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, at the Wuzhou Hotel in Shenzhen. The agreements were finalized this year, and Rouyu successfully closed its D-round equity financing, raising a total of $800 million.

Signing site

According to VR Network's sources, the D-round equity financing amounted to approximately $240 million, with key investors including WARMSUN Holding Group, Hanfu Capital, Shanghai Pudong Development Bank, China Resources Capital, and Tantric Capital. Additionally, Rouyu secured around $560 million in debt financing from the same group of banks. Dr. Liu Zihong, founder, chairman, and CEO of Joywoo Technology, said: “Rouyu focuses on the research, development, and sales of next-generation human-computer interaction technology and related electronic products. Our mission is to enhance people’s lives through technological innovation. This vision is supported by our partners, including 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. Their support will help us invest more in R&D, production, and sales, accelerating our overall growth.” Founded in 2012, Joysoft Technology (now known as Rouyu) was established in Silicon Valley, Shenzhen, and Hong Kong. The company specializes in three core technologies: the world’s thinnest color flexible display (0.01 mm), new flexible electronic sensors, and intelligent terminal products like Royole Moon. It holds over 1,300 core patents and has expanded its products to more than 20 countries.

In October 2015, Rouyu established the Rouyu International Flexible Display Base in Shenzhen — the world’s first 6th generation full-flexible display production line — with a total investment exceeding 10 billion yuan. The facility can produce over 50 million flexible display units annually, supporting a wide range of applications such as 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 raised 500 million yuan in pre-D round financing led by WARMSUN Holding Group. In March 2015, the company secured approximately 1.1 billion yuan in Series C funding, valued at over $1 billion, led by CITIC Capital and Cornerstone Capital. IDG Capital, Shenzhen Venture Capital, and Songjing Capital continued to invest in subsequent rounds. In April 2013, Rouyu raised tens of millions of dollars in Series B financing led by IDG Capital and Shenzhen Capital Investment Co., Ltd. In June 2012, it received several tens of millions of yuan in Series A financing from Deep VC and Songsong Capital. Notably, Rouyu’s valuation grew rapidly — less than three years after its founding, it was valued at under $1 billion and entered the "Unicorn" club. By October 2016, its valuation had surpassed $3 billion, making it one of the fastest-growing unicorn tech startups globally.

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