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Rate Of ReturnThe old ones are being sold, and artificial intelligence is entering the Singularity Peak.
Old Is Sold, AI Is In For Qidian Guofeng
Qidian Guofeng is divesting its loss-making home appliance business to focus on AI technology. The company, which has interests in various sectors, will transfer its appliance arm to a subsidiary controlled by its chairman for no cost, while waiving 1.5 billion yuan in debt. This move aims to streamline operations and reduce financial burdens, despite the appliance segment being a major revenue source. Recently, Qidian Guofeng also entered the AI market through a distribution deal with Metax, a graphics processor manufacturer, signaling a strategic shift towards AI computing.
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