The post-90s upstarts have become venture capitalists.

This is an unremarkable financing deal -

Recently, Yingwei Innovation, a developer of AI chips, completed a new round of financing, adding nine new shareholders, including Shangqi Capital, Jinshi Investment, Yida Capital, Hongtai Fund, and Shenyi Investment. Among them, there is also a rare figure: Yilugaofei (Shenzhen) Technology Co., Ltd., a company 100% owned by Insta360.

In other words, Insta360 has also appeared in the VC circle.

Looking back on this year, Insta360 and its founder, Liu Jingkang, have undoubtedly left a deep impression on the outside world. On June 11, Insta360 officially listed on the A-share market, and Liu Jingkang became the first post - 90s founder to ring the bell on the Science and Technology Innovation Board. In just a few months, Insta360's stock price has been rising all the way, and its latest market value exceeds 110 billion yuan, creating super returns for its investors.

Now, he has also personally entered the investment field, becoming fresh blood in the VC circle.

Liu Jingkang Made an Investment

Yingwei Innovation is a somewhat unfamiliar name. There are few reports about this company in the outside world. According to Tianyancha information, the company was established in October 2024 and was formerly a joint - venture company established by SenseTime and Sony. It is an AI chip subsidiary of SenseTime Group.

The core team also has close ties with SenseTime. After equity penetration, director Wang Zheng also serves in Shangtang Huipu, a company under SenseTime; Wang Xiaogang, the co - founder, executive director, and chief scientist of SenseTime, also indirectly holds shares in the company. In addition, CEO Zhang Jiehua was once one of the founders of the chip team of a drone giant in South China, leading the team to develop multiple 6nm and 7nm chips.

The official website shows that this is an edge - side artificial intelligence chip company, focusing on chip - level edge - side intelligent solutions. The global shipment volume of its self - developed chips has exceeded tens of millions, and it has set up teams in Wuxi, Shanghai, Shenzhen, Beijing, Xi'an and other places.

Just one year after its establishment, Yingwei Innovation has gathered many well - known institutions. Tianyancha shows that in March this year, Shangtang Guoxiang Capital and Bohua Capital joined the shareholder camp of Yingwei Innovation; in May, it received investments from Yingfeng Investment, Guochen Venture Capital, and SMIC Juyuan Investment.

In August, Wuxi Venture Capital, Boqiang Investment, Futeng Capital, Hony Capital and others entered the game, among which Bohua Capital and Yingfeng Investment further increased their investments. One month later, Haitong Kaiyuan also joined the investor team.

In the latest development, Insta360 has also arrived. The reason for its investment is easy to understand - it is reported that currently, Yingwei Innovation's self - developed chips can deeply empower intelligent terminals such as action cameras, smartphones, AI glasses, and robots, which coincides with Insta360's business track.

Previously, Liu Jingkang emphasized the importance of AI chips in an interview. In his view, with differentiated market demand, new hardware design, and redesign based on a unique chip, a two - to three - year leading window will be created. Undoubtedly, AI chips have become a key part of the competition in the intelligent hardware field. According to Insta360's latest third - quarter financial report, its R & D expenses in the third quarter reached 524 million yuan, a year - on - year increase of 164.81%, mainly used for chip customization and strategic project investment.

Actually, this is not Insta360's first investment. Tianyancha shows that as early as September last year, Insta360 invested in Rongguang Optics, which focuses on the R & D and production of mid - to high - end customized lenses and is one of Insta360's core suppliers. Even earlier, Insta360 became a shareholder of Yiwo Technology, and the two sides have been cooperating on VR panoramic space solutions ever since.

As a newcomer to the investment circle, Liu Jingkang's investment style is still quite cautious - he chooses familiar fields, based on business layout, and still focuses on product innovation and evolution. In short, he has emerged as an investor.

The Hottest Post - 90s This Year

Back in June, Insta360 finally listed on the A - share market, and its market value exceeded 70 billion yuan on the first day of listing. The post - 90s Liu Jingkang stood on the IPO bell - ringing stage.

After listing, the company's stock price has been soaring. As of the close on November 28, Insta360's latest market value exceeds 110 billion yuan. This scene is quite shocking: calculated based on the issue price of 47.27 yuan per share, Insta360's stock price has skyrocketed by more than 500% so far.

In this way, it has also created a long - awaited feast for the primary market.

Take IDG Capital, Insta360's earliest external investor, as an example. It still holds nearly 12% of Insta360's shares. Based on the total market value of 110 billion yuan, its latest market value of shareholding exceeds 13 billion yuan. In addition, another early investor, Qiming Venture Partners, has a shareholding market value of over 9 billion yuan, also enjoying rich returns.

Of course, the biggest winner is undoubtedly Liu Jingkang. He has not only realized his technological dream but also joined the ranks of the new rich this year. At the age of 34, Liu Jingkang and his wife Pan Yao made it onto the "Hurun Rich List