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On August 5th, PAXY, a smart device and sensor company, completed a new round of Series A financing with leading investment from Jingdong, with additional investments from Pu Yaoye, Hongzhao Fund, Zhang Keyaokun, and many other institutions. Geng Xin Capital China acted as the exclusive strategic financial advisor. PAXY is the 6th smart device-related company invested in by Jingdong in the past 3 months. Not only Jingdong, but also Alibaba, Meituan, Tencent, and other internet giants have been frequently investing in the smart device field. Investing in smart devices has become a battleground for the giants in the era of artificial intelligence (AI). (Securities Times)
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