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MAJORChinese Media2026-10-26 03:41

Beijing Token Factory Raises Over 1.3 Billion Yuan in Series B

Beijing AI token producer Approaching.AI closed a Series B round of over 1.3 billion yuan, taking its 2026 total past 2.4 billion yuan, led by state-linked and industrial investors. The funds will expand high-quality token capacity and its Token-as-a-Service platform, after core operating metrics grew more than tenfold in six months. It matters because it signals how much capital is flowing into the token-supply layer that sits between compute and applications.

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