WASU Technology to acquire 30% stake in Aoxing Technology for 300 million yuan, entering AI marketing

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Summary · why it matters

WASU Technology plans to acquire a 30% stake in Jiangxi Aoxing Technology Co., Ltd. with 300 million yuan of its own funds, entering the AI marketing sector. Aoxing Technology's core businesses include internet advertising agency, short drama distribution, e-commerce traffic generation, and AI Token agency, using AI technology to help clients acquire customers and achieve growth. After the transaction is completed, it will become an associated subsidiary of WASU Technology, helping the company cultivate a second profit growth curve. This week, southbound funds net bought Tencent Holdings for 7.729 billion Hong Kong dollars. Tencent's total revenue in the first half of the year was 401.243 billion yuan, up 10% year on year, of which marketing services revenue in the second quarter was 43.565 billion yuan, up 22% year on year. Lenovo Group's single-quarter operating revenue was 26.9 billion US dollars, a record high, up 43% year on year, with AI-related revenue up 60% year on year, accounting for 35% of total revenue.

Impact on stocks 3

Artificial Intelligence · 2 stocks
Others · 1 stocks
Zhejiang Whyis Technology Co.Ltd.
301218
▲ PositiveCapitalrelevance

WASU Technology (Zhejiang Whyis) is acquiring a 30% stake in Aoxing Technology, entering AI marketing, which is a capital investment.

Theme Impact 1

Off-coverage companies 1

Jiangxi Aoxing Technology Co., Ltd.Private▲ Positive
Capitalrelevance

Aoxing Technology receives a 300 million yuan investment from WASU Technology, becoming an associated subsidiary, which is a capital event.

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