Core Insights - The article discusses the investment notes of Zhou Yahui, founder of Kunlun Wanwei, highlighting his experiences and insights in the primary market investment space [2][5][6]. Group 1: Zhou Yahui's Background - Zhou Yahui, born in 1977, is a graduate of Tsinghua University with a master's degree in precision instruments. He founded Kunlun Wanwei in 2008, which went public in 2015 [5]. - Before establishing Kunlun Wanwei, Zhou Yahui dropped out of graduate school to start Huoshen Animation Network and later returned to complete his studies [5]. Group 2: Investment Journey - Zhou Yahui began investing in the primary market around 2014, achieving notable success with projects like Qudian, Inke, Opera Browser, and Dada [5][6]. - The investment notes detail Zhou's personal investment philosophy, emphasizing a preference for projects that can compete with industry giants, which he finds stimulating and rewarding [13]. Group 3: Notable Events - The article recounts an event where Zhou Yahui attended a "code meeting" hosted by Source Code Capital, where he encountered prominent figures like Zhang Yiming, Wang Xing, and Cao Yi [6][8]. - During the meeting, Wang Xing expressed skepticism about investing in Dada, believing that Meituan would outcompete it, leading Cao Yi to decide against the investment [11][12]. - In contrast, Zhou Yahui saw potential in Dada despite Wang Xing's comments, showcasing his contrarian investment approach [13]. Group 4: Investment Notes Content - The investment notes consist of nearly 30,000 words, primarily documenting investments in four projects: Qudian, Yimutian, Dada, and Inke, with detailed insights into each [13][15].