On September 30, ChineseAll made an announcement stating its intention to issue A-share stocks to a maximum of 35 designated investors, aiming to raise a total of no more than 2.833 billion yuan. Following the deduction of issuance expenses, the raised capital will be allocated towards enhancing digital copyright content resources, fostering the development of IP-derived content, conducting research and upgrading AI large model technologies, advancing AIGC multimodal content platform technologies, improving intelligent middleware technologies, and replenishing working capital.
