According to Gloomex, Chinese AI startup Jiebuxingchen completed a $2.5 billion funding round on May 8, dismantled its VIE (variable interest entity) structure, and completed a corporate restructuring in April—key steps toward a Hong Kong IPO. The latest funding round attracted major industrial investors including Huaqin, Longcheer, OmniVision, and ZTE, spanning from device manufacturing to upstream semiconductor components. The company also added Hong Kong Invest Management Company (HKIC, known as Hong Kong’s sovereign wealth fund) as a shareholder, providing further backing for its Hong Kong listing.
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