Lightyear Beyond AI Company completed industrial and commercial changes, and founder Wang Huiwen transferred shares to Meituan and became the sole shareholder

News from this site on August 7, the National Enterprise Credit Information Publicity System showed that Beijing Lightyear Beyond Technology Co., Ltd. has completed industrial and commercial changes, founder Wang Huiwen has withdrawn from shares, Tianjin Sankuai Technology, a subsidiary of Meituan Ltd. as the sole shareholder.

Beijing Lightyear Beyond Technology Co., Ltd. was established in July 2018 with a registered capital of 1 million yuan. Currently, Wang Huiwen still serves as the legal representative, executive director, manager and other positions of the company.

Wang Huiwen is a college classmate of Meituan founder Wang Xing. She joined Meituan on December 18, 2010 and has worked with Wang Xing for ten years. In January 2020, he retired from Meituan and founded the AGI (General Artificial Intelligence) company Light Years Beyond in 2018.

Wang Xing published a Moments update in March this year, announcing his participation in a personal capacity Wang Huiwen’s startup company “Light Years Beyond” received Series A financing and served as a director

According to previous reports on this site, Meituan announced on June 6 An announcement was issued on September 29th, officially announcing the acquisition of all interests in Light Year Beyond (Beijing Light Year Beyond Technology Co., Ltd. and Light Year AI Limited). The total consideration for this acquisition includes US$234 million in cash (note on this site: currently approximately RMB 1.68 billion), debt assumption of RMB 367 million and cash of RMB 1.

Meituan announced in the announcement that through the acquisition, it will acquire leading AGI technology and talents, thereby enhancing its competitiveness in the rapidly growing artificial intelligence industry. After the merger and acquisition is completed, we will fully support the exploration and research work of the Lightyear team in the field of large models

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