Zhiyuan Launches New Financing Round, Valuation at 50 Billion Yuan, IPO Delayed

Zhiyuan Innovation has initiated a new round of financing, raising approximately 1 to 1.5 billion yuan, with a latest valuation of around 50 billion yuan. In July 2026, Zhiyuan announced the preparation for its listing on the Hong Kong Stock Exchange, expecting to go public as early as August, with a target valuation of 40 to 50 billion Hong Kong dollars. According to the Hong Kong Stock Exchange requirements, companies applying for listing must complete new financing at least 120 days after submitting their application before they can go public, which means Zhiyuan will not be able to complete its IPO within this year. A relevant person in charge of Zhiyuan did not respond to this matter.

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