Hundred to 200 million Yuan group joint venture

Hundred-Vision (market, interrogation) September 23 evening Notice that the company intends to jointly invest 79 million U.S. dollars, about 483 million yuan, the establishment of the Shanghai Hundred Information Technology Development Co., Ltd. (tentative name) (hereinafter referred to as "joint venture"). The company plans to invest $40.29 million in cash, about 246 million yuan, and 51% in cash, and Microsoft plans to invest 38.71 million dollars, about 237 million yuan, and 49%.　　Both sides will take out their respective business-related core resources, in the new generation of home game entertainment technology, terminals, content, services and other areas of comprehensive cooperation. In the national policy framework of "China (Shanghai) free trade Pilot zone", through this joint venture, the company aims to create a first-class "new generation of home entertainment products" and a world-leading "Family recreation Center Service", which will promote "one cloud and multiple screens" in China and overseas. Business related technology, platform, terminal, content, network, service capabilities of the overall upgrade, to promote the company's game industry in the field of layout, to achieve the company's new media "Cross-regional", "cross-industry" development on a new level for the prosperity of the global family culture and entertainment to make efforts.