Rouyu Technology, a developer of flexible displays, signed a strategic investment cooperation agreement with Pacific Century Capital. Pacific Century Capital invested exclusively in the latest E + round of funding by Royal Pacific Technology. The specific amount was not disclosed. After this round of financing, Rouyu Technology's valuation is close to $ 5 billion.
Dr. Zihong Liu, founder and CEO of Rouyu Technology, said that after this round of financing, the company reached a strategic cooperation with Yingke Capital, which will help Rouyu to obtain more resources in R & D, production and sales, and accelerate the development of the “flexible +” technology platform With all-round development, the team will also continue to develop, produce, and sell next-generation human-computer interaction and Internet of Everything technologies and related electronic products in the future.
In September 2017, Rouyu Technology raised a total of USD 800 million in Series D financing. Among them, the equity financing was about 240 million US dollars, and the participants included WARMSUN Holding Group, Hanfu Capital, SPDB, China Shipping Shengrong, Tanshi Capital, etc .; the debt financing was about 560 million US dollars, and the participants included CITIC Bank, China Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of China, Ping An Bank, etc. In November 2016, Rouyu Technology won a 500 million Pre-D round of financing from WARMSUN Holding Group; in August 2015, it received tens of millions of C rounds of financing. CITIC Industrial Fund, Cornerstone Capital, Bairun Central Bank and other investment institutions led In the last round, investors IDG Capital, Shenzhen Venture Capital and Songhe Capital continued to follow up; in June 2013, Rouyu Technology was led by IDG Capital, and Shenzhen Venture Capital and Songhe Capital followed up with tens of millions of dollars in Series B financing; In June 2012, Rouyu Technology received tens of millions of yuan in Series A financing from Shenzhen Venture Capital and Songhe Capital.
Rouyu Technology Co., Ltd. was founded in 2012 in Shenzhen, China, Silicon Valley, and Hong Kong. Its business includes global flexible display, flexible sensing, virtual reality display and related smart devices. Its core technologies and products include 0.01mm global Thin color flexible display, new flexible electronic sensor, new smart terminal product Royole Moon, etc.
In 2017, Rouyu first proposed the concept of "flexible plus" in the industry, that is, flexible electronics can be widely used in various industries as a platform-based technology, and it will be deeply integrated and developed with artificial intelligence and the Internet of Everything. At present, Rouyu's flexible electronic technology has gradually established partnerships with enterprises in various industries, and has continuously introduced new mass-produced products into the market through the B2B and B2C models. "Flexible Plus" is gradually entering all aspects of people's lives, and is used in consumer electronics, intelligent transportation, smart home, sports fashion, education office, robots and other industries to bring new product design methods and experiences to users.
Zihong Liu received a bachelor's degree in electrical engineering from Tsinghua University, a master's degree from Tsinghua University, and a Ph.D. in electrical engineering from Stanford University. He founded and served as president of Fancy and Autobio Semiconductor Technology Corporation, and later served as a consultant engineer and researcher at IBM's Global R & D Center in New York Scientist; won the portal Donews "Best Entrepreneur of the Year Award" in 2013; was selected as a national expert of the "Thousand Talents Plan" in 2015; and was elected as the "Global Young Leader" of the World Economic Forum in Davos in 2017.