Sand.ai

According to 36Kr, Wangsu Technology announced plans to invest 300 million yuan of its own funds to subscribe to Sand.ai's Cayman Islands A+ round preferred shares, resulting in a 4.3963% stake in Sand.ai. As a transitional arrangement, the company will provide 300 million yuan of convertible bonds to Shanghai Sandai Technology and obtain A+ round warrants. Sand.ai was founded in January 2024 and focuses on research and development of visual content generation models and video model-based applications.