Step Astronomy to Complete $2.5 Billion Financing and Move Towards Hong Kong IPO
Chinese AI startup Stepfun plans to close a $2.5 billion funding round after dismantling its VIE structure, with backing from industry players including Huaqin, Longcheer, OmniVision, and ZTE across manufacturing and core components. This move reflects the trend of AI models shifting to edge devices, boosting investor confidence. The company completed its shareholding reform in April, transitioning from a limited liability to a joint-stock compan....
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