On April 7th, Mianbi Intelligent completed a new round of financing worth hundreds of millions of RMB, led jointly by Shenzhen Innovation Investment Group and Inovance, with follow-on investments from Daohe Long-term Investment, Guotai Junan Innovation Investment, and Wuyuefeng Science and Technology Innovation. Earlier this year, Mianbi Intelligent completed a financing round led by CHINA TELECOM, and it is reported that the company's cumulative financing scale in the first quarter is expected to exceed 1 billion RMB