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On June 5, KTC announced on an interactive platform that it had made a 150 million yuan investment in the Pre-IPO round financing of Shanghai StepFun Intelligent Technology Co., Ltd. KTC is primarily involved in the research, development, and manufacturing of intelligent display terminals. Meanwhile, StepFun focuses on end-side intelligent technologies and possesses robust technical expertise in areas such as lightweight inference, multimodal understanding, and local terminal deployment. The business operations of the two companies are highly complementary. Moving forward, the two sides will intensify their industrial collaboration, jointly undertake product R&D iterations and upgrades across a full spectrum of products, and foster new avenues for business growth.
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