Changpeng Zhao Expects Positive Investment Results from YZ Labs

Changpeng Zhao, the founder of Binance, has expressed optimism about the recent investment performance of YZ Labs. On September 4, he stated on X, "The investments by YZ Labs were made during a deep phase of the crypto winter, so the results should be good." YZ Labs currently manages over $10 billion in assets and invests in companies in the fields of Web3, artificial intelligence, and biotechnology. Zhao explained that YZ Labs uses its own capital, which is not tied to external limited partner withdrawal cycles. This year, YZ Labs invested $52 million in the robotics company RoboForce and $8 million in the AI payment infrastructure company AEON. The investment amount in BitGo has not been disclosed. Zhao noted that as short-term funds shift towards artificial intelligence, it has become easier to select teams remaining in the cryptocurrency industry. YZ Labs' investment portfolio includes various sectors such as robotics, AI payments, prediction markets, and digital asset custody, reflecting a trend of cryptocurrency investment firms expanding their investment scope beyond Web3 technologies. This statement is difficult to interpret as an investment solicitation or a price increase forecast, and actual results can be confirmed through the business progress and financial data of the portfolio companies in the future.

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