Recently, Beijing ENN Fusion Energy Technology Co., Ltd., a company dedicated to hydrogen-boron fusion research, successfully wrapped up its inaugural round (Pre-A) of financing. This milestone achievement catapulted its post-investment valuation to an impressive 10.6 billion yuan, crowning it as the most valuable privately-held enterprise within China's fusion industry. The financing round was spearheaded by Loongson Venture Capital, with CAS Star and Matrix Partners China joining as co-lead investors. Additional participation came from a roster of esteemed investors, including CDH Investments, Cathay Capital, SAIC Motor Capital, Legend Star, China Merchants Investment, and E-Town Industrial Investment. ENN Fusion has announced that the proceeds from this funding will be earmarked for the construction and commissioning of its third-generation spherical torus hydrogen-boron fusion device, dubbed 'Helong-2'. Furthermore, the company aims to refine its core technologies, bolster its team of top-tier talent, and expedite the commercialization process of spherical torus hydrogen-boron fusion technology.