Summary by Moomoo AI
SHUANGTANG GROUP CO., LTD. (“SHUANGYANG”) ANNOUNCED ON 7 MAY 2024 THAT ITS WHOLLY OWNED SUBSIDIARY SHANGHAI SHANTANG SMART TECHNOLOGY CO., LTD. SIGNED A STRATEGIC COOPERATION FRAMEWORK AGREEMENT WITH FUJIAN BIG DATA INDUSTRY INVESTMENT CO., LTD. AND SHANGHAI DAIMING CHENG ENTERPRISE CO., LTD. The agreement aims to combine the strengths of the three parties to provide computing, data and AI-centric cloud services, and actively participate in China's “AI+” action, to promote the digitalization of the industry and to promote technological collaboration in the two countries and Southeast Asia. Fujian Big Data Industry Investment is a holding subsidiary of Fujian Big Data Group Limited, while Daming City is a listed company on the Shanghai Stock Exchange and is a major property development and financial investment company. Shuangyu believes that this cooperation will help to expand marketing cooperation, explore development opportunities, and achieve business and operational diversification to meet the overall interests of the company and shareholders. Further binding cooperation agreements will be established on this framework agreement in the future.