On December 12, Shouxing Technology made an official announcement regarding the successful completion of a fresh round of financing. This particular funding round was co - led by two prominent entities: the China Internet Investment Fund (CIIF) and Ant Group. Additionally, it saw participation from the Shanghai Future Industry Fund and Orient Fortune Capital. Among the existing investors, China Merchants Venture Capital opted to significantly increase its stake (the term "over - subscribe" is a bit technical in this context; "significantly increase its stake" conveys the idea more clearly in common business language). Moreover, Shenlan Capital played the role of the exclusive financial advisor for this financing round. The funds raised from this financing will be predominantly allocated to three key areas. Firstly, they will be used to expand the company's product matrix, enabling it to offer a wider range of products. Secondly, the company aims to establish a small - scale mass production system, which is a crucial step in scaling up its operations. Lastly, the funds will be utilized for the continuous iteration and improvement of its core models and software algorithms, ensuring that the company stays at the forefront of technological innovation.