According to market sources, StepStar is reportedly planning an initial public offering on the Hong Kong stock exchange. As of the time of writing, the company has not commented on the matter.

Recently, StepStar announced the completion of its B+ funding round, raising 5 billion yuan, setting a new record for the largest single funding amount in the large model sector over the past 12 months. Alongside the funding announcement, the company also disclosed several key personnel changes. Yin Qi, Chairman of A-share listed company Chongqing Qianli Technology Co., Ltd., has concurrently assumed the role of Chairman at StepStar.

Additionally, former Honor CEO Zhao Ming has joined the board of Qianli Technology as Co-Chairman.