China Renaissance Wins Best Private Equity Deal at the 2023 FinanceAsia Achievement Awards

China Renaissance Holdings Limited (“China Renaissance” or the “Group”) announced that FinanceAsia has published the “FinanceAsia Achievement Awards”, which China Renaissance was awarded the Best Private Equity Deal, China – Onshore in recognition of its role as the exclusive financial advisor in arranging Beijing Zhipu Huazhang Technology (“Zhipu” or “Zhipu AI”) 's over Rmb2.5 billion Series-B financing.

The editorial team of FinanceAsia said: “For Zhipu, one of China's most promising start-ups in creating artificial intelligence (AI) models, raising money to fuel expansion was a key step towards helping advance the domestic market's broader ambition to boost its overall tech standing. The financing effort was a big achievement when considering the investment sentiment in the private financing market. To appeal to backers, the company offered multi-tranche, fast-paced financing schemes, as well as pursued a targeted investor selection approach.”

China Renaissance is honored to take part in this project and is delighted to receive the FinanceAsia Achievement Awards again. This award symbolizes the extensive recognition in the Group’s expertise and capabilities in the private equity sector. With the rapid development of artificial intelligence (AI) in China, the Group expects there will be growing financing needs in this sector.

China Renaissance has always been adhering to the national development strategy, and constantly refining and solidifying capabilities to serve the real economy with financial services by following market demand and the innovation direction. This can be seen from the Group’s focus on artificial general intelligence (AGI) sector. Going Forward, China Renaissance will continue to deepen its involvement in AI and fully leverage its advantages in financing, to revitalize the AI industry by propelling innovation and development.”