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On July 29, in response to reports of its first external equity financing, OceanBase stated that the company is fully committed to data technology and product innovation in the AI era and will continue to maintain open communication with the capital markets. Regarding the financing scale, investors, and specific progress, OceanBase did not provide further disclosure. Earlier media reports indicated that OceanBase is in discussions for its Series A financing and has engaged with several leading investment institutions, targeting a financing scale of approximately RMB 2 billion to 3 billion. Sources familiar with the matter revealed that the financing aims to enhance OceanBase's independent operational capabilities and support its expansion into the AI data platform sector.
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