China’s Second Major Foundation Model Investment of 2025: Mianbi Secures New Round of Multi-Hundred-Million RMB Financing
Here is the English version of the content with a “References” section added at the end: China’s Second Major Foundation Model Investment of 2025: Mianbi Secures New Round of Multi-Hundred-Million RMB Financing Mianbi Intelligence has recently completed a new financing round worth several hundred million RMB, marking the second major funding event in China’s large model sector in 2025. The round was co-led by Loongson Capital, CDH Baifu, Zhongguancun Science City Fund, and SAIF Partners. Additional investors included the Beijing Artificial Intelligence Industry Investment Fund and Qiming Venture Partners, with Wanjia Capital serving as the exclusive financial advisor. Company Background and Technology Path Founded in August 2022 and headquartered in Beijing, Mianbi Intelligence’s core team originates from Tsinghua University’s Natural Language Processing Lab, along with talent from leading tech firms such as Alibaba, ByteDance, and Baidu. The company is guided by the principl...