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Beijing Qujing Raises 1.3 Billion Yuan to Expand AI Token Production

Beijing Qujing closed a Series B round exceeding 1.3 billion yuan, approximately $179 to $195 million, to expand its production of AI tokens.

October 26, 2026
Beijing Qujing Raises 1.3 Billion Yuan to Expand AI Token Production

Beijing Qujing Technology Co. closed a Series B funding round worth over 1.3 billion yuan, equivalent to about $179 to $195 million, according to 36Kr.

The round was jointly led by Zhecai Innovation, Xiaoshan Capital, ICBC Investment, Zhongguancun Science City, StarLink Capital and Qianjiang Century City, alongside follow-on investors.

The round brought the total amount raised by the company in 2026 to 2.4 billion yuan; it operates under the brand name Approaching.AI.

The proceeds will be directed toward expanding AI token production capacity, developing its Approaching.AI Token-as-a-Service (ATaaS) platform, and R&D in inference technologies that determine response speed and cost.

What do these terms mean?

Series B Round: A funding round following Series A, typically used to expand production and enter new markets before an IPO or a subsequent round.

AI Tokens: Small units of text processed and generated by the model, used to measure the amount of work consumed by the application.

Token-as-a-Service (ATaaS): A platform that sells AI token production as a service, rather than having each customer build its own infrastructure.

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