Wanhua Hexiang Group Co., Ltd announced that it has raised hundreds of millions of yuan in a round of funding on July 10, 2023. The transaction included participation from new investors such as Orient Securities Company Limited, Shanghai Tongda Venture Capital Co., Ltd., CGII Geographic Information Equity Investment Fund managed by CGII Private Fund Co., Ltd, Linyi Lanshan District Financial Investment Group Co., Ltd and returning investors such as Haixia Capital Management Co., Ltd., Hua Capital Management Ltd and other investors. The company will issue equity shares in the transaction.