Gelonghui, Feb. 2: Ruihe Digital (03680.HK) announced that on February 2, 2024, Suoxinda Shenzhen, an indirect wholly-owned subsidiary of the company, signed a partnership agreement with Advantage Financial Holdings, Quanzhou Big Data, Quanzhou Licheng Cultural Investment and Digital Government Communications to establish a limited partnership. According to the partnership agreement, the total investment of all partners in the limited partnership is RMB 100 million.
The limited partnership will mainly invest in the following fields: cloud computing, big data, artificial intelligence, the Internet of Things, smart cities, the IT application innovation industry, 5G and other digital economy and data solutions related businesses. A limited partnership can directly invest in the target project, participate in targeted increases in listed companies, and invest in the ultimate target project that meets the investment goals of the limited partnership by investing in shares of private equity investment funds set up by special purpose institutions or other private equity fund managers.
The board of directors believes that the establishment of a limited partnership is a positive response to the country's “digital economy” development strategy. Limited partnerships can make full use of policy resources and market resources, and combine the Group's technological advantages to create synergy effects to promote smart city construction, data asset registration, information technology application innovation industry development, and localized information technology construction.
As a domestic AI big data and artificial intelligence solution provider, the Group has advantages such as data access, data governance, data warehouse management, intelligent and accurate data marketing, AI big models, omnichannel resources and big data industry platform integration. The Group will closely follow the national strategy, give full play to its advantages in big data and artificial intelligence technology, actively explore innovative applications of data assets, expand the application business model of data elements in more industries, enhance the promotion of big data applications in government enterprises, financial institutions and Internet systems, promote the development of information technology construction and large terminal industries, enable innovative applications of emerging technologies such as AI big data, and strengthen in-depth cooperation with ecological chain enterprises, thereby enhancing the Group's core competitive advantage.
In the dynamic landscape of the digital age, the Group will continue to create a broader business cooperation model and new strategic circuit, and consolidate the Group's influence in the information technology industry and artificial intelligence technology, thereby continuously improving the company's profitability and creating long-term market returns for shareholders.