The financing news has sparked widespread public discussion—not only due to the substantial funding amounts but also because technology enterprises are reshaping the times.
Runxinwei Technology Completes B+ Series Financing of Nearly 400 Million Yuan
Runxinwei Technology, a domestic provider of intelligent base station solutions, officially announced the completion of its B+ series financing of nearly 400 million yuan. This round of financing was co-led by multiple state-owned and industrial capital institutions, including Chongqing Changjia Cross-border Private Equity Investment Fund, Hengxu Capital, Jiangsu Strategic New Industries Fund, and Suzhou High-speed Railway New Town State-owned Assets Control. The raised funds will be primarily allocated to core technology breakthroughs such as the iteration and upgrading of domestic computing platform solutions, the evolution of AI operating systems, and the development of end-side AI models, further consolidating the company’s core competitiveness in its full-stack technical system.
Xuzhishi Completes A+ Series Financing of Over 50 Million Yuan
AI healthcare innovation enterprise Xuzhishi announced the completion of its A+ series financing of over 50 million yuan at the end of 2025. This round of financing was jointly invested by three institutions: Zheshang Capital, Xiangtai Capital, and Meihua Venture Capital. The funds will be focused on building a specialized AI algorithm system for brain diseases, developing multi-modal neural data modeling, accumulating physical AI training data, and researching and developing XR (Extended Reality)-based brain-computer interface hardware. Xuzhishi further stated that its Series B financing is currently in active preparation and is expected to officially launch after the Spring Festival.
ThetaWave AI Announces Financing of Several Million US Dollars
According to GL Ventures, today, ThetaWave AI, an AI-native knowledge content platform, announced the completion of financing of several million US dollars. The financing was co-led by GL Ventures, BAI Capital, and MBA Fund, with the existing shareholder Qiji Startup Forum continuing to increase its investment.
TTC Completes a New Round of Financing of Tens of Millions of US Dollars, Led by Husky Capital and Strategically Invested by Baidu
Recently, Beijing True Talents Connect Co., Ltd. (TTC for short) announced the completion of its Series A financing of tens of millions of US dollars. This round of financing was led by Husky Capital, with Baidu as the strategic investor. The raised funds will be mainly used to strengthen the R&D of AI large models and Agent technologies, continuously upgrade the user experience of the “Wheat Recruitment” product, and deepen the construction of a professional talent service team in the AI and hard technology track.
Turing Quantum Completes Series B Financing of Several Hundred Million Yuan
On January 27, Turing Quantum, a quantum photonics computing enterprise, officially announced the completion of its Series B financing of several hundred million yuan. This round of financing included multiple strategic investors such as Sichuan Provincial Industry Revitalization Group, Investment Control Donghai, Fosun Capital, and SenseTime.
DeepWay Completes 1.177 Billion Yuan Pre-IPO Series Financing
DeepWay announced the completion of its Pre-IPO series financing, with a total raised amount of 1.177 billion yuan. This round of financing was led by Puhua Capital, with co-investors including ABC Impact, Xinwangda, Qianhai Haotian, Hantang Real Estate, Linyi Guoke, Changxing Chuangqiang Fund, Shandong Guokong Capital, Legend Capital, Greater Bay Area Fund, Guangyue Investment, and Redhill Fund. The funds will be mainly used for the operation and development of the group’s main business.
Xiwang Completes Strategic Financing of Nearly 3 Billion Yuan
Xiwang announced the completion of a strategic financing of nearly 3 billion yuan within one year. The investors include industrial capital institutions such as Huaxu Fund under Sany Group, FanShi Intelligence, Hangzhou Data Group, Zhengda Robot, CCL Technology, Youzu Network, and Beijing Lier, as well as domestic VC/PE institutions such as Wujiji Capital, IDG Capital, Xin Capital, Gaorong Venture Capital, CICC Capital, Puhua Capital, Songhe Capital, E Fund, ICBC Investment, Haitong Kaiyuan, Yuexiu Industrial Fund, Yintai Investment, Guoyuan Fund, Guangdong Minvest, and Huamin Investment. It also received support from state-owned capital institutions such as China Chengtong Mixed-ownership Reform Fund, Hangzhou Financial Investment, and Hangzhou High-tech Financial Investment. The raised funds will be specially allocated to the core technology R&D, large-scale mass production, and ecological construction of next-generation reasoning GPUs.
StepFun, a Shanghai-based Unicorn in the Foundation Model Sector, Completes Over 5 Billion Yuan Series B+ Financing; Yin Qi Appointed Chairman
Shanghai-based foundation model startup StepFun (StepFun) completed its Series B+ financing of over 5 billion yuan, setting a new record for the largest single financing round in China’s foundation model track in the past 12 months. The participating institutions include industrial investors such as Shanghai State-owned Investment Leading Fund, China Life Equity Investment, Pudong Venture Capital, Xuhui Capital, Wuxi Liangxi Fund, Xiamen International Trade, and Huaxin Technology, with existing shareholders such as Tencent, (Qiming Venture Partners), and (Five Sources Capital) further increasing their investments. The funds will be used for basic model R&D, building a world-class foundation model, and accelerating the implementation of the AI + terminal strategy.
Deep-Sea Robotics Enterprise Completes Series B Financing
On January 27, Shandong Future Robotics, a deep-sea robotics enterprise, completed its Series B financing. This round of financing was led by Jianyuan Fund, with follow-up investments from institutions such as CITIC Industrial Fund, Jinyi Capital, Chuhui Capital, Houji Capital, Wangsu Investment, and Chenxi Capital. The raised funds will be mainly used for the R&D and tackling of next-generation core technologies, the deepening of global market channel expansion, and the construction of large-scale production capacity.
Zhongke Qingneng Completes Nearly 500 Million Yuan PreA++ Series Financing
Zhongke Qingneng has completed its PreA++ series financing of nearly 500 million yuan. The financing was led by CDH Investments, with joint leadership from NIO Capital, China National New Energy Fund, and Kunpeng Capital. It was co-invested by multiple investment institutions including Hetang Capital, Xiaoyu Capital, Henan Asset Management, Feitu Venture Capital, and West Lake Venture Capital. The existing shareholders Rongtuo Capital and China General Nuclear Capital continued to support the round, with Yundao Capital serving as the financial advisor for this financing. The funds will be mainly allocated to the R&D and engineering delivery of larger-scale liquid hydrogen systems, the largest domestic nuclear fusion refrigeration system, key refrigeration systems for multiple domestic large scientific devices, and the third-generation quantum low-temperature sensing system, as well as the construction of the second-phase manufacturing center.
What is the market price of a continuous motion multi-piece special-shaped machine?
