Light Year AI, an AI startup founded by Meituan co-founder Wang Huiwen, has achieved unicorn status by raising an impressive $230 million in just 100 days. Source Code Capital led the financing round with an $80 million investment, followed by Tencent, 5Y Capital, and Kuaishou founder Su Hua’s participation. Tencent continued its support for AI ventures with a $50 million investment, while Su Hua and 5Y Capital each contributed $40 million. Su Hua has been an active investor in generative AI projects since March. Light Year AI has quickly established itself as a leading player in the industry, strategically positioning itself for market entry, fundraising, and exploring mergers and acquisitions, despite not yet unveiling any new products. The startup’s rapid rise to unicorn valuation reflects its significant influence in the capital market. [QbitAI, in Chinese]