Zhang Hao Appointed Chairman of Tencent Music
Tencent Music Entertainment Technology (Shenzhen) Co., Ltd. has undergone a leadership change, with Zhang Hao appointed as the new legal representative, chairman, and manager, succeeding Hu Min. The company, established in 2017 and fully owned by Tencent Music Entertainment Hong Kong Limited, focuses on digital product development in areas like mobile media and gaming. Separately, Fujian Dongnan Xibei Technology Group (Fubu Si), an AI and industrial internet company in the textile sector, announced the completion of its Series B and B+ funding rounds, securing over 100 million RMB from various investors. This capital infusion will support the acceleration of AI large models and agents in the textile industry, the upgrade of intelligent manufacturing bases, and global expansion. AI
IMPACT The funding for Fubu Si is expected to accelerate AI adoption in the textile industry, potentially transforming manufacturing processes and global supply chains.