TechFlow News: On February 11, according to a PRNewswire report, U.S.-listed Addentax Group Corp. (Yingxi Group) signed a memorandum of understanding on February 9 with two institutional investors backed by Middle Eastern royal families, securing a strategic investment of up to $200 million to support the company’s business development in artificial intelligence and cryptocurrency financial services.
Addentax stated that, if the transaction is completed, the funds will be used to expand its AI-driven fintech platform, broaden its suite of compliant cryptocurrency financial services, deepen market penetration in Hong Kong and the Asia-Pacific region, and continue investing in research and development. The transaction remains subject to due diligence, regulatory approvals, and the execution of definitive agreements.
