[Zhiyuan Launches New Financing, Valuation at 50 Billion Yuan, IPO Postponed] Odaily Planet Daily News: According to investors, embodied intelligence unicorn company Zhiyuan Innovation has recently initiated a new round of financing, with the funding amount estimated at 1 billion to 1.5 billion yuan. This round of financing is nearing completion, with the latest valuation at approximately 50 billion yuan. In July 2026, Zhiyuan announced the preparation for a Hong Kong stock market listing. At the time, some investors stated that Zhiyuan was expected to go public as early as August, with a target valuation of 40 billion to 50 billion Hong Kong dollars. According to the relevant requirements of the Hong Kong Stock Exchange, if a company applying for listing completes new financing after submitting its application but before listing, the company must wait at least 120 days after the financing is completed to go public, unless a special exemption is granted. The aforementioned investor noted that the new round of financing means Zhiyuan will be unable to complete its IPO within this year. Regarding the new financing, valuation, and IPO progress, Zhiyuan's relevant representatives have stated there is no comment at this time. (Caijing Magazine)