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- Xingji Meizu
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Nov 2023 | Series A | $1.4B |
Xingji Meizu Funding History
Xingji Meizu has raised a total of $277M across 1 funding round.
Xingji Meizu funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2023 | Series A | Asia Investment Fund (lead); Harvest Global Investments (lead); Wuhan Economic Development Investment; QC Capital | $277M | $1.4B | Xingji 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Nov 2023 | ||
| 1 | Lead | Nov 2023 | ||
This data is available for Pro users. Sign up to see all 4 Xingji Meizu investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialXingji 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $5.9B | $1.7B | $2.3B | 1.7x | ||
| Private | - | - | $784M | - | ||
| Private | - | - | $2.9B | - | ||
| Publicly listed | $3.7B | $161M | $3.5B | - | ||
| Private | $183M | - | $4B | 21.9x | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5.9B | $1.7B | 1.7x | 1.7x | 5.8x | 7.6x | |||
| $3.7B | $161M | 1.2x | - | 28.7x | - | |||
| $19B | $3.3B | 1.3x | 1.4x | 7.8x | 8.0x | |||
| $510M | $253M | 77.8x | - | 157.2x | - | |||
| $68B | $17B | 4.2x | 4.0x | 16.9x | 14.6x | |||
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
This data is available for Pro users. Sign up to see all Xingji Meizu competitors and their valuation data. Start Free Trial | ||||||||
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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