Core Viewpoint - The article discusses the recent developments of Muxi, including a 20% workforce reduction, significant contract acquisitions totaling 1.488 billion RMB, and the implications for its upcoming IPO prospects [1][2][6]. Group 1: Workforce Reduction - Muxi is initiating a layoff plan affecting approximately 200 employees, which constitutes about 20% of its total workforce of around 900 [2]. - Industry insiders suggest that this move is aimed at increasing the likelihood of a successful IPO, noting that pre-IPO layoffs are not uncommon [3]. Group 2: Revenue Growth - Muxi has made progress in revenue generation, securing two contracts within a month that total approximately 1.488 billion RMB [4][6]. - The contracts include various technology and AI-related services, indicating a strong demand for Muxi's offerings [4][5]. Group 3: Financing and IPO Progress - Prior to initiating the IPO process, Muxi completed a financing round of approximately 2 billion RMB, with the transaction finalized in December 2024 [6]. - The combination of new financing, substantial orders, and cost-cutting measures positions Muxi favorably for its IPO ambitions [6].