1. PixelPlaygroundHome
  2. Blockchain Briefs

Meituan founder Wang Xing invests in AI start-up “Beyond Light Years”

• Blockchain Briefs • 167 views

On March 8, Wang Xing, the founder of Meituan, said in a circle of friends that Wang Xing would personally participate in the A-round investment of Wang Huiwen…

Meituan founder Wang Xing invests in AI start-up Beyond Light Years

On March 8, Wang Xing, the founder of Meituan, said in a circle of friends that Wang Xing would personally participate in the A-round investment of Wang Huiwen’s start-up company “beyond light years” and serve as a director. Wang Xing said in his circle of friends, “The AI model makes me both excited about the huge productivity that will be created and worried about its impact on the whole world in the future. Lao Wang and I have been on the road of entrepreneurship for nearly 20 years. Since he is determined to embrace this big wave, I must support it.” According to public reports, Wang Huiwen announced the establishment of Beijing Guangnian Beyond Technology Co., Ltd. in February this year, with a contribution of 50 million dollars and a valuation of 200 million dollars, Own funds account for 25% of the shares. Wang Huiwen once said on the social platform that “China OpenAI should be built”.

Wang Xing will personally participate in Wang Huiwen" Light years away" Round A investment and director

Analysis based on this information:


In March 2021, Wang Xing, founder of Meituan, announced on his circle of friends that he would personally participate in the A-round investment of Wang Huiwen’s start-up company “Beyond Light Years” and will serve as a director for the company. This move by Wang Xing is significant, given that he is known as an influential figure in China’s technology industry.

Wang’s reason for investing in the company lies in his excitement over the productivity that will be created by the AI model. However, he is also worried about the impact it may have on the world in the future. Given that Wang and Wang Huiwen have been on the road of entrepreneurship for almost two decades, Wang Xing is determined to support his friend’s venture.

Wang Huiwen’s start-up company, Beyond Light Years, was established in Beijing in February 2021, with a contribution of 50 million dollars and a valuation of 200 million dollars. The company’s own funds account for 25% of the shares. Wang Huiwen has previously expressed his desire to build “China OpenAI.”

The investment in Beyond Light Years by Wang Xing is also significant as Chinese start-ups are facing challenges in raising funds due to the new regulations that have been implemented by the Chinese government. Despite the challenges, Wang Huiwen’s start-up has received significant funding, which is a testament to the company’s potential.

In conclusion, Wang Xing’s personal investment in Beyond Light Years is a significant move that shows his belief in the potential of the company. The AI industry is rapidly growing, and Beyond Light Years’ focus on building “China OpenAI” could position them to be a player in the industry. With his investment, Wang Xing is showing his support for his friend and his belief in the future of the AI industry.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/9086/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/08/2023 08:25
Next 03/08/2023 08:50

Recommended articles