Dark Side of the Moon recently completed Series C financing of 500 million US dollars. IDG led an investment of 150 million US dollars. Old shareholders such as Ali, Tencent, and Wang Huiwen oversubscribed and were valued at 4.3 billion US dollars after the investment. According to information, Wang Huiwen has invested a total of 70 million US dollars in the dark side of the month. “They only spent less than two months back and forth, which is overfinancing.” A person close to the dark side of the Moon said that the primary market's enthusiasm for the company exceeded expectations. On December 31, Yang Zhilin, founder and CEO of Dark Side of the Moon, issued an internal letter stating that the company has cash reserves of over RMB 10 billion. This scale is no less than that of Smart Spectrum and MiniMax after the IPO: As of June 2025, Smart Spectrum had 2.55 billion yuan in cash, and the IPO is expected to raise about 3.8 billion yuan. As of September 2025, MiniMax has 7.35 billion yuan in cash, and the IPO is expected to raise 3.4 billion to 3.8 billion yuan. According to the above sources, this means that the dark side of the moon “can go without rushing to an IPO.”

Dark Side of the Moon recently completed Series C financing of 500 million US dollars. IDG led an investment of 150 million US dollars. Old shareholders such as Ali, Tencent, and Wang Huiwen oversubscribed and were valued at 4.3 billion US dollars after the investment. According to information, Wang Huiwen has invested a total of 70 million US dollars in the dark side of the month. “They only spent less than two months back and forth, which is overfinancing.” A person close to the dark side of the Moon said that the primary market's enthusiasm for the company exceeded expectations. On December 31, Yang Zhilin, founder and CEO of Dark Side of the Moon, issued an internal letter stating that the company has cash reserves of over RMB 10 billion. This scale is no less than that of Smart Spectrum and MiniMax after the IPO: As of June 2025, Smart Spectrum had 2.55 billion yuan in cash, and the IPO is expected to raise about 3.8 billion yuan. As of September 2025, MiniMax has 7.35 billion yuan in cash, and the IPO is expected to raise 3.4 billion to 3.8 billion yuan. According to the above sources, this means that the dark side of the moon “can go without rushing to an IPO.”