Magic Core Technology Completes 500 Million Yuan Financing, Valuation Approaches 4 Billion Yuan
By: www.panewslab.com|2026/08/19 05:51:00
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Prefer us on GoogleMagic Core Technology has completed a new round of financing of 500 million yuan, with its valuation rising to nearly 4 billion yuan. Over the past eight months, the company has successfully completed four rounds of financing, with investors including state-owned institutions such as Shenzhen Capital Group and Zhejiang Capital Group, as well as industrial capital from Huawei Hubble, Legend Holdings, Fuhang Micro, and Xingrui Capital. Additionally, technology investors such as P7 Dollar Fund, Dinghui Baifu & Longxin Venture Capital, and Tanlan Investment have also participated.
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