According to ChainCatcher, Variant Fund co-founder Li Jin announced that she will no longer serve as the general partner of the institution and will instead serve as a consultant. She will continue to work with portfolio companies and provide advice to the team, while no longer participating in investment and daily company management.

Li Jin said the change gave her the time and space to explore other interests that aligned with her mission, such as broader education, innovation and technology; and to pursue more creative projects.