Core Viewpoint - Shanghai JBD Display Technology Co., Ltd. has successfully completed a B2 round financing exceeding 1 billion RMB, setting a new record for single financing in the global MicroLED micro-display sector [2][3]. Financing Details - The B2 round was led by Chaos Investment and CITIC Jinshi, with participation from various investors including CITIC Securities International Capital, CITIC Securities Investment, and others [5]. - This financing follows a previous B1 round completed in August, which raised several hundred million RMB for R&D, capacity expansion, talent acquisition, and ecosystem collaboration [6]. Use of Funds - The funds from the B2 round will primarily accelerate innovation and product iteration in Micro LED micro-display technology, and promote the co-construction of a consumer-grade AR ecosystem [6]. Technological Advancements - JBD has over ten years of experience in the Micro LED micro-display field and is one of the early companies to achieve large-scale production of this technology [6]. - The company has made significant technological progress this year, including the launch of the new generation color light engine "Hummingbird II," which is compact and lightweight, overcoming traditional design limitations for AR glasses [6]. - In October, JBD released the flagship platform "Roadrunner," achieving a breakthrough in pixel pitch at 2.5 micrometers, enhancing light efficiency, energy consumption ratio, and image quality [8]. Market Application - JBD's Micro LED products are currently used in nearly 50 models of smart glasses globally, indicating a strong market presence [6].