Taier Heavy Industry to Invest 10 Million Yuan into Partnership Fund

MT Newswires Live

Nov 27

Taier Heavy Industry (SHE:002347) plans to invest 10 million yuan into a partnership fund, according to a Shenzhen bourse filing on Thursday.

Shanghai Zizhu Xiaomiao Langkun Venture Capital Partnership (Limited Partnership) aims to reach a capital worth 300 million yuan and will focus on the artificial intelligence sector.

The Chinese transmission machinery manufacturer will own 3.33% of the fund.

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