MyEG to invest in China-based AI company Jingle Magic

The losses were mainly due to an impairment due from an associate company amounting to RM95.45mil, and the impairment of equipment amounting to RM76.29mil.

PETALING JAYA: MyEG Services Bhd is investing RM6.1mil in China-based artificial intelligence (AI) company Jingle Magic (Beijing) Technology Co Ltd.

In a statement, MyEG said its investment arm, MyEG Capital Sdn Bhd, had signed an agreement with Jingle Magic for an investment in a Chinese virtual reality (VR), augmented reality (AR) and AI-based education company.