7Road (00797) unit to invest in IT company

   7Road Holdings Limited (00797) said its subsidiary Wuxi 7Road has entered into a framework agreement in relation to an investment in an information technology company.
  Pursuant to the agreement, Wuxi 7Road, as the potential investor, shall invest in the target company and, meanwhile exerting its own advantage in the industry, perform businesses coordination and integrate industry resources, by further facilitating the game business development of the company through the construction and operation of game cloud, clouding storage, big data and etc. of the target company, in order to be well-arranged in the cloud gaming business and game cloud business.
  The potential cooperative parties are willing to, according to respective industry policies and schemes, promote the clustering of relevant industries in the area where the project undergo and support the development of the project. Currently, the target company is planning to establish and operate research and development facilities and businesses for game cloud, big data, artificial intelligence, cloud computing and storage services in the Yangtze River Delta regions.