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BINGO GROUP (08220.HK) and Yihai Changfeng have signed a memorandum of understanding to explore Business and related fields in AIGC.
On February 25, Gelonghui reported that BINGO GROUP (08220.HK) announced that on February 20, 2025, its indirectly wholly-owned subsidiary Taiyi Limited ("Taiyi") entered into a memorandum of understanding with Shenzhen Yihai Changfeng Technology Co., Ltd. ("Yihai Changfeng"). According to the memorandum of understanding, Taiyi intends to cooperate with Yihai Changfeng to engage in AI-generated content (AIGC) business through a joint venture, which is expected to be established in China with Taiyi and Yihai Changfeng holding 51% and 49% of the equity respectively. It is reported that the joint venture aims to engage in AI-generated content (AIGC).
Express News | Bingo Group - on 20 Feb Unit Entered Memorandum of Understanding With Shenzhen Yihai Changfeng Technology
BINGO GROUP (08220.HK) intends to establish a joint venture with a subsidiary of Kingnet Network to promote the business of generative AI games.
On February 13, 2023, BINGO GROUP (08220.HK) announced that on February 13, 2025, its indirect wholly-owned subsidiary, Huichi (Shanghai) Investment Consulting Co., Ltd., entered into a non-binding memorandum of understanding with Hangzhou Kaixing Network Technology Co., Ltd. ("Kaixing Network, a subsidiary of Kingnet Network (002517.SZ)"). According to the memorandum, the group plans to cooperate with Kaixing Network to promote generative AI gaming business through a joint venture, which will be established in China, with the group holding a 15% stake and Kaixing Network holding an 85% stake.
Express News | Bingo Group - Intends to Collaborate With Kaixing Network for Promotion of Generative Artificial Intelligence Game Business, Others
Express News | Bingo Group - Memorandum of Understanding on Potential Formation of Jv
BINGO GROUP (08220.HK) subsidiary has signed a promotion service framework agreement with Shenzhen Xin Feng Cultural Innovation Development.
On February 12, Glenwill announced that BINGO GROUP (08220.HK) entered into a promotional service framework agreement on February 12, 2025, with its joint venture partner Shenzhen Xinfeng Cultural Media Co., Ltd. (the main shareholder of the joint venture) by its indirectly owned non-wholly-owned subsidiary, Shenzhen Xingfeng Cultural Media Co., Ltd. According to the promotional service framework agreement, the joint venture will provide promotional services to the joint venture partner and its contacts in exchange for service fees, with the term expiring on February 12, 2027.
