La empresa de modelos grandes nacionales Jiayue Xingchen completará casi 2.5 mil millones de dólares en financiamiento para acelerar su salida a bolsa en Hong Kong

Golden Finance reports that on May 8th, according to the Science and Technology Innovation Board Daily, and sources close to the matter, the domestic large model company Jié Yuè Star will complete nearly 2.5 billion USD in financing and has dismantled its red-chip structure.
It is reported that in the company’s latest financing round, industry chain capital has entered en masse, including Huachin, Longqi, Haowei, Zhongxing, covering multiple links from complete machine manufacturing to upstream core components.
The entry of industrial capital behind this is a definite trend of model capabilities migrating to the terminal.
Business registration information shows that the company completed a share reform in April, changing from a limited liability company to a joint-stock company.
Sources familiar with the matter say that its red-chip structure has also been dismantled, which is usually seen as a key prerequisite step for a Hong Kong IPO.
In addition, “Hong Kong version of Temasek” Hong Kong Investment Management Limited (HKIC) also appears on the shareholder list, providing further endorsement for its listing in Hong Kong.