BoYin Hearing Secures Tens of Millions in Series B Top-Up Funding to Advance R&D and Expand Hearing Care Ecosystem

On May 22, BOIN Hearing announced that it had secured tens of millions of yuan in Series B funding. The company will continue to increase its R&D investment in domestically produced hearing aids and expand its network of professional service institutions, thereby pioneering a new landscape for the hearing health ecosystem. The investors in this round includeSuzhou Guofa Venture Capital Holding Co., Ltd.。This is followingFollowing the “official announcement of the completion of a nearly RMB 100 million Series B financing round” in January 2025, BOIN Hearing has once again garnered favor from state-owned capital.

BOIN Hearing Technology(Shanghai) Co., Ltd., established in 2019, is a national high-tech enterprise primarily invested in the health industry, focusing on the development of “AI smart hearing aids + Hearing Expert Centers,” and integrating design, R&D, production, and sales.

Mr. Jiang Xianquan, founder of BOIN Hearing, has been deeply engaged in the hearing industry for overWith 25 years of experience, including 18 years overseeing retail, sales, and marketing for China at a leading international hearing aid company, we possess in-depth knowledge of critical pathways and development trends in the domestic hearing aid market, encompassing products, distribution channels, and consumer needs. The core team of BOIN Hearing has cultivated deep expertise in the industry over many years, having held key positions at globally renowned hearing aid groups, and brings extensive experience in R&D, sales, and marketing management.

Hearing aids are a niche and traditional industry. How to embark on a new journey in an established track? BOIN Hearing has its own pace.

Over the past six years, BOIN Hearing has taken serving the nation through industry and enhancing the hearing health of the entire population as its mission, adhered to independent innovation, and established a comprehensive ecosystem that includes Cloud HearingA full-chain product portfolio, including SiP chips and medical-grade hearing aids, underpinned by a four-brand matrix comprising BOIN Hearing, Beilingmei, Bolang Ear, and Boyin, as well as the national franchise service center—the “Hearing Earth” National Chain Service Alliance for Hearing Aids.

On June 30, 2021, BOIN Hearing became a strategic partner of the China National Center for Assistive Technology. The China National Center for Assistive Technology and BOIN Hearing signed a cooperation agreement to establish the “China Institute of Assistive Technology – BOIN Intelligent Hearing Assistive Technology R&D and Fitting Service Demonstration Base.”

In 2022, the Ministry of Industry and Information Technology released a public notice regarding the "2022 Catalogue of Promoted Products for the Elderly," in which BOIN Hearing was included.

In 2024, BOIN Hearing was honored with the 2024 Model Award for Corporate Social Responsibility in Healthcare, and its Chairman and CEO, Jiang Xianquan, received the 2024 Responsible Business Leader Award.

In 2025, BOIN Hearing was selected for the Aging Industry Brand Database and included in the "Directory of Aging Industry Brands," helping more elderly friends improve their quality of life through better hearing and enjoy their golden years.

Suzhou Guofa Venture CapitalThe person in charge statedBOIN Hearing integrates technical advantages in dedicated hearing aid chips, Bluetooth chips, and comprehensive electroacoustic applications. It possesses proprietary algorithms, Chinese speech fitting algorithms, independent fitting software, and programmers. With high-quality and stable products, a convenient in-store fitting system, and an enhanced user experience, it demonstrates strong market prospects. The founder brings extensive industry experience, broad resources, and comprehensive expertise in the commercialization of hearing aid products, demonstrating strong practical capabilities and execution. Core team members have over ten years of industry experience, working together with strong synergy and mutual trust. The aging of the population and the implementation of the national strategy for actively responding to population aging are driving steady growth in China’s medical-grade hearing aid industry, creating development opportunities for domestic brands.

Jiang Xianquan, Chairman and CEO of BOIN HearingHe expressed gratitude to Suzhou International Development Venture Capital for its support and trust in BOIN Hearing. The rise of domestically produced hearing aids in China is a systematic endeavor. Since its inception, BOIN has been committed to the independent research and development of core technologies, establishing a commercial ecosystem that is at the forefront of the industry in both depth and breadth within China. Our corporate mission is to “research, develop, and manufacture high-performance, affordable, and cost-effective domestic medical-grade hearing aid products,” ensuring that every individual with hearing loss can “afford and access” these devices. BOIN Hearing will continue to transform scientific achievements into driving forces, deeply empowering the hearing industry. Through the implementation of its second (2025–2029) and third (2030–2034) five-year strategic plans, BOIN aims to become a leading hearing brand in China and globally.

