Core Insights - Shanghai-based AI startup Jiyue Xingchen is considering an IPO on the Hong Kong Stock Exchange, aiming to raise approximately $500 million (around 3.4 billion RMB) [1] - The company has developed a series of foundational models known as the Step series, recognized for their rapid development and strong multimodal capabilities [1][2] - Jiyue Xingchen has recently completed a B+ round of financing exceeding 5 billion RMB, marking the highest single financing record in the Chinese large model sector over the past 12 months [2] Company Overview - Jiyue Xingchen was founded in April 2023 and is led by a team of industry experts, including CEO Jiang Daxin, a former Microsoft global vice president, and chief scientist Zhang Xiangyu, a top AI algorithm scientist [1] - The company has released three generations of foundational large models, with Step 3 achieving industry-leading inference efficiency [2] Strategic Developments - In January 2024, Jiyue Xingchen appointed Yin Qi, chairman of Qianli Technology, as its chairman to oversee strategic direction and technology development [3] - The company is focusing on the "AI + terminal" strategy, with significant investments in automotive, mobile, and IoT applications, as well as collaborations in finance, content creation, and retail [4] Market Context - Jiyue Xingchen's potential IPO follows the recent listings of other large model companies, including Zhiyu Technology and MiniMax, positioning it to become the third large model company to go public in China [4]
大模型“卷王”阶跃星辰计划港股IPO?印奇刚任董事长
Sou Hu Cai Jing·2026-02-26 02:29