Shanghai Magic Link Technology has completed financing of tens of millions of yuan to accelerate the construction of Agent Internet infrastructure.
Shanghai, March 9, 2026 —— Shanghai Magic Union Technology Co., Ltd. announced today that it has completed a financing of tens of millions of yuan. The investment was jointly made by unicorn enterprise Pinpianyi and a fund under the well - known institution "Dingding Innovation". The funds will be used for the R & D of Agent Internet products and business expansion.
Magic Union Technology positions itself as an "Agent Internet infrastructure service provider" and has released the ACP protocol (Agent Communication Protocol), which defines the communication standards for the Agent Internet and provides a standardized interaction and collaboration foundation for heterogeneous AI agents across platforms and architectures.
The company is composed of the original team of PPS Network TV. Lei Liang, the CEO, founded PPS in 2005, which had hundreds of millions of registered users and was sold to Baidu for hundreds of millions of dollars in 2013. After that, he founded Guanghe Venture Capital and became an angel investor. "We have witnessed the two waves of the PC Internet and the mobile Internet. Now, we are at the starting point of the 'Agent Internet'. The mission of Magic Union Technology is to build the most fundamental and universal infrastructure for this brand - new network. Just as the TCP/IP protocol gave rise to the Internet revolution, we hope that the ACP protocol will promote the accelerated development of the 'Agent Internet'," Lei Liang said.
This round of financing brings together the dual forces of industry leaders and top venture capital institutions, indicating the market's high recognition of the AI infrastructure track. Hangzhou Pinpianyi Network Technology Co., Ltd., as an intelligent supply - chain platform for fast - moving consumer goods, essentially optimizes the entire supply - chain network through the collaboration of algorithmic agents. Xu Yi, the founder of Pinpianyi, said: "Our system is itself a multi - agent collaboration network. Investing in Magic Union is a strategic co - construction, and the ACP protocol is of great value in improving the industrial - level collaboration efficiency."
"Dingding Innovation" was jointly founded in 2006 by well - known global venture capitalists and the first - generation Chinese venture capitalists. It has long been focused on early - stage investment and industrial layout in the field of cutting - edge technology. It manages multiple US dollar and RMB private equity funds and has in - depth industrial insights and investment experience in fields such as artificial intelligence, Web3.0, and life - health technology. Dr. Li Guangxin, the managing partner of the fund, said: "The Magic Union team has both experience in large - scale technology platforms and forward - looking vision. Their vision of the 'Agent Internet' is highly consistent with our judgment on the evolution of the next - generation Internet. The 'infrastructure' path they have chosen is the key to building an ecosystem."
With the maturity of large - model technology, the capabilities of single agents have achieved breakthroughs. The value explosion point of agents lies in the network effect. When hundreds of millions of agents with different professional capabilities can communicate, divide labor, and conduct transactions as conveniently as humans, it will give rise to a brand - new ecosystem and applications that surpass the current mobile Internet. Magic Union Technology is targeting the infrastructure gap on the eve of this explosion. According to industry forecasts, by 2030, the number of active AI agents will reach tens of billions, and the communication, collaboration, and value exchange among them will form a huge new market.