On May 29th, ZeStone Technology officially declared the successful closure of its initial tranche of pre-IPO funding, amassing hundreds of millions of yuan. This funding round saw participation from a diverse group of investors, including four institutional entities as well as individual investors, notably Jiawo Capital and Fosun Hony Capital. Prior to this, the company had already finalized the second and third tranches of its Series C+ funding round by the end of March and mid-May, respectively. Both Jiawo Capital and Fosun Hony Capital have voiced their confidence in ZeStone Technology's growth prospects within the domestic storage industry and have pledged their support to expedite the process of domestic storage substitution.
