidth we didn't have." The acquiring company, Ren explains, had been a strategic investor in Fanqu's Series B round. "That relationship gave them visibility into how we operated. When they approached us about a full acquisition, it wasn't
Talking AI Tech Applications, Founder Mindset, and the Scale of Entrepreneurship | A Conversation with Xiaoyu Wang of Castbox