TMTPOST — Tencent Holdings-backed Shanghai Qishan Investment and HongShan Growth VII Holdco B have taken minority stakes in Yuyong (Shanghai) Technology, expanding the artificial intelligence startup’s registered capital fivefold on Monday. The regulatory registry update shows Yuyong Technology, founded in May 2026 by former Alibaba Qwen large language model lead Lin Junyang, increased its registered capital from RMB 250,000 ($34,440) to RMB 1.25 million ($172,200). The transaction also drew capital from Xiamen Yaheng Venture Capital Partnership, a prominent domestic venture fund, following reports that Lin’s broader venture vehicle, Shanghai Bulage Technology, is raising seed funding at an implied multi-billion-yuan valuation to develop embodiment and world models. Strategic bets on elite technological founders continue to accelerate across the Chinese mainland despite tightening exit pathways and capital constraints. Tech conglomerates and top-tier venture firms are targeting early-stage cognitive computing and robotic intelligence infrastructure, consolidating domain experts to secure proprietary technical intellectual property as localized large-scale algorithmic competition transitions toward autonomous systems.