Meitu Founder Acquires HK$650M Building for AI-Web3 Hub

Meitu founder Cai Wensheng has acquired the entire building of PARK AURA in Tin Hau for approximately 650 million Hong Kong dollars. The property, completed in 2020, is a 25-story structure with a single-floor area of about 2,041 square feet and a total gross floor area of approximately 53,000 square feet.

Cai Wensheng announced his plans on social media to transform the building into an AI-Web3 startup hub. The first and second floors will be dedicated to an AI-themed cafe, modeled after the Garage Cafe, and will also include a space for AI technology seminars. Some floors will be designated as AI-Space shared office areas, available for local entrepreneurs to apply for use free of charge. The remaining floors will be planned as studios focused on AI and Web3 fields.

This investment by Cai Wensheng underscores his commitment to fostering innovation and entrepreneurship in the AI and Web3 sectors. By providing a dedicated space for startups and entrepreneurs, he aims to create an ecosystem that supports the growth and development of cutting-edge technologies. The AI-themed cafe and seminar space will serve as a hub for knowledge sharing and collaboration, while the shared office areas and studios will offer practical resources for startups to thrive.

The acquisition of the PARK AURA building is a significant move by Cai Wensheng, demonstrating his vision for the future of technology and entrepreneurship. By investing in a state-of-the-art facility and transforming it into a hub for AI and Web3 innovation, he is positioning himself as a key player in the tech industry. This initiative is expected to attract talented individuals and innovative startups, further enhancing the region's reputation as a hub for technological advancement.