Shanghai Sudu Technology Co., Ltd. announced that it has received $500,0000,000 in funding on May 8, 2026. The transaction includes participation from top-tier investment firms such as new investors GL Ventures, BlueRun Investment Consulting (Shanghai) Co., Ltd., Tencent Holdings Ltd., Investment Arm, Ant Group Co., Ltd., industrial investors including returning investors Contemporary Amperex Technology Co., Limited, Alibaba Group Holding Limited and IDG Capital. The company issued convertible preferred shares in the transaction.