Smart Home Startup Qixidi, Founded by Former Li Auto President Shen Yanan, Secures $98M Series A Funding

Smart home company Qixidi has completed its Series A funding round, raising RMB 700 million, led by the Changzhou Xinbei District Science and Technology Innovation Fund. Public records show that Qixidi was founded by Shen Yanan, former co-founder and president of Li Auto, and positions itself as a lifestyle intelligent technology company. The company currently operates direct retail networks in seven cities—Beijing, Shanghai, Hangzhou, Shenzhen, Guangzhou, Chengdu, and Wuhan—with annual contract value exceeding RMB 1 billion.