Startup cinese di modelli fondazionali large-scale (large model)
| Date | Round | Amount |
|---|---|---|
| Jan 2026 | Series B StepFun closed a B+ round of over RMB 5 billion (~$718M) with Shanghai state and industrial funds and follow-on from Tencent, Qiming and 5Y Capital: the largest single raise in China's large-model sector in 12 months. | $718M |