Quick Takeaways
- Seres Group AI subsidiary strengthens the group’s presence in intelligent robotics and AI software development.
- The new Shanghai-based unit focuses on AI algorithms, applications, and foundational software capabilities.
On January 27, Chongqing Phoenix Technology Co. Ltd., an indirect holding subsidiary of Seres Group Co. Ltd. (Seres Group), announced the establishment of a wholly owned unit named Shanghai Phoenix Technology Co. Ltd. with a registered capital of CNY 50 million, marking a strategic step in the creation of a Seres Group AI subsidiary.
Strategic intent behind the Seres Group AI subsidiary
The formation of the Seres Group AI subsidiary highlights the company’s focus on strengthening its technology base through dedicated artificial intelligence and robotics capabilities. By setting up operations in Shanghai, the group aims to leverage the city’s innovation ecosystem and talent pool to accelerate advanced research and development.Core business scope and technology focus
According to the disclosed business scope, the newly established entity will engage in:- Research and development of intelligent robots
- Development of AI basic software platforms
- Development of AI application software
- Development of AI theories and algorithm software
Company Press Release
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