Sharing Economy and Suzhou Su Xin Rui Shi Technology Proposed Strategic Partnership
Sharing Economy International (SEII) announced a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology to establish a joint venture focused on a Metaverse platform using naked-eye 3D technology. SEII will hold 60% of the new venture, responsible for business promotion, while Su Xin Rui Shi will own 40%, focusing on technology development. The partnership aims to complete the joint venture agreement within 45 days, signaling a significant step towards the development of advanced 3D visualization technology in the Metaverse space.
- Formation of a joint venture with Suzhou Su Xin Rui Shi Technology to develop a Metaverse platform.
- SEII will hold a majority 60% stake in the joint venture, allowing greater control over business promotion.
- Dependence on Su Xin Rui Shi for 40% technical contributions, which could risk operational control.
Hong Kong, April 4, 2022 /PRNewswire/ -- 3D Discovery Co., Ltd, a fully owned subsidiary of Sharing Economy International Inc. ("SEII") (OTCQB: SEII), announced today that it has signed a Strategic Framework Agreement with Suzhou Su Xin Rui Shi Technology Co. Ltd. The two companies will form a joint venture company to develop a Metaverse platform based on Su Xin Rui Shi's naked-eye 3D technology.
Su Xin Rui Shui is a naked-eye 3D display technology research and development company, dedicated to the development and industrialization of 3D light field real-time rendering engine technology. They have three core technologies:
- A light field reconstruction algorithm based on backlight matching technology;
- A programmable real-time 3D Light Field rendering engine based on human eye bio-stereoscopic vision;
- A fusion algorithm between stereoscopic image source and virtual scene.
Under the Strategic Framework Agreement, the two companies will form a joint venture company in Hong Kong for the development of a Metaverse platform. 3D Discovery will hold
The two companies expect to complete the joint venture partnership and signing the Joint Venture Cooperation Agreement within 45 days after the Strategic Framework Agreement signed.
About Sharing Economy International Inc.
Sharing Economy International Inc., through its affiliated companies, are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. For more information visit www.seii.com
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Company Contacts:
Sharing Economy International Inc.
Email: ir@seii.com
+852-31060372
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SOURCE Sharing Economy International Inc.
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