From the “Tang Tide,” “Qin Style,” and “Han Rhyme” series to the “Transparent Elf · Starry Sky,” “Song Listen,” and “Ming Xin” series, each has witnessed BOIN Hearing’s steadfast progress on the path to developing domestically produced, self-researched medical-grade hearing aids.With the advancement of AI technology, applications in hearing solutions are gradually moving from uncharted territory into deep waters.How to Gain a Competitive Edge: The Prominence of AI-Driven Advantages

On March 3, 2025, the School of Computer Science and Technology at East China Normal University and BOIN Hearing announced a joint initiative to establish the “Joint Laboratory for AI Audio Interaction and Auditory Cognition.” This collaboration marks a significant step forward for both parties in the field of hearing health, injecting new vitality into the innovation of AI technologies.

Hearing Aids Are a Matter of PrecisionIn an industry where “30% depends on the product and 70% on professional fitting,” skilled and competent hearing aid fitters are a scarce resource. On March 6, 2025, the inaugural class specializing in hearing rehabilitation was officially launched at the BOIN Hearing Rehabilitation Industry College, the first of its kind in China, jointly established by Sichuan Nursing Vocational College and BOIN Hearing. This collaboration focuses on the transformation and upgrading needs of the health sector. By establishing an integrated mechanism that merges the “education chain, industry chain, and innovation chain,” the two parties have engaged in deep cooperation in targeted talent development, joint technological research, and community-based rehabilitation services within the field of hearing rehabilitation. This initiative provides a demonstrative model of school-enterprise collaborative education, contributing to the Healthy China initiative and the high-quality development of modern vocational education.

As of now, the number of Hearing Earth stores under BOIN Hearing has exceededWith 300 branches across 123 cities in 24 provinces (and municipalities), BOIN Hearing is committed to becoming “Your Local Fitting Expert.”

Meanwhile, along the“Belt and Road” Initiative: BOIN Hearing Charts a Global Path for Chinese Intelligent Manufacturing, Expanding to Over Ten Countries and Regions Including Germany, the UK, and the Middle East.

As Jiang Xianquan stated, “Hearing aid products + professional fitting services + the warmth of humanistic care are essential to delivering a better user experience for individuals with hearing loss.”。” 

From product R&D to talent development, and further to industry expansion, BOIN Hearing is steadily building a hearing ecosystem with both outward extension and inward growth capabilities.is gradually becoming an aidA rising star in the big health industry, integrating design and R&D, production and sales, user experience, talent development, and supply chain expansion within the hearing aid sector.

Suzhou International Development Venture Capital Holding Co., Ltd. (hereinafter referred to as“Guofa Venture Capital”) was established in May 2008 with a registered capital of RMB 3.8 billion, and is an important component of Suzhou Innovation Investment Group. As a professional equity investment institution under the Suzhou Venture Capital Group, it gives full play to the “guiding, demonstrative, and amplifying” role of state-owned capital, while adhering to financial capital as the link and market economy as the orientation. By leveraging its resource integration capabilities, it has built four major business segments: “government-guided funds, equity investment, asset management, and debt financing,” with assets under management nearing RMB 130 billion.

Suzhou International Development Venture Capital adheres toGuided by the corporate culture of “Responsibility, Professionalism, Collaboration, and Value,” we adhere to a value-investment orientation and respect and safeguard entrepreneurship. Focusing on Suzhou’s four pillar industries, we prioritize strategic emerging sectors such as advanced equipment manufacturing, new materials, next-generation information technology, energy conservation and environmental protection, life and health (including biotechnology), and modern services. We have facilitated the listing or quotation of more than 70 companies on domestic and overseas capital markets. Meanwhile, we actively leverage our core investment capabilities through equity investment approaches and fund operation models, boldly pioneering innovation to build integrated asset management, combined equity-debt, and investment-lending linkage capabilities, thereby meeting the diverse financial needs of clients at different stages.

In the future, Guofa Venture Capital will continuously strengthen its financial innovation capabilities, strive to uncover investment opportunities during China’s economic transition and industrial upgrading, and contribute more significantly to the development of innovative industrial clusters in Suzhou in the era of the digital economy.