The development is payment of a round announced in July and updated in August, rather than a second raise to add to the first. Some commitments were transferred to new investors, including Kingdee and MetaX, while unpaid portions from Dakang Lanwu and BFI MIDCO were terminated.
Kuaishou retains control of the subsidiary. Percentages in the ownership table assume full use of share-incentive arrangements. The filing documents a financing milestone announced by the company; it does not confirm future revenue, model performance or a stock-market listing.