According to BlockBeats, Jiuan Medical's A-share stock rallied 5.51% on July 20 after a five-day four-board surge, as the company disclosed indirect stakes in DeepSeek, Moonshot AI (Kimi), and StepFun. Jiuan Hong Kong invested 750 million yuan in DeepSeek via Tianjin Shixiang, with a penetration holding of approximately 0.21% and no involvement in operations.
The company has invested a combined 300 million yuan in Moonshot AI through two rounds (10 million USD in August 2023 and 20 million USD in March 2024), and made a 100 million yuan investment in StepFun via the Haitang Tonghui fund in June 2026.