Shanghai Shanma Intelligent Technology Co., Ltd announced that it has received CNY 400 million in a round of funding led by new investor Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. on August 9, 2022. The transaction included participation from new investors Shanghai Zhangjiang (Group) Co., Ltd., LTW Capital Investment Management (Shenzhen) Co., Ltd., CCTV Media Industry Investment Fund, returning investors Guochuang Zhongding (Shanghai) Equity Investment Management Co., Ltd., and Linear Venture.