NEWSROOM ·
Every cited note carries its source at the end of the page.
China's telecom giants back RayNeo with $143 million funding round
RayNeo, the smart-glasses brand incubated by TCL, raised more than 1 billion yuan ($143 million) in new financing announced January 6, 2026. Investors included China Unicom's Unicom Innovation Capital and China Mobile's CM Beijing Fund and CM Shanghai Fund, marking what Caixin called the first strategic entry of China's major telecom operators into the smart glasses sector. RayNeo spun off from TCL in 2021 and has built a leading share of China's smart glasses market.