Dongguan AI Application Innovation Co., Ltd. has recently been inaugurated, with Yu Xiangchen appointed as its legal representative and an initial investment of RMB 100 million. The company's portfolio encompasses a wide range of services, including industrial internet data services, big data analytics, software development, sales, and software outsourcing. The shareholder composition reveals a strategic partnership, with Dongguan Digital Economy Development Group Co., Ltd. and Dongguan Binhaiwan New Area Holding Co., Ltd. jointly owning stakes in the venture.