"Xinlian Power" has completed a Series C financing of nearly 2 billion RMB, with a valuation of 2 billion US dollars.

On November 2, compound semiconductor enterprise "CoreUnite Power" announced that it has completed Series C financing of nearly 2 billion RMB. This round of financing is led by China Mobile Industrial Chain Leader Fund, with joint investment from strategic investors including Inspur Information, Yuanjing Capital, Sinopec Hydrogen Energy Fund, Naura Novax Capital, Jiangfeng Electronics, Changzhou Xingyu, Cathay Capital, Puzo Capital, CCB Equity Investment, CITIC Goldstone, CITIC Securities, Yinheyuanhui, etc. After the completion of this round of financing, the valuation of CoreUnite Power has reached 2 billion US dollars, and the company's shareholders cover industrial capital from sectors including communications, computing power, power grid, new energy and automotive.