Zhiyuan launches new funding round at a valuation of 50 billion yuan, IPO put on hold.

PANews October 13 news, according to Caijing Magazine, embodied intelligence unicorn company Zhiyuan Innovation recently launched a new round of financing, with a financing amount of approximately RMB 1 billion to RMB 1.5 billion. This round of financing is nearing completion, with a latest valuation of approximately RMB 50 billion. In July 2026, Zhiyuan announced the launch of preparations for a Hong Kong stock listing. At that time, an investor said Zhiyuan was expected to be listed as early as August, with a target valuation of HKD 40 billion to HKD 50 billion. According to the relevant requirements of the Hong Kong Stock Exchange, if a listing applicant completes new financing after submitting its application and before listing, unless a special exemption is obtained, the listing applicant must wait until 120 days after the completion of the financing before it can be listed for trading. The aforementioned investor said that the new round of financing means Zhiyuan cannot complete an IPO (initial public offering) within this year. Regarding the new financing, valuation, and IPO progress, the relevant person in charge of Zhiyuan said there is no response for the time being. (Caijing Magazine) Collapse