Lumi United Technology Co., Ltd. announced that it has received an aggregate of CNY 1,000,000,000 in a round of funding on October 28, 2021. The transaction included participation from existing investor Joy Capital Management, Ltd., new investors Shenzhen Capital Group Co., Ltd., Greenwoods Asset Management Limited, Zhongyuan Capital, liantong zhongjin, a fund managed by CICC Investment Group Company Limited, China Telecom Corporation Limited and China Unicom (Hong Kong) Limited.