TechFlow News, May 9: Tianyang Technology, a company listed on China’s A-share market, announced that it has signed an agreement to invest RMB 3.5–4 billion in a computing power services project with a lock-up period of 60 months. Public information shows that Tianyang Technology’s business covers products and services in emerging financial technologies—including artificial intelligence and blockchain—to empower the digital transformation of the financial industry. Last July, the company disclosed that it had entered the final stage of cooperation with a Hong Kong dollar–pegged stablecoin issuer.
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