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The State Administration for Market Regulation announces the case of DUIT and iFlytek establishing a new joint venture
Mars Finance reports that the State Administration for Market Regulation’s Anti-Monopoly Enforcement Division II has announced the case of Dean Utama Investment Technology Co., Ltd. and iFlytek Co., Ltd. establishing a new joint venture. Dean Utama Investment Technology Co., Ltd. and iFlytek Co., Ltd. have signed a transaction agreement to establish a new joint venture in Indonesia. The joint venture will provide artificial intelligence products and services in the Indonesian market in the future. After the proposed transaction is completed, DUIT and iFlytek will jointly control the joint venture.