China Best Group's Unit to Establish JV Humanoid Robotics with Dataa Robotics in Hong Kong

Trading View
2025.03.06 10:04
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China Best Group's subsidiary, Hong Kong Artificial Intelligence Group, will restructure Hong Kong Robotics into a joint venture with Dataa Robotics. This follows a previous agreement to create a humanoid robot-focused JV. The new venture aims to develop and market humanoid robot products for civil use in Hong Kong and abroad. Following the announcement, shares of China Best Group surged nearly 37% on Thursday.

China Best Group Holding's subsidiary, Hong Kong Artificial Intelligence Group, agreed to restructure Hong Kong Robotics, another subsidiary of the company, into a joint venture company with Dataa Robotics, a Wednesday bourse filing said.

The move follows the company's agreement to establish a humanoid robot intelligence-focused joint venture in Hong Kong with Dataa Robotics on Feb. 18.

The new JV will aim to develop business operations and market for humanoid robot-operated products for civil use in Hong Kong and overseas.

Shares of the company ballooned nearly 37% on Thursday's close.

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