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Former Qwen Tech Lead Lin Junyang Founds Shanghai Startup Yuyong
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News EditorLin Junyang, former technical lead of Qwen, has founded Yuyong Technology in Shanghai to build next-generation agents spanning digital and physical worlds. Gaorong Ventures and HSG (HongShan China) co-led the financing, with Tencent and Shanghai Future Industry Fund backing. People familiar with the matter say the round is an angel round at a $2 billion valuation.
ChainCatcher reports that Lin Junyang, former technical lead of Qwen, has founded a new company called Yuyong Technology in Shanghai, focused on next-generation agents bridging digital and physical worlds. He disclosed that Gaorong Ventures and HSG (HongShan China) co-led the round, with Tencent and Shanghai Future Industry Fund offering support. Sources familiar with the matter said the round is Yuyong's angel round, valuing it at $2 billion.
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