MetaLight (HKG:2605) said a consolidated affiliated entity, Wuhan Yuanguang Technology, agreed to invest 40 million yuan in an artificial intelligence-focused venture capital partnership, according to a Monday Hong Kong bourse filing.
The partnership will have a total subscribed capital of 101.1 million yuan and will primarily invest in artificial intelligence-related sectors within the digital economy.
Wuhan Yuanguang will participate as a limited partner alongside Guangzhou Angel Master Fund and Yuehe Ruicheng, while Chuangxiang Shidai Investment will serve as the general partner and fund manager.
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