Visual China and Tianjin Wuqing Development Zone have reached a strategic cooperation agreement to jointly establish an artificial intelligence industry fund.

Recently, Visual China Group officially signed a cooperation agreement with the Wuqing Development Zone in Tianjin on the Artificial Intelligence Fund. The fund was initiated and established by Tianjin Uda Industrial Investment Group Co., Ltd., a subsidiary industrial investment platform of the Wuqing Development Zone, with Beijing Shangrong Capital Management Co., Ltd. serving as the fund manager. The fund will focus on investing in sub-funds that can empower key industries and projects in the Wuqing District of Tianjin, as well as high-quality projects that can synergize with key industries in the district. The investment direction covers areas such as artificial intelligence, big data, and high-end equipment manufacturing.