Nuwa Fusion has completed a 700 million yuan angel round of financing.

On April 10th, according to Gao Rong Ventures, China's first high-tech innovation enterprise focusing on research and industrialization of miniaturized, distributed, and controllable nuclear fusion technology - Nova Fusion Energy Technology Co., Ltd. announced today the completion of a 700 million yuan angel round financing. This round of financing was led by Alibaba as an early investor, with new investors including Meituan Dragon Ball, Hillhouse Capital, ShangQi Capital, Huichuan Venture Capital, Nine Continents Venture Capital, and existing investors such as Junlian Capital, Gao Rong Ventures, and Photosynthesis Capital continuing to invest.