On April 27, according to Tencent News’s “Qianwang,” during the 2026 Hong Kong Web3 Carnival, He Yi disclosed to the public at a small-scale KOL meetup that she and CZ’s family office, YZi Labs, have invested in a Chinese AI large model company, though she did not reveal the company’s specific name.

BlockBeats speculates that the company is highly likely to be Moonshot AI, the parent company behind Kimi. In February this year, Moonshot AI completed more than $700 million in financing. The round was led by and involved long-time shareholders including Alibaba, Tencent, Five Y Capital (5Y Capital), Jiuan Medical, and Gaorong Venture Capital. One month later, in March, Moonshot AI was reported to be raising a new round at an approximately $18 billion valuation, with the maximum amount of funding reaching $1 billion.

It is also worth noting that CZ previously, on March 10, publicly praised the AI model “Kimi” as “the most efficient and skilled at programming.”

In addition, YZi Labs’s former investment partner, Dana, left her position in March this year. After that, her tweets long focused on AI, and she frequently liked Kimi’s technical performance as well as its culture and development team—showing a deep understanding of Moonshot AI. The Dana X account also drew the attention of Zhang Yutong, Moonshot AI’s president.