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Jieyue Xingchen, among 'AI 6 Tigers', Completes RMB5B+ Financing
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Jieyue Xingchen, known as one of the "AI Six Tigers" and a Mainland Chinese startup focusing on large models, recently wrapped up a B+ funding round, totaling over RMB5 billion. The round attracted investors such as SSCILF, China Life Private Equity, and Pudong Venture Capital. Existing shareholders including TENCENT (00700.HK) and Qiming Venture Partners also partook in the funding round. This is expected to be the largest single financing case in China's large model sector in the past year. The company revealed that the funds will be used for foundational model research and development to accelerate the implementation of the AI+ terminal strategy. Jieyue Xingchen also announced the appointment of Yin Qi, co-founder of Megvii Technology, as chairman. AASTOCKS Financial News Website: www.aastocks.com |
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