At Jinqiu Capital, our purpose has always been to play a catalytic role in the AI revolution.

We’re not driven by where we rank in the market but by the profound belief that the future is built by founders bold enough to challenge the status quo. Our mission is to find and support those courageous individuals with the grit to create market disrupting products and pioneering companies. We will stand alongside them every step of the way as this commitment is at the heart of everything we do here at Jinqiu Capital.

Fueled by this vision, we designed our fund with a 12-year cycle—and even longer if needed—because we know that true innovation does not happen overnight. We recognize that creating a product that changes the way people live and work takes time, patience, and relentless dedication. This understanding is why, in a world where many shy away from long-term bets, we choose to go all in on the future, championing the next wave of groundbreaking technologies.

Since the rise of Computer Vision startups in 2014, we’ve seen the AI sector soar to new heights and face moments of doubt. Regardless of the trends or market sentiment, our conviction in AI has never wavered. In 2016, I joined Jinritoutiao—now ByteDance—when they were leveraging recommendation algorithms to reshape industries. From 2019 to 2021, Jinqiu Capital’s founding team made around 50 AI-related investments, with over half in early-stage rounds. We remain as passionate as ever about empowering the visionaries behind the next generation of breakthrough innovations.

In 2022, just as the AI market’s attention hit a freezing point and before the launch of ChatGPT, we founded Jinqiu Capital and raised our first AI-focused fund. We held firm in our belief that the relentless iteration of data, computing power, and algorithms would ultimately drive profound social transformation and technological advancement. This journey, we knew, would have its highs and lows, and we embraced the fact that it would not happen overnight.Our role has always been to stand beside entrepreneurs, facing the challenges of each cycle with patience and resilience.

Today, we are witnessing an exciting revolution—the rise of large and small language models, plummeting computing costs, nearly zero knowledge costs, and a significant boost in the usability of technology. Human creativity is being unleashed like never before, and the AI-driven world that is emerging is both thrilling and full of promise.

At the same time, we see major shifts in the macro environment. The familiar consensus is fading, and the traditional playbooks no longer guarantee success. But in this environment of uncertainty, we see great opportunity—especially for entrepreneurs and innovators who dare to challenge the norms.This fuels our conviction in Jinqiu Capital’s mission: to find those fearless entrepreneurs and work alongside them to build companies that will drive the future.

—— Jie Yang

Founding Partner of Jinqiu Capital