4Paradigm announced the closing of its Series D financing, raising $700 million. The round was led by Boyu Capital, Primavera Capital, and HOPU Investment, and included strategic investors such as the National Manufacturing Transformation Fund, China Development Bank, China Structural Reform Fund, China Construction Bank, CITIC Construction Investment, Haitong Securities. Financial investors such as HongShan, CITIC Private Equity, Goldman Sachs, Jinyi Capital, and Fountain Vest also participated.

CEC Capital Group served as the financial advisor for 4Paradigm in this transaction.

4Paradigm plans to use the funds to accelerate the deployment in key industries, build an AI-based enterprise ecosystem, and recruit key AI talents.

4Paradigm is an globally leading AI platform and technology service provider. Over the years, it has continuously helped clients achieve high-quality intelligence upgrades through AI, accelerating the transformation process of traditional industries, improving operational efficiency, and unlocking new business growth potential. In its six years of operation, 4Paradigm has expanded its business from the financial industry to various sectors, including retail, manufacturing, energy, government, healthcare, internet, media, logistics, agriculture, and high technology. The COVID-19 pandemic in 2020 accelerated the online transformation of enterprises, and 4Paradigm assisted numerous clients in planning and implementing AI-driven operational capabilities, enabling them to maintain business continuity while capitalizing on changes in consumer demands and exploring new business opportunities.