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Xingyun Technology Secures $768M Computing Platform Service Deal

GateNews
AI Tools & Apps
According to Security Times, Xingyun Technology's subsidiary Hainan Xingyun Intelligent Computing Technology signed a five-year computing platform service agreement on July 1. The contract with a customer identified only as VC is worth 5.5 billion yuan (US$768 million), including tax. The agreement was initially valued at 4.9 billion yuan (US$676 million); a supplemental agreement adjusted pricing for remaining computing power units, raising the total contract value. Xingyun's board approved the deal, classifying it as a major contract in the ordinary course of business.
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