Huanxi Media Group and Stepfun Announce Strategic Joint Venture

Reuters
Nov 11
<a href="https://laohu8.com/S/01003">Huanxi Media</a> Group and Stepfun Announce Strategic Joint Venture

Huanxi Media Group Limited has announced the signing of a framework agreement for strategic cooperation with Shanghai Stepfun Intelligent Technology Co., Ltd. The two parties intend to establish a joint venture that will combine Huanxi Media's strengths in the film and television sector with Stepfun's expertise in large model technologies. The collaboration aims to focus on data cooperation and the joint exploration of large model applications in film and television production, interactive entertainment, and gaming. Huanxi Media expects this partnership to expand business opportunities, diversify revenue streams, reduce production costs, and enhance overall financial performance. Detailed terms of the cooperation will be finalized in future definitive agreements.

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