
With RMB5bn War Chest and a Star Founder at the Helm, a Chinese Large‑Model Start‑up Bets on Hardware to Prove Value
Jieyue Xingchen has raised over RMB5 billion in a B+ round and named Yin Qi, founder of Megvii and current chair of Qianli Technology, as chairman to accelerate commercialization of its large models. The start‑up aims to marry its foundation models with device partners — phones and cars — to create a full productisation chain, betting that terminal deployment will prove its commercial value.


















