Tianyang Technology, a company listed on China’s A-share market, plans to invest RMB 3.5–4 billion in building computing power services.
Source：
www.tansun.com.cn
A-share listed company Tianyang Technology announced that it has signed an agreement to invest RMB 3.5 billion to RMB 4 billion in a computing power services project with a lock-up period of up to 60 months. Public information shows that Tianyang Technology’s business covers products and services in emerging financial technologies—including artificial intelligence and blockchain—that empower the digital transformation of the financial industry. Last July, the company disclosed that it had entered the final stage of collaboration with a Hong Kong dollar-pegged stablecoin issuer.
