Chinese RISC-V cloud AI computing chip maker EVAS Intelligence has completed a new funding round of nearly RMB 2 billion, bringing its post-investment valuation to close to RMB 15 billion. The round includes more than 20 investors such as Huatai Innovation, Zhongding Capital, SMIC Capital, Andon Health and Tongfu Microelectronics, following a RMB 1.5 billion Series B and strategic investment from China Mobile earlier in 2026.