China Vanguard Group (02513.HK) completed a placement of approximately 31.4 billion Hong Kong dollars, continuing to focus on the development of large-scale model technologies.

According to the China Fortune Financial APP, Wisdom Map (02513.HK) announced on July 9 that it had completed a approximately HK$31.41 billion placement, and the funds raised will be mainly used for research and development of the base model, construction of computing power infrastructure, commercial expansion, and global ecological layout. Against the backdrop of the accelerating global large-scale model competition, this financing will provide more resources for the next stage of model research and technological investment for Wisdom Map.