-- Ruihe Data Technology (HKG:3680) agreed to invest 73.3 million yuan in an artificial intelligence-focused investment fund, according to a Friday disclosure with the Hong Kong bourse.
The company will make the investment in Houze Equity Investment Partnership through its subsidiary Ruihe Data Shenzhen for a 7.23% stake in the fund.
The fund intends to invest in unlisted artificial intelligence companies, with a planned operation period of five years, unless extended.