On the morning of July 19, Yunzhisheng, a domestic Internet of Things artificial intelligence operator, announced the completion of 600 million yuan in c financing. This round of financing was invested by China Internet Investment Fund, CICC Jiacheng, a subsidiary of CICC, and China Construction Investment Capital, a subsidiary of China Construction Huake

Investment, Hanergy Investment serves as the exclusive financial advisor. So far, Yunzhisheng’s C-round series financing has totaled 1.3 billion yuan. Yunzhisheng’s C-round investors are all state-backed funds. China Internet Investment Fund is approved by the State Council.

An investment institution jointly launched by National Network Communications and the Ministry of Finance, strategic investors include Industrial and Commercial Bank of China, Agricultural Bank of China, CITIC Guoan, China Post Life, China Mobile, China Unicom, China Telecom and other leading state-owned enterprises in various fields.

The total scale of the fund plan reaches 100 billion yuan. CICC Jiacheng is the earliest and most important PE investment platform established by China International Capital Corporation. The main shareholder of CICC is the central remittance company Yunzhisheng founder and CEO Huang Wei said: This time

The collective admission of national background funds reflects the country’s high priority and strong support for the Internet of Things and artificial intelligence industries, and further reflects the market’s recognition of Yunzhisheng’s leading artificial intelligence technology and commercialization capabilities. He pointed out that Round C

The financing will be mainly used to increase investment in the research and development of important artificial intelligence technologies, improve the construction of talent stages, seek continued breakthroughs in the company's multi-modal and cognitive technologies, explore more vertical industries and service models, and tap new business growth points.