Zeng Yuqun Invests $6.4 Billion in Computing Power Giant

Zeng Yuqun, the chairman of Contemporary Amperex Technology Co. Ltd. (CATL), is making a strategic move in the AI arena by acquiring a significant stake in Century Huatong.

Through affiliated company PJ Millennium, Zeng is set to purchase up to approximately 650 million shares of Class A common stock from Century Huatong, a leading player in data center operations with over 50 facilities and a strong foothold in AI technology.…

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