Beijing Xingengyuan Technology Development Co., Ltd. announced that it has received $150 million in a round of funding co-led by new investor Shanghai Trust Bridge Partners Management Co., Ltd. and returning investor Tencent Holdings Ltd., Investment Arm on January 24, 2021. The transaction included participation from returning investors GGV Capital, GSR Ventures Management Co. Ltd., Sequoia Capital China, Lightspeed China Partners, IDG Capital Partners Co., Ltd., Hike Capital and KKR & Co. Inc. (NYSE:KKR). The company has raised nearly $600 million in funding till date. The round is raised at a post-money valuation of $1,500 million.