Artificial Intelligence Big Data Fintech News Risk Management

Ideanomics Enters into 50/50 JV with BBD to Establish an Investment Company Focused on New Infrastructure Projects in China

Ideanomics Enters into 50/50 JV with BBD to Establish an Investment Company Focused on New Infrastructure Projects in China

Ideanomics is pleased to announce that it has entered into a 50/50 joint venture (JV) with Business Big Data PTE, Ltd./Seasail Ventures (BBD) to create an investment company focused on new infrastructure projects in China. The investment company will develop an AI-enhanced China New Infrastructure bond product, introduce capital, and fund advisory. The investment company will utilize BBD’s leading AI intelligence technology to provide risk management and selection models for equity and fixed-income products. Its bond product will be the first fund of its kind that enables investors to access value in China’s new infrastructure growth. The seven key development areas for new infrastructure construction are: 5G, UHV, intercity highways and intercity rail transit, new energy vehicle charging stations, big data centers, artificial intelligence, and the industrial Internet.

Read More: Kensho Collaborates with NVIDIA to Advance Automatic Speech Recognition

The joint venture company has plans to create an offshore fund that invests in Chinese bonds and equities that are focused on the New Infrastructure initiative. It will be the first of its kind to take advantage of cross border financial market opportunities and AI. This fund will capture two significant emerging trends: the application of AI in traditional financial services and China’s next economic upturn.

Read More: Strider Announces John Mullen, Former Assistant Director of CIA, Joins Company as Advisor

BBD is Asia’s leading provider of AI-based big data solutions dedicated to optimizing the efficiency and effectiveness of industrial-level decision-making and risk management. It’s products specialize in financial services, ranging from loan underwriting to portfolio management. BBD will use its AI platform to provide and execute services for the “intelligent” bond and stock risk control and investment decision-making for the joint venture company, including but not limited to: designing and maintaining a passive investment index that can be used as an investment reference benchmark for overseas ETFs and provide intelligent investment decision aid and intelligent risk management services.

Ideanomics anticipates its interest in ETF activities will be transferred to this JV entity in the effort to focus on the main business in the MEG Division. As previously communicated, Ideanomics continues to streamline its operations and expects to announce divestitures of its non-core businesses throughout the year.

Read More: GlobalFintechSeries Interview with Brandon Dewitt, Co-founder and CTO at MX

Related posts

Avant Spins Out SaaS Business Amount

Fintech News Desk

eMoney Advisor Adds Support for MaxMyInterest to Enable Advisors to Deliver Market-Leading Rates

PR Newswire
1