BaiChuan Intelligence, a company founded by Wang Xiaochuan, has announced the completion of a $300 million A1 round of strategic financing. This round of financing has attracted participation from tech giants such as Alibaba, Tencent, and Xiaomi, as well as multiple investment institutions. BaiChuan Intelligence, established less than 100 days ago, has already released two open-source, commercially usable Chinese large models. These models have performed exceptionally well on several authoritative evaluation lists, with downloads exceeding one million. This financing will further support the development of BaiChuan Intelligence.