Infinigence AI raises RMB 2.3B Series C, total funding hits RMB 4.3B

The record size of both the round and the cumulative total signals that capital in China's AI-native infrastructure space is consolidating behind a small number of scale players rather than spreading across the field. For the broader sector, that sets a high bar for peers still raising, since later-stage backers now have a clear benchmark for what a category leader looks like. Whether the concentration continues, or whether smaller infrastructure names can still attract comparable conviction, is the open question worth tracking.