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Source: Ryanben Capital

According to 36Kr, Beijing May Day Vision Digital Twin Technology Co., Ltd. (hereinafter referred to as "51WORLD") recently completed a Pre-IPO round of financing of 200 million yuan.

It is reported that 51WORLD has hired two leading securities firms as joint sponsors and plans to be listed on the main board of the Hong Kong Stock Exchange under Chapter 18C in the near future.

51WORLD, from Beijing, was founded in 2015. Based on 3D graphics, physical simulation and AI technology, the company provides customers with one-stop digital twin products and solutions. Since 2017, the company has proposed the "Earth Cloning Plan", which is to create a super-large simulation simulator by replicating the earth in the virtual world.

51WORLD has gone through several rounds of financing, and its investors include Lightspeed, Tujia, Contemporary China Holdings, Microwood Capital, Contemporary Technology, SenseTime, Star VC, Lightspeed Venture Partners, Greenmind Investment, Pine Valley Bank, SPD Silicon Valley Bank, China Merchants Securities, Cloud Nine Capital, Oriental Pearl Media Industry Fund, and Nanning Huanxin Capital.

At present, there are three companies that have submitted listing applications through Chapter 18C of the Hong Kong Stock Exchange Listing Rules, which specifically targets special technology companies. Two of them have been listed (Jingtai Technology and Heizhima Intelligent), and one is in the process of listing (Yuejiang Robotics).

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