Meitu Founder Cai Wensheng Invests HK$650 Million to Acquire Entire Building, to Establish AI-Web3 Entrepreneurship Center

BlockBeats News, May 1st, according to HK01, Meitu Founder Cai Wensheng purchased the entire Park Aura building in Tin Hau for approximately 650 million Hong Kong dollars. The transaction involved the Park Aura building located on Tin Hau Road, a Ginza-style commercial building completed in 2020. The building has 25 floors (from basement to 24th floor), with a single floor area of approximately 2,041 square feet and a total gross floor area of about 53,000 square feet.

Cai Wensheng announced on social media that he plans to develop the building into an AI-Web3 Entrepreneurship Center: The first and second floors will house an AI-themed café (similar to the garage café model) and a space for AI technology lectures. Some floors will be set up as AI-Space shared office spaces, free for Hong Kong entrepreneurs to apply for. The remaining floors will be designated for studios focusing on AI and Web3.