Group 1 - The Hong Kong government has achieved significant results in attracting investment, with over 1.5 million local companies registered and more than 15,000 non-Hong Kong companies registered as of July 2023, both reaching historical highs [1] - The Investment Promotion Agency has assisted 1,333 companies in establishing or expanding their businesses in Hong Kong from January to July 2023, injecting HKD 174 billion in first-year direct investment and creating over 19,000 new jobs [1] Group 2 - The Office for Attracting Key Enterprises has successfully brought in 84 key enterprises in cutting-edge technology, expected to generate approximately HKD 50 billion in investment and create over 20,000 job opportunities in the coming years [3] - The upcoming fifth batch of key enterprises will include over ten companies, bringing the total number of enterprises attracted since the office's establishment in late 2022 to around 100, with many from overseas markets, including leading pharmaceutical companies [3] Group 3 - Hong Kong Investment Management Company plays a crucial role as the government's "patient capital," focusing on nurturing local startups and leveraging its international network to discover and invest in quality teams and enterprises from mainland China and abroad [4] - The company has invested in over 100 projects, with more than 10 companies already submitted or preparing to submit applications for listing in Hong Kong [4] - Each HKD 1 invested by the Hong Kong Investment Management Company has attracted over HKD 5 in market long-term funding, sourced from sovereign funds, pension funds, and various investment entities [4]

Investment Overview - The company, through its wholly-owned subsidiary 37 Starseek Co., Limited, plans to invest in SX Global Flagship Fund II L.P., with a total expected scale of up to $300 million. The subsidiary intends to contribute no more than $10 million, representing approximately 3.33% of the fund's total size if it reaches $300 million [1][2][7]. Investment Purpose and Strategy - The investment aims to target high-quality enterprises in cutting-edge technology, Software as a Service (SaaS), and other tech-related fields, aligning with the company's strategic layout in advanced technology and capital appreciation [2][12]. Partner Information - The general partner of the fund is SX Global Advisors Limited, which focuses on research and investment opportunities in leading technology companies. The firm has experience in the relevant investment sectors [3][4]. Fund Structure and Terms - SX Global Flagship Fund II L.P. is structured as an exempted limited partnership registered in the Cayman Islands, with a lifespan of 10 years, extendable by the general partner with limited partner committee approval [8][9]. Financial and Operational Impact - The investment is made using the company's own funds and does not involve fundraising or constitute a related party transaction. The company will follow relevant regulations and disclosure obligations regarding this investment [2][3][13]. Compliance and Disclosure - The company commits to adhering to the Shenzhen Stock Exchange's regulations and will fulfill its information disclosure obligations regarding the investment's progress [3][14].

Investment Overview - Company’s wholly-owned subsidiary, 37 Starseek Co., Limited, plans to invest in SX Global Flagship Fund II L.P., with a maximum investment of $10 million out of a total fund size not exceeding $300 million [1][2] - If the fund reaches its maximum size, the investment from 37 Starseek would represent approximately 3.33% of the total fund [1] Investment Purpose and Strategy - The fund will focus on investing in high-quality companies in cutting-edge technology, Software as a Service (SaaS), and other tech-related fields, aligning with the company's strategic layout in advanced technology and capital appreciation [2][14] - SX Global Advisors Limited, the general partner, specializes in analyzing data and transaction opportunities in leading tech companies [2] Regulatory Compliance - The investment does not involve fundraising, does not constitute a related party transaction, and does not meet the criteria for a major asset restructuring as per relevant regulations [2][3] - The investment has been approved by the company’s chairman and does not require further approval from the board or shareholders [2] Partner Information - SX Global Advisors Limited is registered in the Cayman Islands with a capital of $50,000 and was established on March 24, 2025 [3][4] - 37 Starseek Co., Limited is also a limited liability company registered in the British Virgin Islands, with the same capital and established on May 5, 2023 [6] Fund Structure and Terms - The fund is structured as an Exempted Limited Partnership, with a lifespan of 10 years, extendable by the general partner [8][10] - The investment will be made in cash, and the fund will undergo liquidation at the end of its term [9][11] Profit Distribution - Profits from the fund's investments will be distributed according to the partnership agreement, with limited partners receiving their investment costs first, followed by profit sharing with the general partner [12][13] Impact on Company - The collaboration with a professional investment institution is expected to reduce investment risks and enhance potential returns, aligning with the company's growth needs and benefiting all shareholders [14] - The investment is not anticipated to have a significant short-term impact on the company's financial status or operational results [14]

Core Viewpoint - Company 37 Interactive Entertainment (002555.SZ) announced that its wholly-owned subsidiary, 37 Starseek, plans to invest in SX Global Flagship Fund II L.P. with a maximum investment of $10 million, representing approximately 3.33% of the fund's total expected size of $300 million [1] Group 1 - The total expected size of SX Global Flagship Fund II L.P. is projected to be no more than $300 million [1] - 37 Starseek will contribute up to $10 million from its own funds to subscribe for shares in the fund [1] - SX Global Advisors Limited will act as the general partner and will contribute no less than 2% of the total committed capital of the fund [1] Group 2 - The fund will focus on investing in cutting-edge technology, Software as a Service (SaaS), and other technology-related sectors [1] - This investment aligns with the company's strategic layout in the frontier technology field and aims to achieve capital appreciation [1]

