Shanghai-based AI-chip startup reportedly completes A1 round at valuation above RMB10 billion

Fangqing Technology (our translation of 昉擎科技) has reportedly completed an A1 financing round at a valuation above RMB10 billion, according to a report published on Aug. The available information does not establish the round size, investor lineup or use of proceeds, so the development should remain framed as reported rather than confirmed. [ 21st Century Business Herald , in Chinese]