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There's a case worth watching. An AI company launched its product in March this year, starting in Wuhan, with two founders both having mainland backgrounds. ZhenFund invested $14 million in the seed round, and during the angel round, the valuation was increased to $50 million. It sounds impressive, but this is just the beginning.
Nine months after the product went live, Meta directly spent billions of dollars to acquire the company. From fundraising to acquisition, the entire process was incredibly fast. What does this reflect? How fierce is the competition in the AI track, how strong is the industry's demand for technology, and how much faster is this industry changing compared to our expectations? A startup that was established not long ago can become a merger and acquisition target for a major tech company in such a short period, indicating that the innovation truly hit the market demand.