Summary by Futu AI
Feitian Cloud Technology Co., Ltd. announced that its wholly-owned subsidiary Beijing Feitian Cloud Technology Co., Ltd., Neeo Fund, Hainan Lingshui Industry Development Equity Investment Fund Partnership Enterprise (limited partnership), and Beijing Quanshi World Online Network Information Co., Ltd. jointly invested in the establishment of Lingshui Zhixuan Navigation Investment Partnership Enterprise (limited partnership), namely Zhixuan Navigation Fund. The fund will focus on early-stage companies in the fields of metaverse, artificial intelligence (AI), big data, and other areas. The total registered capital of the partnership enterprise is RMB 1,010 million, of which Beijing Feitian Cloud invested RMB 100 million. Neeo Fund will act as a general partner responsible for management and operation. The board of directors believes that this move will enhance the company's competitiveness in the metaverse and AI fields and is in the best interests of shareholders as a whole. Shareholders and potential investors should carefully evaluate this investment. The announcement date is July 15, 2024.