According to Caixin News, according to the investor of Hammer Technology, Hammer has completed a round of financing of nearly 1 billion yuan, including 600 million yuan from Chengdu Municipal Government. Of the 600 million yuan invested by Chengdu Municipal Government, half is equity investment, half is debt investment, and the remaining 400 million yuan is provided by some private funds.

As early as May this year, Lao Luo appeared at the Chengdu Municipal Government. According to the report at that time, it was a "business trip". Then in June and July this year, Lao Luo registered Chengdu Yewang Digital Technology Co., Ltd. and Chengdu Hammer Technology Group Co., Ltd. in the name of legal persons. In fact, at ReBuild2017 on August 6, Lao Luo said that he was currently taking a team of 120 people to make a product, which would be released in the summer of next year at the latest. The team was not in Beijing, but mostly in Chengdu.