Target Company Overview
Recently, Shanghai JBD Display Technology Co., Ltd. (hereinafter referred to as “JBD”), a member of the Tongchuang Weiye investment group, announced the completion of a C1 round financing amounting to several hundred million RMB. The investment partners include Anhui Railway Fund, Fanghua Fund, Guangyue Investment, Hundo Investment, Ant Unicorn Fund, Shanghai Sci-Tech Innovation Fund, Xichuang Investment, and China Merchants Group.
The financing will primarily be allocated for research and development of core MicroLED Microdisplay technologies, capacity expansion, talent acquisition, and deepening ecosystem cooperation to meet the growing global demand for AR + AI terminal markets. Established in 2015 and recognized as a high-quality investment by Tongchuang Weiye in 2021, JBD is one of the world’s few manufacturers capable of mass-producing MicroLED Microdisplays. The company specializes in providing advanced AR near-eye display solutions, with a continuously increasing penetration rate in the terminal market.
Industry Overview in China
In recent years, the global AR device market has experienced accelerated growth, spurred by rising demand for digital transformation and breakthroughs in consumer hardware technology. The demand for lightweight, all-day wearable AR smart glasses has surged. According to a report by Counterpoint titled
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