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StepFun, the Jumping Stars, has been changed to a joint-stock company, and it is expected to submit a listing application in Hong Kong in the first half of the year.
Tianyancha App shows that one of the AI Six Little Tigers, **Shanghai Jietiao Xingchen Intelligent Technology Co., Ltd. (**Jietiao Xingchen, StepFun ) , underwent an industrial and commercial change on April 2, with the company’s name changed to Shanghai Jietiao Xingchen Intelligent Technology Co., Ltd.
According to domestic media reports, the reason given for the company name change by “Jietiao AI” is to prepare for a Hong Kong stock listing. It is reported that Jietiao Xingchen is carrying out Pre-IPO financing and plans to file for the listing in Hong Kong before June 30, 2026, with the expected completion of the listing by the end of the year.
Jietiao Xingchen, after multiple rounds of financing, its investors may include Red Shirt China, Qiming Venture Partners, IDG Capital, Wuyuan Capital, Shunwei Capital, Lenovo Venture Capital, Shanghai Guotou, Tencent Investment, China Life Equity, Pudong Venture Capital, Xuhui Capital, Wuxi Liangxi Fund, Xiamen Guomao Holdings, Jietiao Xingchen, and Huawei Technologies, among others.