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On August 19, Space-Time Intelligent Technology Co., Ltd.ChihiroLocation Networks Ltd. announces completion of new round of strategicFinancing, will further strengthen the construction of full-link products and technology systems for space-time intelligence to continue to strengthen its leading position in the field of space-time intelligence.

It is reported that this round of financing was funded by Beijing Information Industry DevelopmentInvestment FundsThe company was led by Shanghai Shuyu Dingyuan Investment Fund, Beijing Dongcheng District Science and Technology Innovation Industry Investment Fund, and Qingdao Zhonghe Xingyao Venture Capital Fund. The company's overall valuation has exceeded RMB 16 billion.

Qianxun Location CEO Chen Jinpei said that this round of financing will be used to further strengthen Qianxun Location's investment in the full-link product and technology system of space-time intelligence, including low-altitude economy, vehicle-road-cloud integration, intelligent driving, space-time chips, etc., and at the same time strengthen the development of the cooperative ecosystem to better promoteBeiDouAnd spatiotemporal intelligence is applied on a large scale in all walks of life.

According to the data, Qianxun Location was jointly founded by China North Industries Group Corporation and Alibaba Group in August 2015, and successively introduced state-owned shareholders and social capital such as Shanghai International, ICBC Investment, Guofeng Investment, Gaoliang Qihang, Beidou Qixing Investment, and Moganshan High-tech Pilot in the A round of financing and subsequent equity adjustments. The company is responsible for the construction and operation of the national Beidou ground-based augmentation system. It is a typical mixed-ownership enterprise that fully utilizes the advantages of all shareholders and is also the national team of the Beidou industry. (Dingxi)

This article is from NetEase Technology Report. For more information and in-depth content, follow us.