Core Viewpoint - Hangzhou Xunyi Network Technology Co., Ltd. has completed a C+ round financing of several tens of millions of yuan, aimed at accelerating product development and expanding market networks [1] Group 1: Financing Details - The recent financing was jointly funded by Hangzhou Low-altitude Industry Development Co., Ltd. and Zigong General Aviation Industry Development Equity Investment Fund Partnership [1] - Hangzhou Low-altitude Company is a wholly state-owned enterprise under Hangzhou Shiji Group, established in May 2024 [1] - The Zigong fund is primarily focused on investments in the general aviation industry [1] Group 2: Company Background - Xunyi Technology was founded in 2015 and is a startup in the low-altitude logistics sector [1] - The company received the world's first trial operation approval for urban drone logistics from the Civil Aviation Administration of China in 2019 [1] - Xunyi Technology's services have expanded to over 50 cities nationwide [1] Group 3: Future Plans - The financing will be used to open 6 to 8 consumer drone delivery routes in downtown Hangzhou [1] - The collaboration with Hangzhou Low-altitude Company aims to explore urban medium to long-distance logistics delivery models [1]

Core Insights - Hangzhou Xunyi Network Technology Co., Ltd. has recently completed a C+ round financing of several tens of millions of yuan, with investments from Hangzhou Low-altitude Industry Development Co., Ltd. and Zigong General Aviation Industry Development Equity Investment Fund Partnership [1] Company Overview - Xunyi Technology, established in 2015, is a startup in the low-altitude logistics sector and has received the world's first urban drone logistics trial operation approval from the Civil Aviation Administration of China in 2019 [1] - The company has expanded its operations to over 50 cities across China [1] Investment Details - The financing will primarily be used to accelerate product research and development as well as to expand market networks [1] - The two investors are state-owned entities, with Hangzhou Low-altitude Company being a wholly-owned subsidiary of Hangzhou Shiji Group, and the Zigong fund focusing on general aviation industry investments [1] Future Plans - Hangzhou Low-altitude Company plans to collaborate with Xunyi Technology to launch 6 to 8 consumer drone delivery routes in downtown Hangzhou, exploring urban mid-to-long distance logistics delivery models [1]