Tencent invested in the AI laboratory founded by Lin Junyang, with a post investment valuation of $2 billion

According to The Information, Tencent has invested $20 million in the AI laboratory founded by Lin Junyang, former head of Alibaba's Qwen. The first round of financing reached hundreds of millions of dollars, with a post investment valuation of approximately $2 billion. Sequoia China and Gaorong Venture Capital each invested $100 million to lead the investment.