China’s AR Technology Service Provider IQYI Intelligence Raised Nearly a Hundred Billion Yuan in a Series A Round Funding Led by Jiangsu Addor Equity Investment Fund Management

China’s AR technology service provider IQYI Intelligence raised nearly a hundred nillion yuan in a series A round funding led by Jiangsu Addor Equity Investment Fund Management and followed by BeTurst Capital. The investment will be used on technology product R&D, creation of application ecosystem, and marketing.

IQYI Intelligence is a subsidiary of IQYI (NASDAQ:IQ). It strives to use VR/AR technology to build a comprehensive content ecosystem with an aim to promote the entertainment industry.