FilingReader Intelligence
Xinhuanet takes control of cloud technology joint venture
August 8, 2025 at 05:10 PM UTC•By FilingReader AI
Xinhuanet increased its stake in Xinhuanet Smart Cloud Technology from 45% to 51% by repurchasing 6% equity for RMB 150 million, gaining control of the joint venture.
The company's venture capital subsidiary is also participating in two new investment partnerships that have raised a combined RMB 88.11 million.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
Progress announcement by Xinhua Net Co., Ltd. regarding its wholly-owned subsidiary's participation in the investment in Xinhua Net Zhixin (Nantong) Equity Investment Partnership (limited partnership)August 8, 2025 at 08:00 AM UTC
Progress announcement by Xinhua Net Co., Ltd. regarding its wholly-owned subsidiary's participation in the investment and establishment of Xinhua Net Shengshi Qingshi Qingneng (Nantong) equity investment partnership (limited partnership)August 8, 2025 at 08:00 AM UTC
SSE:603888•Shanghai Stock Exchange
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