Qingdao AInnovation Technology Group Co., Ltd. announced that it has received more than CNY 400 million in its series A and A+ round of funding led by new investor CICC ALPHA (Beijing) Investment Fund Management Co., Ltd on January 24, 2019. The transaction also included participation from existing investors Sinovation Ventures (Beijing) Enterprise Management Limited and Chengwei Capital. The company has raised CNY 500 million in funding till date.