MooreThreads. announced that it has raised CNY 2,000,000,000 in a round of funding co-led by Bank of China Investment Management Co., Ltd., Shanghai Guosheng Group Co., Ltd., Bohai Zhongsheng (Hubei) Industry Fund Management Co., Ltd., Source Code Capital and returning investor 5Y Capital on November 25, 2021. The transaction also involved participation from nine investors, including Qianhai Fund of Funds, CCB International Asset Management Ltd., Tencent Holdings Limited, Hubei High Quality Development Industry Investment Fund, a fund managed by Hongtai Capital Holdings, and returning investors, Beijing Byte Dance Telecommunications Co., Ltd. and China Merchants Securities Co.

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