Yuanrong Qixing Financing History

In 2019, Yuanrong Qixing raised tens of millions of dollars in the angel round with a valuation of 100 million US dollars. Investors included Yunqi Capital, Songhe Yuanwang Capital, Intime Capital, Glory Capital, and Guibang Capital. In September 2019, it raised US$50 million in Pre-A with a valuation of 300 million US dollars. Investors included Fosun Ruizheng, GSR Capital, Yunqi Capital, Ventech China, and Songhe Capital. In April 2020, it raised tens of millions of dollars in strategic financing with a valuation of 400 million US dollars. Investors included Glory Capital, Qitao Investment, and Guibang Investment. In November 2020, it raised tens of millions of dollars in the A round with a valuation of 500 million US dollars. Investors included Zhiying Investment, Fosun Ruizheng Capital, and Oriental Fortune. In September 2021, it raised US$300 million in the B round with a valuation of 1 billion US dollars. Investors included Alibaba, Times Capital, Fosun Ruizheng, Yunqi Capital, and Glory Capital. In 2022, it raised the B+ round with a valuation of 1.5 billion US dollars.