QuantumCTek has acquired nearly 20% of Luffa AI, a decentralized AI social messaging platform, for US$39.8 million.

According to Huoxun Finance, Hong Kong-listed company QuantumCTek announced that it will acquire 11.89 million issued shares of the decentralized social and messaging platform Luffa AI for US$19.8 million (approximately HK$154 million), and will also subscribe for 10 million new shares of Luffa AI for US$20 million (approximately HK$156 million). Upon completion of the transaction, QuantumCTek will hold a 19.9% stake in Luffa AI. Luffa AI's main business is the development and operation of communication and social networking products based on AI and Web3. It uses end-to-end encryption and distributed technologies to protect user data, and also provides decentralized identity and access control services as an autonomous AI agent infrastructure layer.