Qingdao Lihao Semiconductor Materials Co., Ltd. announced that it has received CNY 2,200,000,000 in its Series B round of funding on September 27, 2022. The transaction included participation from new investors, Changjiang Securities Company Limited, Oceanpine Capital Limited, China V Fund Management Co., Ltd., Harvest Capital Management Co., Ltd, Zhejiang United Investment Group, China-Belgium Direct Equity Investment Fund L.P., a fund co-managed by Haitong-Fortis Private Equity Fund Management Co., Ltd., China Development Bank Capital Corporation Ltd, existing investors, IDG Capital Partners Co., Ltd., Jolmo Investment Management Co., Ltd., Chint Group Co., Ltd., Jinyu Bogor Investment Management Co., Ltd., Zhejiang Chint Electrics Co., Ltd., other investor, S-China Green Fund. The company has received the funds at a post money valuation of over CNY 7,176,500,000 ($1,000,000,000).