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China

GeniTech secures over CNY 2.2 billion from first equity financing round

Mar 02, 2026

On February 26, GeniTech Co., Ltd. (GeniTech), a NIO chip subsidiary, secured over CNY 2.2 billion from the first equity financing round, lifting its post-money valuation to nearly CNY 10 billion. A number of top industrial players invested in the financing.
The proceeds will support GeniTech in continuously developi....

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