ChainCatcher report: Tsinghua-affiliated AI infrastructure company Wuwen Xinqiong has completed a C-round funding of RMB 2.3 billion, bringing its total funding to RMB 4.3 billion. Founded in 2023, the company does not develop chips or build its own data centers; instead, it integrates computing power from various chips—including Huawei Ascend, NVIDIA, and AMD—through software to provide large model training and inference services to clients. Developers can directly access models via API without needing to deploy them themselves. Bloomberg, citing sources on October 1, reported that Wuwen Xinqiong has secretly submitted an application for listing on the Hong Kong Stock Exchange, with a potential listing as early as the first half of 2027 and a pre-IPO valuation of approximately RMB 14.3 billion.
AI infrastructure firm Wuwen Xiong completes C-round financing of 2.3 billion.
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Summary
AI and crypto news firm Wuwen Xiong, affiliated with Tsinghua University, has secured C-round funding of 2.3 billion, bringing its total capital raised to 4.3 billion. Founded in 2023, the firm provides AI model training and inference via API, aggregating computing power from Huawei, NVIDIA, and AMD. Bloomberg reports that the company has filed for a Hong Kong IPO, with a pre-IPO valuation of 14.3 billion. Inflation data trends may influence investor sentiment ahead of its potential 2027 listing.
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