Xingji Meizu Group announced the completion of 2 billion yuan angel+round and A round financing

On November 16th, Xingji Meizu Group announced that it will complete a total of 2 billion RMB angel+round and A round financing in 2023, with a post investment valuation of over 10 billion RMB.It is reported that in the first half of this year, Xingji Meizu Group completed angel+round financing, with investors including Rongyi Investment, Xingyuan Fund, Wuhan Economic Development, etc

On November 16th, Xingji Meizu Group announced that it will complete a total of 2 billion RMB angel+round and A round financing in 2023, with a post investment valuation of over 10 billion RMB.

It is reported that in the first half of this year, Xingji Meizu Group completed angel+round financing, with investors including Rongyi Investment, Xingyuan Fund, Wuhan Economic Development, etc. Recently, the group announced the completion of another round of A-round financing, led by Asia Investment Fund and Harvest International, and co invested by QCCapital, Wuhan Economic Development and Industrial Chain Partners.

In addition, in order to better adapt to the needs of rapid business development, Xingji Meizu Group has made organizational structure adjustments, with co founder Shen Ziyu serving as the CEO, responsible for the overall work of the group; Co founder Su Jing serves as the group president, responsible for the daily operations of the company; Qi Weimin succeeded Su Jing as CFO, responsible for finance and investment and financing related work.

According to data, since its establishment, Xingji Meizu Group has laid out businesses such as smartphones, smart cars, self-developed operating systems, wearable devices, and released products such as the new generation flagship Meizu 20 series, the unbounded ecosystem Flyme10, and the FlymeAuto intelligent cockpit operating system. On June 19th this year, Xingji Meizu Group and the global luxury pure electric high-performance car brand Polestar announced the establishment of a new joint venture, with Xingji Meizu Group holding 51% of the shares. Built on FlymeAuto; The PolestarOS intelligent cockpit system will be installed on the Polar Star 4 model to be delivered at the end of this year.

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