Qunxing Toys: Subsidiary Signs 1.13 Billion Yuan Computing Power Service Agreement with Tencent

Quanxing Toys announced on the evening of May 18 that its subsidiary, Turing Engine Technology, has signed a computing power service agreement with Tencent Technology (Shenzhen) Limited. Under the agreement, Turing Engine will provide cluster computing power services to Tencent, including but not limited to computing, storage, networking, database, security, artificial intelligence, machine learning products, and related technical services. The amount of the computing power service agreement is 1.13 billion yuan.