Hangzhou Rongsheng Real Estate Co., Ltd. announced that it will receive an equity round of funding on July 29, 2023. The transaction will include participation from returning investors, Cosmos Group Co., Ltd. and Hangzhou Zhongwei Industrial Co., Ltd. in proportion of their equity. Through the transaction, the company's registered capital will increase from CNY 30,000,000 to CNY 200,000,000.