Beijing Baichuan AI Co., Ltd. announced that it has received $300,000,000 in a round of funding on October 17, 2023. The transaction included the participation from new investors Tencent Holdings Limited, Alibaba Group Holding Limited, Shunwei, Inc., Shenzhen Capital Group Co., Ltd., Tsinghua Holdings Capital, TAL Education Group, and existing investor Xiaomi Corporation and other investment firms. The round was raised at a post-money valuation of $1,000,000,000. The company has received $350,000,000.