Joy Global Inc. (CHR.US) is planning to acquire 60% of Zhongke Zhi Guo to accelerate its development in the AI sector.

On February 25, Enjoy Holding (CHR.US) announced that it has signed an investment agreement with Zhongke Zhi Guo, a synthetic data provider integrating generative AI simulation technology. The Company plans to acquire 60% of its equity through the issuance of shares and cash payment. The overall valuation and transaction details will be disclosed in the final transaction documents after the Company completes its due diligence, audit, and assessment of Zhongke Zhi Guo. Zhongke Zhi Guo is a synthetic data provider integrating generative AI simulation technology. Its team is strong, with most of its core members graduating from top universities in China and abroad, having deep academic achievements in related fields, and possessing multiple capabilities and innovative spirits. Through the integration of artificial intelligence and hardware technology, it promotes the innovation of intelligent products and the expansion of application scenarios. It has significant advantages in the application and commercialization of AI technology in humanoid robots. This acquisition is Enjoy Holding's effort to strengthen its layout in the artificial intelligence industry chain and accelerate the development opportunities in the field of artificial intelligence. Enjoy Holding is a leading provider of new-generation mobile internet infrastructure and platform services in China, focusing on building a digital ecosystem integrating "platform + application + technology + industry". It is dedicated to building a new open business system integrating AI technology and fully developing a web3.0 ecosystem. The Company has developed a leading Northstar Xingyue large language model, the Yuelingxi AI multimodal AGI application tool platform, the Yue Xiang Jia lifestyle, the Yue Xiang Mall, the Yao Shi TTX, the Yue Xiang Open Platform, the Yue Xiang Car Connectivity CheerCar, the Yue Xiang Chat CheerChat, the Yue Xiang Fresh Delivery, the Digital Innovation Research Institute, the AI Series Animation Short Drama, the Yue Series Program Cluster, the IP Short Video Matrix, and the Net Series and Drama Series, providing diversified application scenarios including "online + offline" and "virtual + reality" to the market.