Group 1 - The core point of the article is that 37Starseek, a wholly-owned subsidiary of Sanqi Interactive Entertainment, plans to invest in SX Global Flagship Fund II L.P. with a commitment of up to $10 million [1] - SX Global Flagship Fund II L.P. has a total expected size of no more than $300 million, with SX Global Advisors Limited as the general partner contributing at least 2% of the total committed capital [1] - The fund will focus on investing in high-quality companies in cutting-edge technology, Software as a Service (SaaS), and other tech-related fields to align with the company's strategic layout in frontier technology and achieve capital appreciation [1] Group 2 - SX Global Advisors Limited, the general partner of the fund, specializes in researching business data and transaction opportunities of leading technology companies and has investment experience in the fields of frontier technology, SaaS, and other tech sectors [1]

Core Viewpoint - The company 37 Interactive Entertainment (002555.SZ) announced an investment of up to 10 million USD in SX Global Flagship Fund II L.P., which has a total expected scale of up to 300 million USD, focusing on cutting-edge technology, Software as a Service (SaaS), and other tech-related fields [1] Group 1 - The investment will be made by the company's wholly-owned subsidiary, 37 Starseek Co., Limited [1] - The fund's investment direction includes advanced technology and SaaS [1] - The total scale of the SX Global Flagship Fund II L.P. is projected to be no more than 300 million USD [1]

Core Viewpoint - The company, 37 Interactive Entertainment (三七互娱), announced an investment of up to $10 million in the SX Global Flagship Fund II L.P., which has a total expected scale of up to $300 million, focusing on cutting-edge technology, Software as a Service (SaaS), and other tech-related fields [1] Company Summary - 37 Interactive Entertainment's wholly-owned subsidiary, 37Starseek Co., Limited, will utilize its own funds for the investment [1] - The investment aligns with the company's strategy to engage in advanced technology sectors and diversify its investment portfolio [1] Industry Summary - The SX Global Flagship Fund II L.P. is expected to target investments in frontier technology and SaaS, indicating a growing interest in these sectors within the investment landscape [1] - The total fund size of up to $300 million reflects significant capital allocation towards technology-driven opportunities [1]

Core Viewpoint - Alibaba has invested in a new fund, Infinite Exploration, which is closely associated with Tsinghua University, indicating a strategic focus on early-stage projects from academic institutions [1][5][6]. Group 1: Fund Details - The newly established fund, Infinite Horizon Haihe (Tianjin) Venture Capital Partnership, has a total investment amount of 140 million yuan (approximately 21 million USD) and focuses on equity investment, venture capital, and investment management [2]. - The fund's LP (Limited Partner) lineup includes notable investors such as Tianjin Tiankai Jiuan Haihe Haitang Equity Investment Fund, Alibaba Venture Capital, Sequoia Yuhui (Xiamen) Equity Investment Partnership, and Beijing Haitiansheng Technology Co., Ltd. [2][3]. Group 2: Investment Strategy - Alibaba's participation as an LP is significant, as it aims to collaborate with universities to target the source of technological innovation [6][8]. - The fund's major LP, Tianjin Tiankai Jiuan, is backed by alumni entrepreneurs from Tianjin University and focuses on investing in hard technology projects related to the university [3][5]. Group 3: Market Context - The involvement of market-oriented LPs like Alibaba is crucial for the venture capital and private equity landscape, especially as traditional LPs have become more cautious in their investments [7]. - The trend of universities and listed companies collaborating in the venture capital space is growing, with many institutions actively seeking to commercialize their technological innovations [8].

Core Insights - The 2025 China Outdoor Sports Industry Conference will be held in Dali, Yunnan, in mid to late October, focusing on three main highlights: "first-release economy," "cutting-edge technology," and "cross-industry integration" [1][2] Group 1: Conference Highlights - The conference will feature a "first-release" event to showcase new products, business models, and consumption activities aimed at driving industry growth [1] - It will gather international experts and industry representatives to discuss trends in smart products and tools, emphasizing technological advancements in the outdoor sports sector [1] - The event aims to explore innovative integrations between outdoor sports and sectors such as finance, media, and cultural trends, addressing industry pain points [1] Group 2: Activities and Engagement - The main activities will revolve around themes such as outdoor sports culture dissemination, market marketing, and financial support for high-quality industry development [2] - The conference will include various specialized activities focusing on hot topics in outdoor sports and international cooperation [2] - Dali will host events like the China Wan Shui Qian Fan Race and Dali Hiking, enhancing the conference's brand influence and outreach [2]

Core Insights - The 2025 China Outdoor Sports Industry Conference will be held in Dali, Yunnan, in mid-October, marking a new phase in the preparation process [1][2] - The conference aims to enhance brand influence, promote high-quality development of the sports industry, and integrate sports into the national economic development framework [2][4] Group 1: Conference Highlights - The conference will focus on three main themes: "Launch Economy," "Technology Outdoors," and "Cross-Industry Integration," with activities including a "launch debut" event to showcase new products and consumption forms [2][4] - The opening ceremony will feature an outdoor setting that combines ethnic cultural elements with cutting-edge technology, presenting the latest developments in the outdoor sports industry [4][5] Group 2: Regional Development and Support - Yunnan Province will leverage its outdoor resources to create a development hub in the "Great Shangri-La" area and promote outdoor sports as a bridge for openness along the Belt and Road Initiative [3] - Dali, recognized as a year-round outdoor sports city, is enhancing its infrastructure and service capabilities to ensure a successful conference and promote high-quality outdoor sports tourism [3][5] Group 3: Event Structure and Activities - The conference will include five innovative activity segments aimed at exploring new paths for the integration of outdoor sports with finance, media, and national trends [4][5] - Major events will feature four national-level competitions, including the Dali Ring Erhai Lake Cycling Race and the Dali Hiking Event, expected to attract nearly 10,000 participants [5]