Cheer Holding, Inc. (CHR.US) plans to acquire 60% equity of Zhongke Zhiguo to accelerate development in the AI field.

On February 25th, Cheer Holding, Inc. (CHR.US) announced that it has signed an investment agreement with Zhongke Zhigu, a data provider specializing in generative AI simulation technology. The company plans to issue shares and pay cash to acquire 60% of its equity. The overall valuation and details of the transaction will be disclosed in the final transaction documents after the company completes its due diligence, audit, and evaluation. Zhongke Zhigu is a leading provider of generative AI simulation technology and synthetic data. Its team is strong, with most core members graduating from top universities at home and abroad, having deep academic expertise in related fields, versatile abilities, and innovative spirit. By integrating artificial intelligence and hardware technology, the company promotes innovation in intelligent products and the expansion of application scenarios. It has a significant advantage in the application and commercialization of AI technology in humanoid Siasun Robot & Automation. This acquisition is part of Cheer Holding, Inc.'s efforts to expand its presence in the artificial intelligence industry chain and accelerate the development opportunities in the field of artificial intelligence. Cheer Holding, Inc. is a leading provider of next-generation mobile internet infrastructure and platform services in China, focusing on building a digital ecosystem integrating "platform + application + technology + industry". It is committed to creating a new web3.0 open business system that integrates AI technology. The company has leading products such as Beichenxingyue's large model, Yuelingxi AI multimodal AGI application platform, Yudujia life, Yudushang mall, Yaoshi TTX, Yuduxiang open platform, Yuduxiang car interconnection CheerCar, Yueliao CheerChat, Yuduxiangxianpei, Digital Innovation Research Institute, AI series animated short films, Yueseries program cluster, IP short video matrix, online variety shows and web series, providing diverse application scenarios to the market combining "online + offline" and "virtual + reality".