The Information said the startup founded by former Alibaba Tongyi Qianwen core leader Lin Junyang raised several hundred million dollars at a post-money valuation of about $2 billion.
Tencent invested $20 million in the first funding round for a new AI lab founded by former Alibaba Tongyi Qianwen core leader Lin Junyang, The Information reported. The round totaled several hundred million dollars and valued the company at about $2 billion on a post-money basis. Sequoia China and Gaorong Ventures led the financing, each contributing $100 million. The deal highlights continued investor appetite for AI infrastructure and research ventures, particularly teams led by prominent figures from major Chinese technology groups.