Hefei Rhino Technology Co., Ltd. announced that it has raised hundreds of millions of yuan in a round of funding led by new investor, Beijing Jingwei Hirain Technologies Co., Inc. on July 11, 2023. The transaction also included participation from other new investors such as Beijing Langmafeng Venture Capital Management Co., Ltd., Ningbo Taiming Investment Management Co., Ltd., 37 Interactive Entertainment Network Technology Group Co., Ltd. and a returning investor, Lianxing Capital.