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.

Fangqing Technology our translation of 昉擎科技 has reportedly completed an A1 financing round at a valuation above RMB10 billion, according to a report published on Aug. 4. The available information does not establish the round size, investor lineup or use of proceeds, so the development should remain framed as reported rather than confirmed. 21st Century Business Herald https://m.21jingji.com/article/20260804/herald/7d1e5891362caa458b3985f581521ce.html , in Chinese