JBD (officially known as Shanghai Xianyao Display Technology Co., Ltd.) has recently made a significant announcement regarding the successful completion of its B2 round financing. The amount raised in this round exceeds a staggering 1 billion yuan, marking a new global benchmark for single-deal financing within the Micro LED microdisplay industry. This financing endeavor was spearheaded by Hundun Investment and CITIC Goldstone, with notable contributions from a diverse array of institutions.

It's worth mentioning that just this August, the company concluded its B1 round financing, which garnered several hundred million yuan. The fresh influx of capital from the B2 round is earmarked for expediting technological advancements and product upgrades. Additionally, it will fuel efforts to foster the collaborative development of a consumer-grade AR ecosystem and transform these initiatives into robust industrialization capabilities on a large scale. As JBD approaches its 10th anniversary in 2025, its Micro LED products have already found their way into approximately 50 smart glasses models across the globe.