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Lin Junyang Launches Praha AI at RMB 13.5 B; Tencent, Gaorong, Sequoia Invest

Lin Junyang has unveiled Praha (卜拉格), a new Chinese AI startup that has emerged from stealth with a reported first-round valuation of RMB 13.5 billion (approximately USD 1.87 billion). The round attracted three of China's most prominent investors simultaneously: internet giant Tencent, growth equity firm Gaorong Capital, and Sequoia China. The debut marks one of the highest first-round valuations seen in China's AI sector, signaling strong institutional confidence in the founding team.