Zhuji Power receives strategic investment from Alibaba and becomes the largest external shareholder

After completing nearly RMB 200 million in angel round + Pre-A round financing in October 2023, seven months later, Shenzhen Zhuji Power announced that it had received strategic investment from Alibaba, with a shareholding ratio of more than 18%, becoming the largest external shareholder. The specific investment amount was not disclosed, but it is estimated that the valuation of this round is about RMB 1 billion.