Hangzhou Wanxiang Cultural Technology Co., Ltd. (" WanXiang Tech " or “Company”),  a frontrunner in China's virtual content domain, successfully closed an A2 financing round worth tens of millions of RMB. In this funding round, existing shareholder Porsche Ventures increased its investment, and several strategic investment institutions also participated.

CEC Capital acted as the exclusive financial advisor for Wanxiang Tech in this transaction.

The funds from this financing will primarily be allocated for the development of AIGC products and technology. The company has established partnerships with leading brands from various vertical industries, including Porsche and OPPO, maintaining an absolute leadership position in content creation and distribution supported by AI technology.

Founded in 2019, WanXiang Tech pioneers the development of AIGC interactive experience products, catering to the diverse needs of users across various terminal categories. Leveraging mature interaction technology and the core team's deep expertise in content, marketing, and operations, the company has built a thriving ecosystem of products and operations through efficient distribution and full-lifecycle deployment, continuously exploring the commercialization of virtual content.