Step Star is currently undergoing a new round of financing exceeding 500 million US dollars.

It is reported that the large model company Jieyue Xingchen is undergoing a new round of financing, with the expected amount exceeding 500 million US dollars, which may become the largest financing in the large model industry in 2025. Investors include Shanghai State-owned Capital Investment Co., Ltd. and other strategic investors. At today's Jieyue Step 3 Big Model Conference, Shanghai State-owned Capital Investment Co., Ltd. and Jieyue Xingchen held a strategic cooperation signing ceremony, announcing that the two parties will conduct comprehensive and in-depth cooperation on strengthening capital connections, ecological business cooperation, and other aspects. The Shanghai State-owned Capital Investment Co., Ltd. ecosystem will participate in Jieyue Xingchen's latest round of financing. Previously, Jieyue Xingchen had completed a Series B round of financing amounting to hundreds of millions of dollars, with participation from state-owned enterprises, strategic investors, and financial investors.