4Paradigm completes private placement financing of over HK$1.3 billion, focusing on emerging AI scenarios such as RWA and stablecoins

Hong Kong-listed company Fourth Paradigm (stock code: 6682.HK) issued an announcement on the Hong Kong Stock Exchange before the market today, announcing that it has entered into a share subscription agreement with the subscriber, intending to issue a total of 25.9 million shares to specific investors, with a subscription price of HK$50.50 per share, and a total fundraising amount of approximately HK$1.308 billion. The net amount after deducting relevant expenses is approximately HK$1.30618 billion.

The share subscription price is limited compared to the previous closing price of Fourth Paradigm, indicating that investors remain confident in its long-term development prospects. According to the announcement, the subscription is still subject to certain prerequisites, and after completion, it will further enhance the company's financial strength and strategic layout capabilities.

Detailed explanation of fund use: Deeply cultivate AI + RWA, emerging technology integration scenarios

Fourth Paradigm will use the net proceeds from this financing in three major directions:

About 50% will be invested in emerging fields such as embodied intelligence, smart devices, blockchain, real world assets (RWA), and stablecoins to support the company in building products and solutions with full-stack artificial intelligence capabilities;

About 40% will be used for global business expansion and potential M&A opportunities in the above fields to accelerate the implementation and commercialization of technology;

About 10% will be used for general corporate purposes to further improve operational efficiency and organizational flexibility.

Strengthening the layout of AI + blockchain ecology

The keywords in the announcement include "blockchain", "real world assets (RWA)" and "stablecoins", highlighting that Fourth Paradigm is moving from traditional AI model training and application to the integration of AI and digital assets, on-chain asset management and other innovative scenarios.

In the field of RWA and blockchain, companies with AI capabilities are gaining favor in the capital market, and Fourth Paradigm's strategic transformation is considered to be highly consistent with the global "AI + chain reform" trend.

Background introduction

Fourth Paradigm was founded in 2014 and focuses on providing enterprise-level artificial intelligence platforms and solutions. The company was listed on the Hong Kong Stock Exchange in 2023 and is one of the leading general artificial intelligence (AGI) infrastructure service providers in China. This financing is a key step for the company in expanding AI commercialization scenarios and international layout.