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ZX Inc. ( (HK:9890) ) has issued an announcement.
ZX Inc. has announced a memorandum of cooperation between its subsidiary, Hong Kong Yuanda Future Limited, and Hangzhou Kaixing Internet Technology Company Limited, a subsidiary of Kingnet Network Co., Ltd. The collaboration aims to jointly invest in a new entity, Jiyi Company, to promote AI large model technology in the gaming industry. Yuanda Future will invest RMB10 million to hold a 10% equity stake in the new company. The memorandum outlines the terms of investment, including management commitments and equity arrangements in case of an overseas spinoff. This strategic move is expected to enhance ZX Inc.’s position in the AI and gaming sectors, potentially impacting its market presence and shareholder value.
More about ZX Inc.
ZX Inc. is a company incorporated in the Cayman Islands with limited liability, operating through its subsidiaries and PRC Operating Entities. The company is involved in the technology industry, focusing on the development of AI large model technology for applications in gaming, film, television, and other entertainment sectors.
YTD Price Performance: 15.17%
Average Trading Volume: 6,497,048
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of 9890 stock, go to TipRanks’ Stock Analysis page.