Recently, Ruoyu Technology Co., Ltd. (hereinafter referred to as "Ruoyu technology") and poly capital officially signed a strategic investment cooperation agreement in Shenzhen. Poly capital's fund has previously invested 400million yuan to lead the investment in the D + round financing of Joyou technology, and recently increased its capital to participate in the latest e round financing of Joyou technology
general manager of Poly Real estate Mr. Liuping, chairman of poly capital, said: "We are optimistic about the core screen technology with independent intellectual property rights of Ruoyu technology and its leading position in the fields of human-computer interaction and IOT. We are glad to have reached strategic cooperation with Ruoyu technology, which is an important step in the development of poly ecosystem. As an important platform for Poly Real Estate's' one main wing and two wings', poly capital has provided strong support for the main business of real estate and the field of large community consumption in the form of real estate finance and industrial investment Force support. Innovation is the leading driving force for enterprise development and the core driving force for the transformation from made in China to created in China. In the future, poly will give full play to its strategic focus to carry out research on thermoplastic elastomer products; With Huangshan Hualan Technology Co., Ltd. as the dominant resources as the main partner, we have launched all-round cooperation with Ruoyu in many fields such as real estate, IOT and smart home. "
Dr. liuzihong, founder and CEO of Ruoyu technology, said: "On the occasion of the sixth anniversary of the operation of Ruoyu, we are very honored to reach a strategic cooperation with poly capital. The value of the spring fatigue testing machine will help the company further obtain more resources in the fields of R & D, production and sales, and accelerate the comprehensive development of the company's' flexible plus' technology platform. Ruoyu's mission is to make people better understand the world through technological innovation. In the future, Ruoyu will continue to focus on The R & D, production and sales of a generation of human-computer interaction and Internet of things technologies and related electronic products. "
poly capital is a professional private equity fund management company under poly. It always adheres to the investment strategy of taking the high resolution of the real estate industry chain as the core and the simultaneous development of science, technology and education, and takes the integration of traditional real estate industry and emerging technology industry as its mission. The shareholders are Poly Group and Poly Real estate, which is an important platform for poly to distribute industrial investment. Based on the capital market and relying on the resource support of Poly Real estate, poly capital focuses on the layout of emerging industries such as smart home and community, new retail and scientific and technological innovation. At present, the classic investment cases that have been implemented include didi travel, Tujia real estate, Macchi IOT, Zhuojin environmental protection, digital Kingdom space, etc
Ruoyu technology was founded in Silicon Valley, Shenzhen and Hong Kong by the Tsinghua and Stanford doctoral teams in 2012, and has received six rounds of investment from well-known venture capital institutions and industrial groups at home and abroad. In 2014, it was the first in the world to release the world's thinnest flexible display screen and flexible sensor with a thickness of only 0.01mm, leading the new trend of flexible display and flexible electronics industry. The latest round of financing of the company is valued at about 5billion US dollars. It is one of the fastest-growing Unicorn technology startups in the world
Ruoyu's independent core technologies include the world's thinnest 0.01mm color flexible display screen and new flexible sensors. Its core businesses include a series of new intelligent terminal products and industry solutions based on the "flexible +" platform. It has reserved more than 1800 core technology intellectual property rights in the world, and B2B and B2C products have been sold to more than 20 countries and regions
the first large-scale module production line of six generation full flexible display screen with real independent intellectual property rights, with an investment of more than 10 billion yuan, was completed and put into operation in 2018. It can support a large number of consumer electronics, education and office, robots, smart home, intelligent transportation, building decoration, sports fashion and other industrial applications, and has carried out extensive cooperation with many well-known enterprises at home and abroad