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Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement
Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement

Zawya

time18 hours ago

  • Business
  • Zawya

Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement

HONG KONG SAR - Media OutReach Newswire - 20 June 2025 - Easou Technology Holdings Limited ("Easou" or the "Company," together with its subsidiaries, collectively referred to as the "Group"; HKEX stock code: 2550)a leading AI-powered search and recommendation technology company, is pleased to announce that it has entered into a placing agreement with Growth Value LTD to raise approximately HKD 183.5 million through the placement of 57,330,000 new shares (the "Placing Shares") at a placing price of HKD 3.2 per share (the "Placing"). The Company presently intends to use the net proceeds from the Placing to fund: the research and development of its AI recommendation engine and artificial intelligence-generated content (AIGC), enabling new application scenarios across various entertainment verticals. Proceeds will support the expansion of its online gaming and short drama content in overseas markets, as well as the ongoing upgrades and development of its intelligent advertising platforms. This transaction will strengthen Easou's capital base and enhance its financial position and net assets base for long-term development and growth. The funds raised will enhance the Group's research and development capabilities, reinforce its technological edge, support its positioning as a third-party online reading platform, and accelerate the expansion of its digital marketing services and international business. In a demonstration of confidence in the Company's future, Mr. Wang Xi, Executive Director, Chairman, and CEO of Easou, has voluntarily committed not to sell any of his shares for 75 days from the date of the agreement. Mr. Wang Xi commented: "This fundraising marks a pivotal step in the Group's strategy to build its AI+ content ecosystem. By prioritizing investment in the research and development of AI recommendation engines and AIGC technologies, we are empowering the growth of our digital marketing services while accelerating the rollout of high-potential content formats such as short dramas and online games. At the same time, our overseas expansion strategy is aimed at capturing the vast opportunities presented by the global AI market. This transaction will significantly enhance Easou's capital base and investor foundation, further strengthening our leadership in the rapidly evolving AI era." Hashtag: #Easou #AI #AIGC The issuer is solely responsible for the content of this announcement. About Easou Technology Holdings Limited Easou Technology Holdings Limited (HKEX: 2550) is a China-based digital technology company specializing in AI-powered content distribution and recommendation. Founded in 2005 and headquartered in Shenzhen, it is recognized as a National High-Tech Enterprise and an Innovative SME. Easou's core businesses span digital marketing, online reading, game publishing, and other digital content services. Its proprietary AI recommendation engine underpins personalized content delivery and ad targeting across these verticals, making it one of China's earliest commercial adopters of AI recommendation technologies. Easou Technology Holdings Limited

Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement
Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement

Malay Mail

time18 hours ago

  • Business
  • Malay Mail

Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement

HONG KONG SAR - Media OutReach Newswire - 20 June 2025 -("Easou" or the "Company," together with its subsidiaries, collectively referred to as the "Group"; HKEX stock code: 2550)a leading AI-powered search and recommendation technology company, is pleased to announce that it has entered into a placing agreement with Growth Value LTD to raise approximately HKD 183.5 million through the placement of 57,330,000 new shares (the "Placing Shares") at a placing price of HKD 3.2 per share (the "Placing").The Company presently intends to use the net proceeds from the Placing to fund: the research and development of its AI recommendation engine and artificial intelligence-generated content (AIGC), enabling new application scenarios across various entertainment verticals. Proceeds will support the expansion of its online gaming and short drama content in overseas markets, as well as the ongoing upgrades and development of its intelligent advertising transaction will strengthen Easou's capital base and enhance its financial position and net assets base for long-term development and growth. The funds raised will enhance the Group's research and development capabilities, reinforce its technological edge, support its positioning as a third-party online reading platform, and accelerate the expansion of its digital marketing services and international business. In a demonstration of confidence in the Company's future, Mr. Wang Xi, Executive Director, Chairman, and CEO of Easou, has voluntarily committed not to sell any of his shares for 75 days from the date of the Wang Xi commented: "This fundraising marks a pivotal step in the Group's strategy to build its AI+ content ecosystem. By prioritizing investment in the research and development of AI recommendation engines and AIGC technologies, we are empowering the growth of our digital marketing services while accelerating the rollout of high-potential content formats such as short dramas and online games. At the same time, our overseas expansion strategy is aimed at capturing the vast opportunities presented by the global AI market. This transaction will significantly enhance Easou's capital base and investor foundation, further strengthening our leadership in the rapidly evolving AI era."Hashtag: #Easou #AI #AIGC The issuer is solely responsible for the content of this announcement. About Easou Technology Holdings Limited Easou Technology Holdings Limited (HKEX: 2550) is a China-based digital technology company specializing in AI-powered content distribution and recommendation. Founded in 2005 and headquartered in Shenzhen, it is recognized as a National High-Tech Enterprise and an Innovative SME. Easou's core businesses span digital marketing, online reading, game publishing, and other digital content services. Its proprietary AI recommendation engine underpins personalized content delivery and ad targeting across these verticals, making it one of China's earliest commercial adopters of AI recommendation technologies.

