88Z AI, 22 April — Loopit's parent company, Yongyue Intelligence, secured a $50 million investment led by Garena, with participation from BlueRun Ventures and others, bringing its year-to-date financing to nearly $100 million. Founded by former Baichuan AI co-founder Chen Weipeng, the app reached the top of the Google Play entertainment chart within two months and received praise from Elon Musk.
At a glance
- Yongyue Intelligence raised $50 million led by Garena, totaling nearly $100 million this year
- Loopit topped the Google Play entertainment chart within two months and earned praise from Elon Musk
The update
Yongyue Intelligence, the operator of the AI interactive content community Loopit, recently completed a new round of financing amounting to $50 million. This round was led by Garena, a globally renowned mobile game publisher, with participation from institutions such as BlueRun Ventures. This brings the company's total cumulative financing for the year to nearly $100 million. Loopit was founded by Chen Weipeng, former co-founder of Baichuan AI. The product achieved significant market success just two months after its launch, reaching eighth place on the global Google Play chart and first place on the entertainment chart, while also receiving public praise from Elon Musk.
Sources & editorial note
This article is an AI-assisted synthesis by 88Z AI based on the public sources below. Product claims and availability are attributed to their publishers. It does not represent independent testing or first-hand reporting.
- 蓝驰创投Source published
Source dates above refer to the original announcements; the date under the headline is this article’s publication on 88Z AI.