
Latest news, updates, and announcements from Stepfun.
StepFun, backed by state capital and Tencent, is dismantling its Cayman‑based red‑chip structure to meet new CSRC guidance and clear the path for a Hong Kong IPO slated for June. The company aims to r...

StepFun has secured 717 million USD in Series B+ funding, surpassing the recent Hong Kong IPO proceeds of rivals Zhipu AI and MiniMax. This 5 billion yuan round marks a strategic shift toward deep har...