Kunlun Tech Co.,Ltd. (300418.SZ) Plans 200 Million Yuan Capital Injection in Skywork to Advance AGI and AIGC Business

Stock News2025-08-20

Kunlun Tech Co.,Ltd. (300418.SZ) announced that the company plans to use its wholly-owned subsidiary Kunlun Group as the main entity to inject 200 million yuan into its controlling subsidiary Skywork ("Tiangong"). Simultaneously, Beijing Kunlun Internet Intelligent Industry Investment Fund Partnership (Limited Partnership) ("Kunlun Fund") and Beijing Milewood Network Technology Co., Ltd. ("Milewood") also plan to participate in Skywork's capital increase. Kunlun Fund intends to convert 200 million yuan in convertible bonds previously provided into equity investment through a debt-to-equity swap, while Milewood plans to invest 100 million yuan.

The announcement shows that Skywork is the controlling entity for the company's AGI and AIGC business. Skywork is firmly advancing AI business development, focusing on the research and development and application of large models and multimodal technologies. The company continues to achieve breakthroughs in autonomous R&D of large models and AIGC, and has now constructed a full-stack technology system ranging from underlying general technologies to industry solutions. Through continuous deep cultivation in fundamental model research and development, it has formed closed-loop capabilities in core technology areas such as algorithm optimization and multimodal data fusion. Additionally, targeting different industry scenario requirements, it has created vertical model matrices to achieve technology empowerment, forming vertical application matrices including AI large models, AI intelligent assistants, AI video, AI music and audio, AI games, and AI social applications.

The announcement states that this financing will strongly promote the company's consolidation of core competitiveness in the artificial intelligence track, continuously enhance industry influence, and accelerate the transformation from a leading Chinese internet platform overseas enterprise to a top-tier artificial intelligence technology company, fully driving the rapid rise of the company's AGI and AIGC business segments.

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