Chinese animation firm MMV announces a non-binding term sheet to acquire AI-focused e-commerce content creator Bowong AI.
MultiMetaVerse Holdings Limited (MMV), a Chinese animation firm, has announced a non-binding term sheet for the acquisition of Bowong Technology (Shenzhen) Co. Ltd. and its subsidiaries. The target company, Bowong AI, focuses on AI solutions for e-commerce content creation. MMV plans to use Bowong AI's expertise in image and video generative AI for its animation and gaming businesses, potentially improving content quality and reducing production costs.
May 20, 2024
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