Daoyuan Electronics' valuation is close to 8 billion yuan

It took only three years for Daoyuan's valuation to grow from more than 200 million yuan in 2018 to 4 billion yuan in 2021. By January 2023, the valuation was closer to 8 billion. In October 2021, Daoyuan Electronics completed a C round of financing of several hundred million yuan, led by Sequoia China, followed by Matrix Partners, Hillhouse Capital and other institutions. Old shareholders such as SDIC, Yuexiu Industrial Fund and Hechuang Capital continued to increase their investment. In December 2018, Times Bole participated in leading the A round of financing for "Daoyuan Electronics". In 2022, Guangzhou Daoyuan Electronic Technology Co., Ltd.'s revenue exceeded 220 million yuan.