FangQing Technology has successfully wrapped up its Series A1 funding round, achieving a valuation that exceeds 10 billion yuan. This funding initiative was spearheaded by Xuhui Capital and Zhuhai Science and Technology Industry Group, drawing support from a variety of institutions as well as current shareholders. The capital garnered will be channeled into the research and development endeavors of proprietary chips and systems, facilitating large-scale production, fostering the construction of a robust software ecosystem, and attracting top-tier talent to the team.