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On October 26, 2026, Beijing-based AI Token production service provider Qunjing Technology announced the completion of over 1.3 billion yuan in Series B financing, jointly led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, and Zhongguancun Science City, with participation from SenseTime, Wangsu Science & Technology, and others. According to a same-day report by Zhidongxi, Qunjing Technology has raised a cumulative 2.4 billion yuan this year, with the funds to be directed toward AI Token capacity expansion, ATaaS platform upgrades, and research and development of underlying inference technologies; the company says its average daily output of high-quality AI Tokens has grown more than a hundredfold to the trillion scale. On October 27, a 36Kr·AI report added that Qunjing Technology states its overall business has crossed the cost line, and that it adopts a co-operation model combining direct sales with locally co-built Token factories, though it did not disclose financial data by business segment. There are currently no reports of further financing progress or updates to operating data.
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Oct 27
36Kr · AI
Qutjing Technology Completes Over 1.3 Billion Yuan Series B Financing, Breaking Down Two Token Factory Accounting Models Against SiliconFlow's -24% Gross Margin
Beijing Qutjing Technology has completed over 1.3 billion yuan in Series B financing, jointly led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment and others, with SenseTime, Wangsu Science & Technology and others participating, and the company states that its overall business has crossed the cost line. The article compares this with the prospectus data of SiliconFlow, which has filed with the Hong Kong Stock Exchange: its 2025 revenue was 55.33 million yuan, its loss was 345 million yuan, and its gross margin fell from 39.4% in 2024 to -24%. It points out that Qutjing is taking another path through a co-operation model combining direct sales with jointly building Token factories with local governments, but its segment financial data has not been disclosed.
Oct 26
QbitAI
Qutrunk Technology Completes Over 1.3 Billion Yuan Series B Financing; Average Daily Output of High-Quality AI Tokens Grows Over 100-Fold in Half a Year
Qutrunk Technology, a high-quality AI Token production service provider, has completed a Series B financing round of over 1.3 billion RMB, raising a cumulative 2.4 billion RMB within this year. Within half a year, its average daily output of high-quality AI Tokens has grown more than 100-fold, climbing to a scale of over one trillion, and its business revenue for the year has reached nearly ten times that of the entire previous year. Following a "fewer models, deeper optimization, high quality" approach, the company is advancing the implementation of technologies such as domestic PD heterogeneous collaboration, and has already put into operation a Token production capacity project with a daily average of trillions of Tokens.
Shanghai Observer
Approaching.AI Completes Over RMB 1.3 Billion Series B Financing, Using Domestic Compute to Produce High-Quality AI Tokens
Approaching.AI has completed a Series B financing round of over RMB 1.3 billion, raising a cumulative RMB 2.4 billion within this year. The funds will be directed toward expanding high-quality AI Token production capacity, upgrading and iterating the ATaaS platform, and R&D on underlying inference technologies. The company adheres to a "fewer models, deep optimization, high quality" approach and has already established in-production projects with daily Token production capacity in the trillions, with its overall business crossing the cost line. Its solutions such as "domestic PD heterogeneous collaboration" have already carried trillion-level leading large models on domestic chips in real production environments, with overall cost-effectiveness surpassing the world's most advanced compute.
Wallstreetcn
Approaching.AI Completes Over 1.3 Billion Yuan Series B Financing, Raising a Cumulative 2.4 Billion Yuan This Year
High-quality AI Token service provider Approaching.AI has completed a Series B financing round of over 1.3 billion yuan, bringing its cumulative fundraising this year to 2.4 billion yuan. This round was co-led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, and others. The funds will be directed toward expanding high-quality AI Token production capacity, upgrading and iterating the ATaaS platform, and R&D of underlying inference technologies. The company says it has already carried trillion-level leading large models on domestic chips in real production environments, and has established partnerships with companies including SenseTime, Moore Threads, and MetaX.
Zhidongxi
Qujing Technology Completes Over 1.3 Billion Yuan Series B Financing, Raising a Cumulative 2.4 Billion Yuan This Year
Beijing-based AI Token production service provider Qujing Technology has completed over 1.3 billion yuan in Series B financing, jointly led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, and others, raising a cumulative 2.4 billion yuan this year. The funds will be directed toward expanding AI Token production capacity, upgrading the ATaaS platform, and R&D on underlying inference technologies. Qujing says its daily output of high-quality AI Tokens has grown more than a hundredfold to the trillion level, and that it runs trillion-parameter large models on domestic chips through solutions such as domestic PD heterogeneous collaboration.
Leiphone
Approaching.AI Completes Over 1.3 Billion Yuan Series B Funding; Average Daily AI Token Output Grows Over 100-Fold in Half a Year
Approaching.AI has completed a Series B funding round of over 1.3 billion RMB, bringing its cumulative fundraising this year to 2.4 billion RMB, jointly led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, Xinglian Capital, and Qianjiang Century City. The company says that within half a year its average daily output of high-quality AI Tokens has grown more than 100-fold, climbing to the trillion-plus scale, and that its business revenue this year has reached nearly ten times last year's full-year figure; the funds will go toward expanding Token production capacity and upgrading the ATaaS platform. Approaching.AI advances inference technologies such as domestic PD heterogeneous collaboration under a "fewer models, deep optimization, high quality" approach, and its team led the launch of KTransformers and participates in the co-building of Mooncake.
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