Zijin Mining to Invest 1 Billion Yuan in AI Partnership Fund

MT Newswires Live10:07

Zijin Mining Group (HKG:2899, SHA:601899) proposed to invest 1 billion yuan into a partnership fund that will mainly invest in artificial intelligence and embodied intelligence, according to a Hong Kong bourse filing on Wednesday.

The mining group's Hong Kong shares fell 2%, while Shanghai shares slipped 1% during Thursday's morning trade.

Zijin will subscribe for 20.4% of Xiamen Shidai Shenyuan Venture Capital Fund Partnership Enterprise (Limited Partnership) through its unit, Zijin Mining Equity Investment Management (Xiamen). The company is one of the fund's 13 investors.

The seven-year fund's total capital will amount to 4.90 billion yuan.

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