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Recently, Changxin Xinju, a fully-owned subsidiary of Changxin Technology, took part in the capital increase and share expansion initiative of AJE Tech, which is a majority-owned subsidiary of Kunlun Tech. Changxin Xinju invested RMB 150 million to secure a 3.7002% equity stake. In this funding round, AJE Tech successfully raised a total of RMB 550 million, achieving an overall valuation of approximately RMB 4.054 billion. The primary goal of this capital increase is to bolster AJE Tech's financial robustness, advance the growth of its AI computing chip business, and pave the way for its future independent listing. This move signifies Changxin Technology's formal foray into the AI core hardware sector, fostering the synergistic development of the storage and computing industries.
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