Flowing Cloud Technology Ltd. (HK:6610) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Flowing Cloud Technology Ltd., a subsidiary of Beijing Flowing Cloud, is collaborating with NEEO FUND and other partners to create the Smart Navigation Fund, a venture capital initiative aimed at investing in early-stage innovative tech firms in the Metaverse, AI, and digital economy. The fund will be managed by NEEO FUND, focusing on next-gen information technology and spatial computing, with a total contribution of RMB101 million, of which Beijing Flowing Cloud will contribute RMB10 million. This strategic partnership is expected to bolster digital economy enterprises and empower applications across various scenarios.
For further insights into HK:6610 stock, check out TipRanks’ Stock Analysis page.