Enlight Media invested 61.5 million yuan in Danghong Technology to enter the multimedia market

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Danghong Technology will provide a complete set of video cloud services for the network theaters of the company's affiliated company Beijing Sincan Network Technology Co., Ltd., provide video solutions for all terminals (mobile phones, PC+ H5, OTT, VR), and will provide them with innovative video interactive product support. Enlight Media invested its own funds of 61.5 million yuan in Hangzhou Danghong Technology Co., Ltd. After the investment was completed, the company held 14.5% equity of Danghong Technology.

Enlight Media invested its own funds of 61.5 million yuan in Hangzhou Danghong Technology Co., Ltd. After the investment was completed, the company held 14.5% equity of Danghong Technology.

Enlight Media invested in Hangzhou Danghong Technology Co., Ltd.(referred to as "Danghong Technology") with its own funds of 61.5 million yuan. After the investment was completed, the company held 14.5% equity of Danghong Technology.

Danghong Technology was established in 2010. It was a wholly-owned subsidiary of ArcSoft, a world-renowned multimedia technology manufacturer. It owns ArcSoft's video intellectual property rights, business and team. Its main business includes ArcVideo enterprise-level solutions and ArcVideo Cloud Service Operation.

Danghong Technology has many years of in-depth cooperation with upstream and downstream partners such as Intel and NVIDIA, mobile chip manufacturers such as Qualcomm and Samsung, and numerous set-top box chip manufacturers, and has always maintained its forward-looking technology and product leadership., always at the forefront of the industry. In terms of talents, Danghong Technology focuses on the absorption and cultivation of high-end talents. Its management team is experienced and has an average of more than 10 years of technical experience. The R & D team is mainly composed of doctoral and master's degrees and has strong professional capabilities. Danghong Technology also has a group of high-quality algorithm scientists and pioneering and innovative market product experts to provide support for its long-term and stable development.

In addition, Danghong Technology is planning to list in China and will have extremely high capital investment value.

Enlight Media said that the company's investment in Danghong Technology is due to the need to set foot in the multimedia market, develop the company's business, and expand the company's industrial chain layout. Danghong Technology will provide a complete set of video cloud services for the network theaters of the company's affiliated company Beijing Sincan Network Technology Co., Ltd., provide video solutions for all terminals (mobile phones, PC+ H5, OTT, VR), and will provide them with innovative video interactive product support.

[Original Announcement]

Enlight Media: Announcement on Foreign Investment

Editor: vian