Financing History of Tiantong Vision

In December 2016, Tiantong Weishi received an angel round of RMB 10 million, with a valuation of RMB 50 million, and investors included Delian Capital. In January 2018, it received a Pre-A round of RMB 30 million, with a valuation of RMB 150 million, and investors included Guozhong Venture Capital, China Unicom, and BAIC Capital. In August 2018, it received a round A of tens of millions of RMB, with a valuation of RMB 300 million, and investors included BAIC Capital. In September 2019, it received a round A+ of RMB 100 million, with a valuation of RMB 500 million, and investors included SAIC Investment, SAIC California Venture Capital, and Beijing Automotive Network Industry. Industry Development Fund (jointly managed by Qianfang Technology and Jinshajiang United Capital), Shangqi Capital, in November 2020, the B round of RMB 100 million, with a valuation of RMB 1 billion. Investment institutions include Longshi Capital, Zhongyuan Capital, SAIC Hengxu, SAIC California Venture Capital, Shihu Fund, and Huacheng Venture Capital under China Investment Corporation. In July 2021, the C round of US$150 million was valued at RMB 3 billion. Investment institutions include ZF, Longshi Capital, Dongjian International, Zhongyuan Capital, China Science and Technology Advanced Fund, Dawu Venture Capital, China Unicom Innovation Investment, and China Unicom CICC.