Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on January 9, last June, Luo Yonghao announced that he would quit Weibo and all social platforms to start a business again, betting on the AR circuit. After that, Luo Yonghao officially announced that his new company was called "Thin Red Line" (thin red line) in the studio of making friends. Recently, the registered capital of Luo Yonghao's new company has increased to 100 million yuan, and the company has become wholly owned by a foreign legal person.

Information shows that recently, a number of industrial and commercial changes have taken place in Beijing Xihongxian Technology Co., Ltd., the registered capital has increased from 100000 yuan to 100 million yuan; Feng Yaoyao stepped down as legal representative and executive director, and Wang Wei will take over; the major shareholder has been changed to ALWAYS ON TECH PTE.LTD.; the type of enterprise has been changed to "limited liability company (wholly foreign legal person)".

Information shows that the company was founded in 2018, the scope of business includes: virtual reality equipment manufacturing; computer software and hardware and auxiliary equipment retail; computer software and hardware and peripheral equipment manufacturing; information system operation and maintenance services; information security equipment sales and so on.

CTOnews.com learned that in November 2022, Luo Yonghao's AR startup, Fine Red Line Technology, announced the completion of an angel round of financing for about $50 million (about 356 million yuan), with a post-investment valuation of about $200 million (about 1.434 billion yuan).

Luo Yonghao once said that in the early stage of starting a business, Xihongxian would use a team of hundreds or thousands of people to do three or five years of development. specifically, the hardware team would develop an engineering machine every year. "it is generally estimated that the commercial conditions will be basically mature in about five years."

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