Zhang Yimou's metaverse company "Danghong Qitian" has completed hundreds of millions in Series C financing

ChainCatcher News: Beijing Danghong Qitian International Cultural Technology Development Group Co., Ltd. (referred to as "Danghong Qitian") has completed a C round financing of hundreds of millions, jointly invested by Huakong Fund, "China Vision Valley" Industry Fund, NetEase, Guoke Jingdongfang, Citic Century Asset Management, Jiahe Sheng Capital, and Yecao Venture Capital. According to Danghong Qitian's official website, the famous director Zhang Yimou serves as its co-founder and also acts as the artistic director of Danghong Qitian.

Previously, Danghong Qitian announced the completion of a B round financing of hundreds of millions, led by Xiaomi's strategic investment and Jianyin International, with participation from Yecao Venture Capital and Lenovo Venture Capital; in February last year, Danghong Qitian announced the completion of a B+ round financing, with investors including Lakala and the Blueprint Haixing Fund established by BlueFocus as cornerstone investors. In January of this year, Danghong Qitian completed a B++ round financing, with participation from NetEase.