Former Qwen Tech Lead Lin Junyang Founds Shanghai Startup Yuyong

Lin 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.