SiBionics announced that it has received CNY 500 million in funding from Next Capital, China Industrial Securities International Capital Limited, Guangdong Kaiheng Private Equity Investment Fund Management Co., Ltd., China New Town Development Company Limited, Shanghai Shangshi Capital Management Co., Ltd.

China New Town Development Co Ltd is a company primarily engaged in property leasing and development. The Company operates its business through four segments. The Property Leasing segment is primarily engaged in the provision of property leasing services for investment properties. The Land Development segment is primarily engaged in the development of land infrastructure and construction of public facilities. The Urbanization Development segment is primarily engaged in the investment and development of businesses related to new township projects. The Other segment is primarily engaged in the provision of other services.