Yushu Technology recently completed its C round of financing, with joint investments from China Mobile's fund, Tencent, Jinqiu, Alibaba, Ant, and Geely Capital. People familiar with the matter revealed that this round of financing raised about RMB 700 million, and the valuation of Yushu Technology after the financing reached about RMB 12 billion. This round of financing may be the last round of financing before Yushu's IPO, and the possibility of further financing before listing is relatively small. It is reported that Yushu Technology and its investors are currently actively promoting IPO matters, with the first choice being A-share listing, followed by Hong Kong. Since the beginning of this year, Yushu Technology has become popular across the country with the AI wave, and has become a leading company in quadruped robots and humanoid robots.