1 of 1
Story summary
- StepFun, a Chinese AI startup, is restructuring to prepare for a Hong Kong IPO amid heightened regulatory scrutiny of offshore companies.
- StepFun was founded in April 2023.
- The company aims to raise 2 billion to 3 billion yuan at a valuation of up to $6 billion.
- StepFun's models are popular on the OpenClaw platform and integrated into OPPO and Geely products.