Tell us your favourite music album of 2025 so far
Tell us your favourite music album of 2025 so far

The Guardian

time10-06-2025

  • Entertainment
  • The Guardian

Tell us your favourite music album of 2025 so far

The Guardian's music writers are compiling their favourite albums of the year so far – and we'd like to hear about yours, too. Have you listened to a new album that has had you hooked? Or one you'd recommend? Tell us your nomination and why you like it below. You can tell us your favourite album of the year so far using this form. Please include as much detail as possible. Please note, the maximum file size is 5.7 MB. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. Your contact details are helpful so we can contact you for more information. They will only be seen by the Guardian. If you include other people's names please ask them first.

WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates
WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates

National Post

time06-05-2025

  • Entertainment
  • National Post

WEBTOON Entertainment Revolutionizes Webcomic Discovery with Innovative New Personalization Features and Product Updates

Article content The suite of updates delivers improved discovery features and a personalized experience to make finding your next favorite webcomic as simple as browsing a streaming service Article content Article content Product enhancements include an advanced AI recommendation model, revamped onboarding experience, a new search system, and a 'New & Hot' tab — all designed to improve content discovery on WEBTOON Article content LOS ANGELES — WEBTOON Entertainment Inc. (NASDAQ: WBTN), a leading global entertainment company and home to some of the world's largest storytelling platforms, today announced major updates to enhance webcomic discovery and personalize recommendations on its global platforms, including the English-language service. The suite of product updates makes webcomic discovery more like browsing a streaming service, with AI-powered personalized recommendations, dynamic video content previews, and a new onboarding process to better understand user preferences. The new features will make it easier than ever to find and fall in love with some of the world's best stories. Along with its new content discovery features, the platform is also rolling out the ability to unlock an entire series, giving readers a new way to binge their favorite stories. Article content 'As the category creator who built the massively popular webcomic format, innovation is core to what we do,' said Yongsoo Kim, Chief Strategy Officer and Head of Global WEBTOON. 'WEBTOON has already transformed how the world reads comics, and today we're revolutionizing how fans find their next favorite story. When faced with a vast catalogue of content from around the globe, it can be hard to know what to read next. We want our audience to spend their time enjoying a story, not looking for one. We're making the WEBTOON experience more like browsing the world's most immersive streaming and entertainment platforms, delivering personalized recommendations that take your tastes and reading history into account.' Article content WEBTOON's new discovery features and updates include: Article content AI-powered personalized recommendations: In a major overhaul to content discovery, WEBTOON's new AI-powered recommendation engine combines insights from user onboarding, reading history, and preferred drawing styles to display personalized recommendations. Users will now select their favorite genres and themes during onboarding, enabling stronger personalization on the WEBTOON Home tab and throughout the WEBTOON platform experience. Article content A 'New and Hot' tab, including trailer-style content previews: As the company continues to explore dynamic new content and preview formats, users will now see short, trailer-style preview videos promoting new releases and trending titles within the 'New & Hot' tab. These animated content previews make the WEBTOON experience more like scrolling a streaming service, delivering an immersive glimpse into some of WEBTOON's most compelling series. Article content Introducing keyword-based search: The platform has enhanced the search function, making it easier for users to find titles using themes and keywords — not just exact matches. Supporting stronger discovery across WEBTOON's massive library, improved search empowers fans to explore the wide variety of creators and series on the platform. Article content A new way to unlock series: For binge-readers or those who prefer full access to read on their own schedule, users now have the ability to unlock an entire series for select completed titles. The new option gives readers more control over how and when they read, and provides additional monetization opportunities for creators. Article content Article content Article content Article content Article content

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