Chairman of Fortune Capital (Dachen Caizhi), founded 2000 — one of China's oldest PE/VC firms. AUM: 50B+ yuan. Very active in robotics 2025: invested Yunshenshu (cloud robot, 5B C round), Zhipingfang (embodied AI Pre-A), Yinshi Robot (B2 round), Zhongruijia, multiple robot component companies. 10+ embodied AI deals in 2025. For hardware founders: Dachen is government-connected capital with patient money.