# StepFun
Latest news and articles about StepFun
Total: 2 articles found

China’s StepFun Taps Qianli Chief and Raises >RMB5bn to Push Foundation Models into Devices
StepFun has appointed Qianli Technology chairman Yin Qi as its own chairman and closed a B+ round exceeding RMB 5 billion to accelerate development of foundation models and commercialise AI on devices. The funding and leadership change underscore a strategic push in China to embed large models into cars, smartphones, wearables and robots through close hardware partnerships.

Old Guard Returns: Yin Qi’s Dual Chairmanship and a RMB5bn Vote of Confidence Reshape China’s AGI Race
Yin Qi has been appointed chairman of StepFun while retaining the chairmanship of Qianli Technology, as StepFun closes a B+ round exceeding RMB5 billion. The move pairs deep foundation-model R&D with a hardware-centred commercialization strategy — notably automotive — and signals a new phase of consolidation and specialization in China’s AI landscape.