# StepFun

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.

NeMo2026年1月26日 04:30

#StepFun#Qianli Technology#Yin Qi

Full body of calm Asian woman with hairstyle in red dress and gloves sitting with hand fan on stairs and looking at camera on street in daytime

Technology

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.

NeTe2026年1月26日 04:10

#Yin Qi#StepFun#foundation model