This venture shows China’s AI ‘go-global’ strategy converging with Hong Kong’s innovation focus, NetDragon vice-chairman Simon Leung says
Shares of NetDragon closed unchanged at HK$11.61 on Friday.
The partnership reflects efforts by Chinese AI firms to expand the reach of their operations beyond the mainland, while bolstering Hong Kong’s campaign to reposition itself as an international innovation and technology hub.
Zhongke WengAI founder and chairman Waley Wang, said: “China needs to promote its AI technology not only in the domestic market, but also overseas.”
Wang said Zhongke WengAI will not only bring its advanced technology to Hong Kong, but also some capital to support its venture with Cherrypicks. “We can contribute to the future of AI in Hong Kong,” he said.
