BlockBeats news, on May 1st, according to Hong Kong Business Daily, Meitu founder Cai Wensheng bought the entire Tin Hau shopping mall for about HKD 650 million. The target of this transaction is the Ginza style shopping mall "Park AURA" on Tin Hau Road. The property was completed in 2020, with 25 floors (underground to 24th floors), a single floor area of about 2041 square feet, and a total floor area of about 53000 square feet.
Cai Wensheng posted on social media that he plans to build the building into an AI Web3 entrepreneurship center: an AI themed caf é (similar to a garage coffee model) will be set up on the first and second floors, with supporting AI technology lecture spaces. Some floors are designated as AI Space shared office areas, which are free for Hong Kong entrepreneurs to apply for use. The remaining floors are planned to be studios in the fields of AI and Web3.
