DHC Software (SHE:002065) has invested 300 million yuan to establish an artificial intelligence research institute in China's Guangxi Zhuang Autonomous Region, according to a Shenzhen Stock Exchange filing on Tuesday.
The Guangxi Southeast Artificial Intelligence Research Institute will be 90% owned by the company and 10% owned by its wholly owned subsidiary Beijing Donghua Hechuang Technology.
The software developer said it has selected Yulin City in Guangxi to leverage its locational advantages, policy support, and industrial foundation to expand its AI business.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments