State Administration for Market Regulation Releases Details on Joint Venture Formation Between DUIT and iFLYTEK

2 day ago / Read about 0 minute

Author：小编

The Second Department of Antitrust Law Enforcement under the State Administration for Market Regulation has officially announced the case concerning the establishment of a new joint venture by Di'an Utama Investment Technology Co., Ltd. (DUIT) and iFLYTEK Co., Ltd. The two entities have entered into a definitive agreement to collaborate on setting up a joint venture in Indonesia, with the primary objective of delivering cutting-edge artificial intelligence products and services. Upon the completion of the transaction, DUIT and iFLYTEK will assume joint control over the operations of the newly formed joint venture, ensuring a shared governance structure.

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