A subsidiary of Kingnet Networks obtains Hong Kong SFC license No. 4 and No. 9, accelerating its global strategic layout

According to official news, Kingnet Network announced that its wholly-owned subsidiary Spruce Technology HK Limited has officially obtained the No. 4 license (providing advice on securities) and No. 9 license (providing asset management) issued by the Hong Kong Securities and Futures Commission (SFC), marking its key progress in internationalization and compliance.

The acquisition of the dual licenses not only demonstrates Kingnet Network's compliance strength in the global financial regulatory system, but also lays the institutional foundation for its expansion in virtual assets, financial technology and Web3 related fields. Kingnet Network stated that it will continue to strengthen its global market layout in the future, relying on the policy advantages and regulatory system of Hong Kong International Financial Center, to carry out more extensive financial and technology business cooperation, and promote the further implementation of the company's globalization strategy.

Kingnet AI: Building a new paradigm for AI-driven game development

In terms of technological innovation, Kingnet AI, an AI full-process game development platform supported by Kingnet Network, was also unveiled simultaneously. The platform is led by its team SmileCobra Studio and aims to empower game content creation, gameplay generation and economic system design through artificial intelligence technology, providing developers with a one-stop collaborative creation environment.

Kingnet AI will improve the efficiency of Web3 game development and the freedom of creative expression through natural language-driven game editors, intelligent balance testing tools, and on-chain economic modeling engines, and promote the deep integration of games with AI and virtual assets.

Fully embrace the new field of Web3 and virtual asset management

Kingnet Network also revealed that SmileCobra Studio is actively expanding virtual asset management, AI collaboration tools, and Web3 game innovation businesses. Relying on the financial license obtained in Hong Kong this time, the company will explore more compliance paths to provide game players and developers with safer and more reliable virtual asset management and trading services, and build a more open and sustainable global game ecosystem.

Kingnet Network said:

"We believe that compliance is the only way to globalization. This successful license is an important milestone in our global strategy and also verifies our professional capabilities and foresight. In the future, we will continue to build a technologically advanced, compliant, and innovation-driven game and virtual asset ecosystem on a global scale."

About Kingnet Network

Kingnet Network is a leading Internet game and technology company in China, and has long been committed to the integrated application of games, AI, big data, and blockchain technologies. The company's business covers game development and distribution, AI platform construction, Web3 application development and overseas market expansion, and is committed to creating a world-leading digital entertainment ecosystem.

About Spruce Technology HK Limited

Spruce Technology HK Limited is a wholly-owned subsidiary of Kaiying Network established in Hong Kong, focusing on securities consulting, asset management, virtual asset financial services and Web3 investment management. The acquisition of Hong Kong SFC No. 4 and No. 9 licenses indicates that it has the qualifications to provide professional financial services to global customers.