Zongmu Technology Co. Ltd. announced that it has received more than CNY 1,000,000,000 in its series E round of funding co-led by new investor Dongyang State-Owned Assets Investment Co.,Ltd and Zhejiang Caitong Capital Investment Co., Ltd. on March 28, 2022. The transaction included participation from a fund backed by China Cinda Asset Management Co., Ltd. and COSCO SHIPPING Development Co., Ltd., Beijing Zuoyu Investment Management Co., Ltd., new investors Beijing Taiyou Investment Management Co., Ltd., Shanghai Linxin Investment Management Company, Beijing Fellow Partners Investment Management Ltd., Yuanhai Fund, Zeal Capital, and Qingdao Yuanying, and returning investors Shanghai Chuangtu Investment Management Ltd. and Zhejiang Huzhou Circum-Taihu-Lake Group Co.,Ltd.