AVCiT establishes a new subsidiary that includes multiple AI businesses
According to the Qichacha APP, recently, Hainan Xingwei Technology Co., Ltd. was established, with Fang Hua as the legal representative and a registered capital of 10 million yuan. The business scope includes: development of artificial intelligence theories and algorithm software; development of artificial intelligence application software; development of artificial intelligence basic software; sales of communication equipment, etc. Qichacha's equity penetration shows that the company is wholly owned by AVCiT
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