Core Insights - JBD has completed a B2 round financing exceeding 1 billion RMB, setting a record for single financing in the global MicroLED micro-display sector [1] - The funds will accelerate JBD's innovation and product iteration in MicroLED technology and promote the construction of a consumer-grade AR ecosystem [1][2] - JBD has been focusing on MicroLED core technology since its establishment in 2015, achieving significant breakthroughs in brightness and power consumption [1][3] Company Developments - JBD launched the "Hummingbird II," the smallest mass-produced color light engine, which features a compact size of 0.2 cubic centimeters and a weight of 0.5 grams, enhancing design flexibility for glasses [3] - The company also introduced the MicroLED 2.5-micron pixel pitch "Cuckoo" platform, which addresses long-standing technical challenges in the industry, paving the way for next-generation light engines [3] - JBD aims to maintain its leading position in global AR near-eye displays and explore new application potentials for MicroLED technology [3] Industry Trends - The integration of AI and AR is accelerating, with consumer-grade AR smart glasses poised for rapid development [2] - MicroLED technology is identified as a key driver for the mass adoption of smart glasses, with significant interest from investment firms in the sector [2] - JBD is recognized as one of the few companies globally to achieve mass production of MicroLED displays and has validated its technology with top-tier clients [2]