# Stepfun raises RMB 150 million in equity financing

On 2026-05-25, according to Xiniu Data, Stepfun completed equity financing, raising RMB 150 million. Investors were Miaohuizhan. The company is a developer and application provider of general-purpose AI large models.



Canonical: https://uniquebase.ai/news/80115b35-bd6b-42c7-bf8c-0730f9c5f434
Stable identifier: 80115b35-bd6b-42c7-bf8c-0730f9c5f434
Snapshot captured: 2026-10-20T18:19:32.670Z
English updated: 2026-10-20T18:21:37.555Z

## Connected profiles

- [Miaohuizhan](/institutions/miaohuizhan)
- [Stepfun](/companies/jieyuexingchen)

## Sources

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