According to Jiemian News, Chinese AI model company Jie Yue Xingchen completed a funding round of approximately $2.5 billion on May 8, with industry partners including Huaqin, Longqi, OmniVision, and ZTE, as well as Hong Kong Investment Management Company (HKIC). The company has also removed its VIE structure, a key pre-IPO step. Corporate filings show the company completed its restructuring from a limited liability company to a joint-stock company in April.
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