Core Viewpoint - Daming City (600094) announced the acquisition of a 19.4293% stake in Beijing Baicai Bang Technology Co., Ltd. for 694 million yuan, indicating a strategic move into the telecommunications sector focused on advanced communication solutions [1] Group 1: Company Overview - Daming City's wholly-owned subsidiary, Shenzhen Mingcheng Jinkong (Group) Co., Ltd., is set to purchase 28,876,041 shares of Baicai Bang, which represents 19.4293% of its total equity [1] - Baicai Bang is a high-tech enterprise engaged in 4G/5G/6G communication solutions, emphasizing the migration of traditional telecom network equipment to the cloud and providing SaaS services [1] Group 2: Business Focus - Baicai Bang's primary business includes integrating self-developed virtualization operating systems, MEC, and AI-RAN technologies to create simplified, intelligent, and user-friendly solutions for AI infrastructure [1] - The company aims to establish an end-to-end underlying architecture capability across the entire network [1]