"Alibaba's youngest P10" Lin Junyang starts a business: Pragmatic technology settles in Modus Space, valuation exceeding 10 billion yuan.

On the same day, he announced the establishment of Pragmatik Labs in Shanghai, settling in the Moso Space, with a research focus on next-generation agents that span the digital and physical worlds. Gaorong Capital and Sequoia China jointly led the investment, with support from Tencent and the Shanghai Future Industry Fund. It is reported that the valuation of Pragmatik Technology has exceeded 10 billion yuan.