Magic Square Studio completes a new round of financing

Magic Power Studio is an IP operator for classical Chinese musicians, targeting the “Generation Z” group. With its artist incubation and operation capabilities, electronic music production capabilities, and online students’ medium and short video content creation capabilities, it combines cutting-edge Technology means, with virtual idols, virtual anchors, cross-dimensional content and their derivatives as the main products, and operates a national-style virtual group “Weiyang”. Recently, Beijing Magic Fangshidai Information Technology Co., Ltd. has undergone an industrial and commercial change, adding a new shareholder, Hanxing Venture Capital Co., Ltd., an affiliate of Xiaomi, holding about 4% of the shares.

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