Two rounds of financing in three months, selling trillions of tokens every day! Exclusive conversation with the founder of MoXing Intelligence

Zhidongxi Author | Li Shuiqing Editor | Mo Ying Zhidongzhi reported on August 10 that today, the "Token Super Factory" Moxing Intelligence, which has been established for more than two years, once again received a new financing. MoXing Intelligent announced the completion of Series A financing. This round was led by Yida Capital and introduced a number of strategic resource parties. Old shareholders continued to invest additionally, and some shareholders also made excessive follow-up investments. It has only been three months since the company announced hundreds of millions of yuan in Pre-A round financing in May this year. Two rounds of financing in three months are rare in the current financing environment. What is even more unusual is the size of this company—it has been established for two years, and the average daily Token calls have reached trillions. Its customers and partners include Internet companies, large model manufacturers, and leading companies in various industries. What capital is chasing is a market where the threshold seems to be lowering. Open source models such as DeepSeek, Kimi, GLM, and MiniMax are released intensively. Enterprises can directly download the weights, and general inference frameworks are becoming more and more mature. Some people say that large model reasoning is becoming a "you can do it with a card" business. But that's not the case. "The model is open source, but not all efficient deployment methods will be open source." Xu Lingjie, founder and CEO of Moxing Intelligence, told Zhidongzhi that if the model can run, it only means that Tokens have been produced; whether the delay, throughput, success rate and cost can be maintained under large-scale concurrency will determine whether these Tokens can be sold. ▲Photo of Jin Chen (left) and Xu Lingjie (right), founders of Moxing Intelligence. This is the underlying reason why Token Factory became popular. In 2026, from chip manufacturers, cloud service providers to operators and AI infrastructure companies, almost everyone is telling the story of Token Factory, and large-scale financing continues. The focus of industry competition is shifting from how much computing power one has to how many usable tokens can be produced per dollar and per watt of electricity. MoXing Intelligence provides a representative business sample. The company currently sells trillions of tokens every day, and its revenue has reached hundreds of millions of yuan.