China Merchants China Fund participated in Micro LED micro-display company JBD’s Series B financing

On May 27, China Merchants China Fund announced that the company’s wholly-owned subsidiary, Shenzhen Tianzheng Investment Co., Ltd., signed a capital increase agreement with Shanghai Xianyao Display Technology Co., Ltd. (JBD) on March 31, 2025, and decided to invest 30 million yuan in JBD to participate in its Series B financing. Tianzheng has recently completed this investment.

According to data, JBD is a well-known Micro LED micro-display manufacturing company, focusing on the research, development and production of Micro LED technology. Its products are widely used in many fields such as near-eye display (AR/VR), micro-projection, HUD head-up display, 3D printing, sports optical instruments and light field display.

At present, JBD has a mature product line of monochrome and color Micro LED light engines, covering micro displays of various sizes, including the "Hummingbird" series of color and monochrome light engines, and the single-chip full-color "Phoenix" series of Micro LED micro displays. In the field of AR glasses, according to incomplete statistics, JBD's Micro LED microdisplays have been used in more than 30 AR glasses products, making it one of the major Micro LED microdisplay technology suppliers in this field.

Image source: Paixin.com genuine gallery

It is worth noting that on May 27, Thunderbird released the X3 Pro flagship AR glasses, equipped with a full-color Micro LED screen provided by JBD. According to reports, this is the world's first mass-produced photolithography waveguide AR glasses, which uses a new generation of fluorescent light engine and three-color synthesis technology. It has a built-in JBD customized red, green and blue screen, combined with a 0.1cc ultra-small polymer Cube prism, to achieve 16.7 million color full-color display, with a peak brightness of 6,000 nits, an average brightness of 3,500 nits, and a light engine volume of only 0.36cc.

In addition to the consumer electronics field, JBD's Micro LED microdisplay technology has also been applied in the medical and industrial fields. In February this year, JBD announced that it would provide the "Hummingbird I" color light engine for the medical AR glasses development project of Japanese medical institutions to create medical AR glasses without line of sight interference.

China Merchants China Fund stated that the future demand for consumer-grade AR products is highly certain, and Micro LED, as a display solution for lightweight AR glasses, will have high growth potential. The company expects that as JBD products continue to iterate and downstream AR terminals are commercialized, it will have good development prospects as a leading company in the field of Micro LED micro-displays. The company believes that investing in JBD will further enrich the company's information technology investment portfolio and also help optimize the overall investment structure. (Compiled by LEDinside)

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