Flowing Cloud Technology Ltd. (HK:6610) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.