Xingji Meizu Valuation, Funding & Investors

Xingji Meizu is valued at $1.4B as of November 2023.

Last Xingji Meizu valuation

$1.4B

Series A · Nov 2023

Last Xingji Meizu funding round

$277M

Series A · Nov 2023

Cumulative funding Xingji Meizu raised

$277M

across 1 funding round

Key investors in Xingji Meizu

  • QC Capital
  • Harvest Global Investments
  • Wuhan Economic Development Investment
  • Asia Investment Fund

Xingji Meizu Overview

About Xingji Meizu

Xingji Meizu Group is a Zhuhai-headquartered technology platform developing full-stack smart terminal solutions spanning smart electric vehicles, smartphones, extended reality devices, proprietary operating systems, smart wearables, and smart home products. Established in late 2023, it builds on Meizu's consumer electronics heritage within Geely's ecosystem.


Founded

2023

HQ

ChinaWuhan

Website

xjmz.com

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$1.4B (Nov 2023)

Xingji Meizu Valuation

Xingji Meizu is currently valued at $1.4B, based on its Series A in November 2023.

The $277M round was led by Asia Investment Fund and Harvest Global Investments, with participation from Wuhan Economic Development Investment and QC Capital.

Xingji Meizu valuation by funding round

Xingji Meizu valuation by funding round
DateStageValuation
Nov 2023Series A$1.4B

Xingji Meizu Funding History

Xingji Meizu has raised a total of $277M across 1 funding round.

Xingji Meizu funding rounds

Xingji Meizu funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2023Series AAsia Investment Fund (lead); Harvest Global Investments (lead); Wuhan Economic Development Investment; QC Capital$277M$1.4BXingji Meizu Group, a consumer electronics and smart mobility company, completed a RMB 2 billion angel+ round and Series A financing in 2023, with the Series A led by Yato Capital (Asia Investment Fund) and Harvest International Investments (Harvest Global Investments), and participation from QC Capital, Wuhan Economic Development Zone (Wuhan Economic Development Investment), and other industry partners. The post-investment valuation exceeded 10 billion yuan. The angel+ round earlier in the year included Rongyi Investment, Xingyuan Fund, and Wuhan Economic Development Zone. The company focuses on smartphones, smart cars, self-developed operating systems, and wearable devices. Key products include the Meizu 20 series flagship phone, Flyme 10 ecosystem, and Flyme Auto intelligent cockpit OS, positioning it in the integration of consumer electronics and automotive industries. To support rapid business growth, Xingji Meizu adjusted its organization: Shen Ziyu as CEO for overall operations, Su Jing as president for daily operations, and Qi Weimin as CFO for finance and investments. Future plans emphasize deep integration of smart electric vehicles, smartphones, XR, and advanced technologies to deliver multi-device, all-scenario immersive experiences and build a global smart mobility ecosystem.

Who has invested in Xingji Meizu?

4 investors have backed Xingji Meizu across its funding rounds, including QC Capital, Harvest Global Investments, Wuhan Economic Development Investment and Asia Investment Fund.

Lead investors include Asia Investment Fund and Harvest Global Investments.


Xingji Meizu Investors

Investors in Xingji Meizu by funding rounds participated
InvestorHQRoundsRoleFirst check
Wuhan Economic Development InvestmentChinaWuhan1ParticipantNov 2023
Harvest Global InvestmentsHong KongHong Kong1LeadNov 2023

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Xingji Meizu Competitors

Xingji Meizu competitors include listed companies like JG Summit Holdings and Shenzhen Huaqiang, and private ones like Neara, Terminus Technologies, MEGVII and Tekion.

Public and private companies comparable to Xingji Meizu
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
JG Summit HoldingsPhilippinesPhilippinesPublicly listed$5.9B$1.7B$2.3B1.7x
NearaAustraliaSydneyPrivate--$784M-
Terminus TechnologiesChinaBeijingPrivate--$2.9B-
Shenzhen HuaqiangChinaChinaPublicly listed$3.7B$161M$3.5B-
MEGVIIChinaBeijingPrivate$183M-$4B21.9x
TekionUnited StatesSan Francisco, CAPrivate--$4B-

Xingji Meizu Public Comps

Xingji Meizu is still privately-owned, but its public comps include JG Summit Holdings, Shenzhen Huaqiang, Baidu, Cerebras Systems, IBM, Oracle, ASML and AMD.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
JG Summit Holdings$5.9B$1.7B1.7x1.7x5.8x7.6x
Shenzhen Huaqiang$3.7B$161M1.2x-28.7x-
Baidu$19B$3.3B1.3x1.4x7.8x8.0x
Cerebras Systems$510M$253M77.8x-157.2x-
IBM$68B$17B4.2x4.0x16.9x14.6x
Oracle$67B$33B8.6x7.8x17.7x13.9x

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Common questions about Xingji Meizu

When was Xingji Meizu founded?Xingji Meizu was founded in 2023.
Where is Xingji Meizu headquartered?Xingji Meizu is headquartered in Wuhan, China.
Is Xingji Meizu publicly listed?No, Xingji Meizu is a private, VC-backed company.
What is Xingji Meizu's valuation?Xingji Meizu was last valued at $1.4B in its Series A in November 2023.
How much funding has Xingji Meizu raised?Xingji Meizu has raised $277M across 1 funding round.
What was Xingji Meizu's last funding round?Xingji Meizu's last funding round was a $277M Series A in November 2023, led by Asia Investment Fund and Harvest Global Investments.
Who are Xingji Meizu's investors?Xingji Meizu's investors include Wuhan Economic Development Investment, Harvest Global Investments, QC Capital and Asia Investment Fund.
Which companies are comparable to Xingji Meizu?Companies comparable to Xingji Meizu include JG Summit Holdings, Neara, Terminus Technologies, Shenzhen Huaqiang, MEGVII and Tekion.

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