Has promoted VR cinema head display, showing that the company's Rouyu Technology won US$800 million D round of financing

VR Network learned on September 27 that Rouyu Technology has signed cooperation agreements with five major banks, including China CITIC Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, and Ping An Bank, during an event held at the Wuzhou Hotel in Shenzhen. The agreements mark the completion of a portion of Rouyu's D-round equity financing, which has now raised a total of $800 million.

Signing site

According to VR Network, the D-round equity financing for Rouyu Technology amounted to approximately $240 million, with investors such as WARMSUN Holding Group, Hanfu Capital, Shanghai Pudong Development Bank, China Resources Capital, and Tantric Capital participating. In addition, the company secured around $560 million in debt financing from the same group of banks. Dr. Liu Zihong, founder, chairman, and CEO of Joywoo Technology, stated, “Rouyu focuses on the research, development, and sales of next-generation human-computer interaction technology and related electronic products. Our mission is to improve people’s lives through technological innovation. This goal is supported by partnerships with well-known institutions such as China CITIC Bank, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, Ping An Bank, WARMSUN Holding Group, Shanghai Pudong Development Bank, China Shipping Capital, Hanfu Capital, and Tantric Capital. These collaborations will enable us to invest more resources into R&D, production, and sales, accelerating our overall growth.” Founded in 2012, Joysoft Technology started operations in Silicon Valley, Shenzhen, and Hong Kong. The company specializes in three core technologies: the world’s thinnest color flexible display (just 0.01 mm), new flexible electronic sensors, and intelligent terminal products like the Royole Moon. With over 1,300 core intellectual property rights, its products are available in more than 20 countries and regions.

In October 2015, Rouyu established the Rouyu International Flexible Display Base in Shenzhen—a groundbreaking 6th-generation full-flexible display production line with a total investment exceeding 10 billion yuan. The facility can produce over 50 million units annually, supporting a wide range of applications, including consumer electronics, smart transportation, smart homes, sports fashion, architectural decoration, robotics, and education.

Since its founding, Rouyu has attracted significant investment from top-tier domestic and international venture capital firms. In November 2016, it secured 500 million yuan in pre-D round funding led by WARMSUN Holding Group. In March 2015, the company raised about 1.1 billion yuan in its C-round financing, with a valuation surpassing $1 billion, led by CITIC Capital and Cornerstone Capital. IDG Capital, Shenzhen Venture Capital, and Songjing Capital continued to support the company in later rounds. In April 2013, Rouyu received tens of millions of dollars in B-round financing led by IDG Capital, Shenzhen Capital Investment Co., Ltd., and Songjing Capital. In June 2012, it secured several tens of millions of yuan in A-round financing from Deep Venture Capital and Songsong Capital. Notably, Rouyu's valuation grew rapidly, reaching over $1 billion within three years of its launch, earning it a spot among the "Unicorn" companies. By October 2016, its valuation had surpassed $3 billion, making it one of the fastest-growing unicorn startups globally.

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