HK Stock Market Move | MEITUAN-W(03690) rose more than 4% with 3D modeling company Yingmou Technology completing its Series A investment with lead investment from Meituan Longzhu and others.

MEITUAN-W (03690) rose more than 4%, as of the time of writing, it had risen by 4.37% to 143.5 Hong Kong dollars, with a turnover of 1.11 billion Hong Kong dollars. On the news front, on January 13th, it was reported that 3D model company Qimou Technology completed tens of millions of dollars in Series A financing. This round of financing was led by Meituan Longzhu and ByteDance, with existing shareholders Sequoia Capital China Seed Fund and Qiji Chuangtan also participating. Guan Yuan Capital served as the exclusive financial advisor. This financing will be used to further advance Qimou Technology's exploration of 3D large models, and to promote the commercialization of the Hyper3D series products globally, with Rodin, a 3D-generated large model, at its core. It is reported that 45 days after its launch, Rodin has already achieved $1 million in annual recurring revenue (ARR).