Chinese game publisher Yoozoo Interactive Co., Ltd. has agreed to purchase 4.225 billion yuan ($590 million) worth of Nvidia graphics processing units, launching a massive artificial intelligence infrastructure gamble even though the company holds less than 1.2 billion yuan ($165 million) in liquid cash.
According to a corporate filing released late Nov. 3, Yoozoo's wholly owned subsidiary, Shanghai Youzu Information Technology Co., Ltd., signed a procurement contract with an undisclosed vendor to acquire Nvidia RTX PRO 5500 (PCIe) GPUs. The workstation-class GPUs, built on Nvidia's Blackwell architecture and equipped with 84GB of GDDR7 memory, carry an estimated market delivery price of 80,000 to 120,000 yuan per card.
The magnitude of the order stands in sharp contrast to Yoozoo's financial footprint. The 4.225 billion yuan total equals three times the company's full-year 2025 revenue of 1.402 billion yuan ($195 million) and four times its revenue for the first nine months of 2026.
Yoozoo disclosed that it had 1.179 billion yuan ($165 million) in cash reserves at the end of September 2026, down 29.6 percent from the end of 2025. To fund the transaction, the firm plans to combine cash on hand, bank credit lines, and financial leasing, relying on phased equipment deliveries to roll over capital.
The massive procurement comes as Yoozoo's balance sheet faces growing strain. Total liabilities climbed 124 percent during the first nine months of 2026 to 2.018 billion yuan ($282 million), pushing its asset-to-liability ratio up by more than 13 percentage points to 30.45 percent. Financial data shows the company accumulated nearly 1.3 billion yuan in net losses between 2020 and 2025.
In its regulatory disclosure, Yoozoo cautioned that the procurement faces operational risks, including potential supply chain delays, overseas technology export controls, and equipment performance shortfalls, for which the supplier may not bear breach-of-contract liability.
Despite the financial strain, Yoozoo has aggressively expanded beyond its core gaming business into artificial intelligence compute infrastructure. Over the past year, the company acquired stakes in domestic GPU developers Sunrise and Biren Technology, committed up to 1.001 billion yuan toward a 6.67 billion yuan AI computing fund in Wuxi, and initiated advanced 2.5D and 3D chip packaging projects in Wuxi and Shanghai.
Core gaming operations still generate over 99 percent of Yoozoo's total revenue, led by browser titles and mobile games such as Game of Thrones Winter Is Coming.
Founded in 2009 by internet entrepreneur Lin Qi, Yoozoo became one of China's top gaming firms before listing on the Shenzhen Stock Exchange in 2014. Lin famously acquired the global rights to Cixin Liu's acclaimed science-fiction novel The Three-Body Problem and established Three-Body Universe to develop the intellectual property for screen adaptations.
Lin died in December 2020 after being poisoned by Xu Yao, the former chief executive officer of Three-Body Universe, following internal disputes over corporate management and executive compensation. Following legal transfers of Lin's equity estate, Shanghai Jiayou acquired an 11.72 percent stake in 2023 to become Yoozoo's largest shareholder, with Shanghai Jiayou head Wan Zheng assuming the chairmanship of the board.
