Shanghai-based AI-chip startup reportedly completes A1 round at valuation above RMB10 billion

Shanghai-based AI-chip startup Fangqing Technology has reportedly completed an A1 financing round at a valuation above RMB10 billion, according to a report published on Aug. 4 by 21st Century Business Herald. The report does not disclose the round size, investor lineup, or use of proceeds, so the development remains unconfirmed.