Lin Junyang’s new AI lab commands $2 B valuation before shipping a product
Lin Junyang, the former Qwen lead at Alibaba, is raising a new AI lab at a roughly $2 billion post‑money valuation, with Gaorong Capital and Sequoia China in talks. The round, still unfolding, underscores how a single engineer’s open‑source success can command a valuation unheard of for a Chinese startup with no product yet.