On August 12, Lin Junyang, the technical director of Qianwen Qian, announced that he had founded a new company in Shanghai for pragmatic technology. The research direction is next-generation intelligent devices spanning the digital world and the physical world. At the same time, he revealed that Gao Rong Venture Capital and HSG are jointly leading this round of financing, with support from Tencent and the Shanghai Future Industry Fund. I learned from people familiar with the matter that what Lam Chun-yang calls the “current round of financing” is pragmatic technology angel financing, with a valuation of 2 billion US dollars.

On August 12, Lin Junyang, the technical director of Qianwen Qian, announced that he had founded a new company in Shanghai for pragmatic technology. The research direction is next-generation intelligent devices spanning the digital world and the physical world. At the same time, he revealed that Gao Rong Venture Capital and HSG are jointly leading this round of financing, with support from Tencent and the Shanghai Future Industry Fund. I learned from people familiar with the matter that what Lam Chun-yang calls the “current round of financing” is pragmatic technology angel financing, with a valuation of 2 billion US dollars.