Core Viewpoint - The announcement highlights the establishment of a joint venture between Shanghai Jiuwu Yisheng and Beijing Wujie Yinchang Cultural Media Co., Ltd. to operate AI music business in China, marking a strategic move in the AI music industry [1] Investment Details - Shanghai Jiuwu Yisheng will invest a total of RMB 115 million, with RMB 320,000 allocated as registered capital and RMB 114.68 million for capital reserves [1] - The joint venture partner will invest a total of RMB 244 million, with RMB 680,000 as registered capital and RMB 243.7 million for capital reserves [1] - After the establishment, Shanghai Jiuwu Yisheng and the joint venture partner will hold 32% and 68% equity respectively, making the joint venture a non-wholly owned subsidiary of the partner [1] Strategic Collaboration - The collaboration is based on complementary advantages, aiming to integrate content strengths and technical capabilities for data-driven large-scale personalized AI music creation [1] - This initiative represents a critical step for both parties in competing for strategic positioning within the AI music industry, focusing on mutual benefits from content and technology [1]
星空华文拟成立合营公司 开展及运营AI音乐业务