Qiming Venture Partners successfully backed Yingshi Innovation's IPO on the Science and Technology Innovation Board, reflecting a strong alignment with the burgeoning smart imaging market in China.

Information on the Target

Yingshi Innovation, a leading global provider of smart imaging solutions, successfully debuted on the Science and Technology Innovation Board on June 11. Priced at 47.27 CNY per share, it opened at 182.00 CNY, representing a dramatic increase of 285% and achieving a market valuation of 72.98 billion CNY. Founded in 2015, the company specializes in the research, production, and sales of panorama cameras and action cameras. It offers a variety of products ranging from consumer-grade to professional-grade smart imaging devices, leveraging core technologies such as panoramic technology, stabilization, AI image processing, and computational photography.

As an early investor, Qiming Venture Partners has supported Yingshi Innovation throughout its ten-year journey, initially leading Series B funding in 2015 and later continuing its financial backing during Series C funding. This partnership reflects a shared vision for the immense market potential of 360-degree smart imaging solutions.

Industry Overview in China

The smart imaging sector in China has witnessed rapid advancements, driven by technological innovations and increasing consumer demand for advanced imaging solutions. The market is char