Jiangsu Qingyun New Materials Technology Co., Ltd. announced that it has raised CNY 100 million in its Series B round of funding co-led by new investors CNBM New Materials Fund Management Co., Ltd. and GP Capital Co., Ltd. on May 18, 2023. The transaction included participation from new investors Oriza Houwang (Suzhou) Investment Management Co., Ltd., Qinghai Shaanxi Coal Investment Co., Ltd., Beijing Oriental Yuhong Waterproof Technology Co., Ltd., and Taihe Capital, existing investor, GL Ventures, a fund managed by Hillhouse Investment Management, Ltd.