Footwear Firm C.BANNER to Acquire Controlling Stake in AI Data Service Provider Benyuan Zhishu

Deep News09:40

C.BANNER (ASX: 01028) has announced plans to acquire a controlling interest in domestic AI data service provider Benyuan Zhishu through a combination of share purchases and new share subscriptions. Upon completion, the AI data business will be consolidated into the group's financial statements, creating a dual-core business model of footwear and artificial intelligence data services.

Benyuan Zhishu, established in 2015, operates in the upstream segment of the AI industry chain. It is recognized as one of the few domestic suppliers with comprehensive data service capabilities covering large language models, world models, and embodied intelligence.

Management at C.BANNER stated: "We believe high-quality data is one of the most critical and scarce infrastructure components in the AI era. This transaction allows the group to leverage its stable consumer goods foundation to enter this rapidly growing sector. Together with Benyuan Zhishu, we aim to provide long-term, high-quality 'data fuel' for China's AI industry and create sustainable long-term value for shareholders under this dual-core business structure."

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