Gold Network (Beijing) E-Commerce Co., Ltd. announced that it will raise CNY 155 million in an equity round of funding on January 24, 2022. The transaction includes participation from AVIC Industry-Finance Holdings Co., Ltd. for 22.413% stake after completion of the transaction. The investor will contribute CNY 64,315,352.70 to capital of the company and remaining to capital reserve.

The transaction was approved by the investor in its second meeting of the ninth session of the board of directors. The transaction does not need to be submitted to the company's general meeting of shareholders for consideration.