Shanghai Zhiyuan Innovation Technology Co., Ltd. announced that it has raised more than CNY 600,000,000 in a round of funding on December 14, 2023. The transaction included participation from returning investors, BRV Partners, LLC, GL Ventures, Hillhouse Investment Management, Ltd., CDH Investment Management Company Limited and new investors, Xi'an CAS Star Technology Incubator Co., Ltd., Wuhan YOFC Science and Technology Innovation Industry Fund Partnership, Guangzhou Luxvisions Innovation Technology Limited, ShenZhen Co-Stone Asset Management Co., Ltd., Zhejiang Sanhua Intelligent Controls Co.,Ltd (SZSE:002050), Shanghai Free Trade Zone Lingang New Area Science and Technology Innovation Industry Investment Fund. The transaction has been raised at a pre money valuation of CNY 3,500,000,000.