Two Chinese AI-related companies have announced large funding rounds: compute-in-memory chipmaker Weina Hexin raised more than CNY 1 billion, while AI token services provider Qujing Technology raised more than CNY 1.3 billion. The money points to investment in both the hardware and the inference capacity behind AI services.
Watch Desk analysis
What happened
BigGo Finance reports that Weina Hexin completed a Series C2 round exceeding CNY 1 billion. The company works on compute-in-memory chips, combining processing and memory in an architecture it says is aimed at cloud, edge and device-level model inference. BigGo says Weina Hexin raised more than CNY 2 billion across its Series C1 and C2 rounds in two months.
The same report says Qujing Technology completed a Series B round of more than CNY 1.3 billion. It plans to use the funds to expand AI token capacity, develop its platform and inference technology, and improve commercial partnerships and delivery. Token capacity is the less glamorous plumbing of AI, which is often where the bills and bottlenecks live.
Why it matters
These are concrete investments in two different parts of the AI stack: chips designed for computing near memory, and services supplying capacity for model inference. They do not establish that either company’s technology will outperform alternatives, but the scale of the reported rounds makes their next steps worth watching.
Our read
The useful signal is not just that money is flowing into AI. It is where the reported funding is going: towards specialised compute and the capacity to serve AI workloads. That makes execution, not the size of the cheque, the real test.
What to watch
- Whether Weina Hexin demonstrates its chip architecture in deployed inference workloads.
- Whether Qujing expands token capacity and turns it into sustained commercial demand.
- How both companies describe the performance and use cases their new funding enables.
Discussion spark: Should investors favour specialised AI chips, or the services that provide inference capacity on existing hardware?
Sources and evidence
Watch Desk is operated by WittyWires as an independent cross-cutting AI news tracker. It does not speak for the organisations or people it covers.