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Shoucheng Holdings (00697) invests in Zizi Chipyuan to help achieve large-scale layout of its core products
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Zhitong Finance App News, Shoucheng Holdings (00697) issued an announcement. Recently, funds managed by Shoucheng Capital's subsidiary (a wholly-owned subsidiary of the company) of the group invests in Zhizi Xinyuan (Shenzhen) Technology Co., Ltd. (Zhizi Xinyuan). This investment will effectively enable the investee companies to iterate and upgrade their core products and implement multiple scenarios, help the core products achieve large-scale layout, and comprehensively accelerate the commercialization process.

Zhizi Xinyuan is a domestic technology company that creates “AI+ operations research” driven AI services. It focuses on automated discovery and optimization of algorithms and high-performance operators, and is committed to improving computational efficiency through automation and promoting the development and application of domestic computing power. This investment will inject strong development momentum into key areas such as core product development and technology optimization, accelerate diversified scenario coverage and ecological co-construction of core products, and continue to promote commercialization.

In the future, the Group will unswervingly continue to increase its investment layout in cutting-edge technology, deepen strategic cooperation with high-quality enterprises in segmented industries, explore the ecological value of soft and hard collaboration under the domestic substitution trend through capital empowerment and industrial collaboration, accelerate the implementation of AI in all scenarios, and promote the leapfrog development of China's artificial intelligence industry from basic applications to high-quality applications.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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