Xirui Technology: It is expected to complete the third round of financing within this quarter.

It was learned from Xirui Technology, an intelligent sleep brand under the technology ecosystem of Dreame Technology, that the company expects to complete its third round of financing within this quarter, and its valuation will exceed 2 billion yuan at that time. Xirui Technology announced the completion of nearly 100 million yuan in Pre-A round financing in September last year, with its valuation exceeding 1 billion yuan. CAI Yanming, President of Xirui Technology, said that the funds from the latest round of financing will be mainly used for market channel expansion and global market layout. The company will expand into markets such as North America, Singapore, Malaysia, Indonesia, and Thailand in the first half of the year, and will target the Middle East, Africa, and Europe in the next stage. It is expected that the overseas market business scale will reach about 80% by the end of this year. (Jiemian)