Baichuan Intelligence completes 5 billion yuan Series A financing, with Alibaba, Xiaomi, Tencent, and others participating.

TechFlow reports that Baichuan Intelligence, a leading domestic AI large model company, has recently completed its Series A financing, totaling 5 billion yuan, and will start Series B financing with a valuation of 20 billion yuan. The Series A investors include top enterprises such as Alibaba, Xiaomi, Tencent, as well as state-backed institutions like the Beijing Municipal Artificial Intelligence Industry Investment Fund. Including last year's financing of 2.50 billion yuan, Baichuan Intelligence has accumulated a total financing of 7.50 billion yuan, setting a record for the highest total financing in the domestic AI large model field.

Following this round of financing, Baichuan Intelligence has entered the "first tier" with a valuation of 20 billion yuan, ranking alongside companies such as MiniMax, Dark Side of the Moon, and Zhipu AI.