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<IPO>AI Social Platform Soul Resubmits IPO Application; TENCENT Holds ~50% Stake
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Soulgate Inc., operator of the AI+ immersive social platform Soul, filed an application for listing on the Main Board of the Stock Exchange, with CITIC Securities being its sole sponsor.

TENCENT (00700.HK) invested in Soulgate through its subsidiary, Image Frame, in May 2020, holding a 49.9% stake prior to the company's listing.

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TENCENT is a strategic investor, and does not participate in daily management or business operations, according to the company. Other investors include miHoYo, Genesis Capital and 5Y Capital, etc..
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