Wuliu Culture completed a financing of over 100 million yuan.

36Kr learned that recently, "Wuliu Culture" announced the completion of hundreds of millions of yuan in financing. This round of financing was jointly led by Cathay Capital and Matrix Partners China, with a strategic investment from Lemongrass Media. Jingshuo TWS and Palm Capital served as financial advisors. The funds will be mainly used for the construction of the IP commercialization system, including expanding IP reserves, upgrading the self-owned supply chain, improving channel layout, enhancing overseas expansion capabilities, and exploring innovation in non-physical derivatives empowered by AI.