Xiri Technology: Expected to complete the third round of financing within this quarter.

On March 15th, the 41st Shenzhen International Furniture Fair officially opened at the Shenzhen Convention and Exhibition Center. Interface News learned from the intelligent sleep brand Xierui Technology under the pursuit of technology ecology that the company is expected to complete the third round of financing within this quarter, with an estimated valuation of over 2 billion yuan. Xierui Technology announced the completion of nearly 100 million yuan Pre-A round of financing in September last year, with a valuation exceeding 1 billion yuan. Xierui Technology President Cai Yanming stated that the funds from the latest round of financing will mainly be used for market channel expansion and global market layout. In the first half of the year, they will expand into markets such as North America, Singapore, Malaysia, Indonesia, and Thailand. In the next stage, they will expand into the Middle East, Africa, and Europe markets, and it is expected that the scale of overseas market business will reach around 80% by the end of this year.