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Binance Co-Founder Yi He Says YZiLabs Comment Referred to AI Startup

On X, Yi He said her earlier YZiLabs investment remark referred to an artificial intelligence company founded by Chinese entrepreneurs, after speculation linked the undisclosed target to Moonshot AI, parent of Kimi.

Fact Check
The Tencent News article "币安“一姐”香港高调营销：信众、饭局与未解难题" supports only the narrower claim that He Yi said YZi Labs invested in an unnamed Chinese AI large-model company. It does not identify Moonshot AI or Kimi. Odaily's "何一称 YZiLabs 已投资一家中国 AI 大模型公司，市场猜测或为 Kimi 母公司月之暗面" explicitly frames Moonshot AI as market speculation, not confirmed fact. Reuters' "China tech's old guard lose their AI thunder - Reuters" supports the background financing details about Moonshot AI, including raising more than $700 million and pursuing additional funding at roughly an $18 billion valuation. Taken together, the evidence supports the undisclosed-investment portion and the Moonshot funding background, but not the implied identification of Moonshot AI as the actual YZi Labs investment target. Therefore the combined claim is not verified and is best rated insufficient evidence.
    Reference: 12
Summary

Binance co-founder Yi He said on X that her earlier comment about a YZiLabs investment referred to an artificial intelligence company founded by Chinese entrepreneurs. The original disclosure, reported by Tencent News’ Qianwang from a small KOL meeting at the 2026 Hong Kong Web3 Carnival, said YZi Labs, described by Yi He as her and CZ’s family office, had invested in a Chinese artificial intelligence large model company. The company name remains undisclosed, and no investment size, timing, or transaction terms have been provided. Market speculation had pointed to Moonshot AI, the parent of Kimi, which the earlier report said raised more than $700 million in February and was reportedly seeking additional funding in March at a valuation of about $18 billion.

Terms & Concepts
  • Artificial intelligence: Computer systems designed to perform tasks that typically require human intelligence, such as generating text or analyzing data.
  • Large model: A large-scale artificial intelligence model trained on extensive data, typically used for language, reasoning, or generative tasks.
  • KOL: Short for key opinion leader, meaning an influencer or prominent industry voice often used in crypto marketing and community outreach.