Xiangheng International Invests RMB 10 Million in Fund Backing Zhiping Square on May 22

On May 22, Xiangheng International announced it will invest RMB 10 million of its own capital in Jiaxing Huaxiang Equity Investment Partnership, representing 49.0196% of the fund's total RMB 20.4 million target size. The fund focuses on emerging productivity sectors and will specifically invest in Zhiping Square (Shenzhen) Technology Co., Ltd.

Zhiping Square, an embodied AI company, completed its shareholding restructuring on April 9. Earlier this year in February, the company announced completion of its Series B financing round with over RMB 1 billion raised, bringing its valuation above RMB 10 billion.