Core Viewpoint - The establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., between Xing Chuang Yi and Beijing Ling Yi Technology aims to leverage advanced robotics technology and rich IP resources to create consumer-grade IP robots and related products, enhancing the entertainment experience through innovative technology [1][2][3] Group 1 - The joint venture will be equally owned by both parties, with each holding 50% equity [1] - The company will focus on the development, operation, promotion, and sales of consumer-grade IP robots, including pet quadruped robots and humanoid performance robots [1][2] - The collaboration aims to integrate the IP resources of the group with the advanced robotics technology of Yushutech, creating globally influential interactive entertainment products [1][2] Group 2 - The joint venture will exclusively sell and promote artist IP robots and derivative products developed from both parties' IP resources [2] - The group will handle IP planning, design, AI interaction, media promotion, and customer development, while Yushutech will focus on robot design, production, and technical support [2] - The partnership is positioned to capitalize on the rapid advancements in robotics and AI, tapping into the growing market for interactive entertainment [2][3] Group 3 - The formation of the joint venture is expected to enhance resource complementarity, driving technological innovation and creative content synergy [3] - This initiative will inject technological momentum into the group's IP business, creating new types of IP derivatives suitable for the AI and robotics era [3] - The collaboration is anticipated to strengthen brand influence and commercial capabilities, laying the groundwork for scalable operations and long-term business growth [3]

Core Viewpoint - The stock of Giant Star Legend (06683) surged significantly after the announcement of a joint venture with Yushu Technology, indicating strong market interest in the company's new direction in the consumer-grade IP robotics sector [1] Group 1: Joint Venture Details - Giant Star Legend's wholly-owned subsidiary, Star Creation, has entered into a joint venture agreement with Yushu Technology's wholly-owned subsidiary, Lingyi Technology, to establish a new company named Yuxing Entertainment Technology Co., Ltd [1] - Both parties will hold a 50% stake in the joint venture, which will focus on the development, operation, promotion, and sales of consumer-grade IP robots, including pet quadruped robots and humanoid performance robots [1] Group 2: Responsibilities and Operations - The joint venture will exclusively sell, operate, and promote artist IP robots and related products developed from both parties' IP resources [1] - Giant Star Legend will handle IP planning, design, AI interaction, celebrity IP licensing, media promotion, and channel development, while Yushu Technology will be responsible for robot design, production, and technical development related to performance content [1]

Core Viewpoint - The stock of Giant Legend (06683) experienced a significant increase, rising by 20% at one point and currently up by 15.35%, trading at HKD 9.62 with a transaction volume of HKD 404 million [1] Group 1: Joint Venture Announcement - Giant Legend's wholly-owned subsidiary, Star Creation, has entered into a joint venture agreement with Yuzhu Technology's wholly-owned subsidiary, Lingyi Technology, to establish a new company named Yuxing Entertainment Technology Co., Ltd [1] - Both parties will hold 50% equity in the joint venture, which will focus on consumer-grade IP robots, including pet quadruped robots, humanoid performance robots, and related IP derivative products [1] Group 2: Responsibilities and Operations - The joint venture will exclusively sell, operate, promote, and develop artist IP robots and derivative products based on the IP resources of both parties [1] - Giant Legend will be responsible for robot IP planning, design, AI interaction, artist IP authorization, media promotion, and channel development, as well as planning and producing performance content and developing commercial clients [1] - Yuzhu Technology will handle robot design and production or supply, as well as the technical and scenario development based on performance content, robot equipment technology research and operation, control, and related training [1]

Core Viewpoint - The stock of Legend Holdings in Hong Kong experienced a significant surge, rising over 13% in the afternoon trading session on November 12 [1] Company Summary - Legend Holdings, a prominent player in the Hong Kong stock market, demonstrated strong performance with a notable increase in its stock price [1]

Core Viewpoint - The collaboration between Giant Star Legend and Yushu Technology has advanced with the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd, focusing on consumer-level IP robots and derivative products [1] Group 1: Joint Venture Details - Giant Star Legend's subsidiary, Xing Chuang Yi (Kunshan) Cultural Co., Ltd, and Yushu Technology's subsidiary, Beijing Lingyi Technology Co., Ltd, will each hold 50% equity in the joint venture [1] - The joint venture will be responsible for the creation, development, operation, promotion, and sales of consumer-level IP robots and related products [1] - The board of the joint venture will consist of four directors, with each party appointing two [1] Group 2: Product Development and Orders - The joint venture will exclusively sell and promote artist IP robots and derivative products based on both parties' IP resources [1] - Giant Star Legend will handle IP planning, design, AI interaction, media promotion, and customer development, while Yushu Technology will focus on robot design, production, and technical development [1] - Recently, Giant Star Legend secured two orders for quadruped robots, including a contract with ADATA Technology for 1,000 units valued at over RMB 20 million and another with Cloud Factory for 5,000 units valued at over RMB 100 million [3] Group 3: Financial Performance - For the first half of the year, Giant Star Legend reported revenue of RMB 354 million, a year-on-year increase of 33.0%, while net profit decreased by 68.3% to RMB 8.07 million compared to RMB 25.45 million in the same period last year [5] Group 4: Market Reaction - Following the announcement of the joint venture, Giant Star Legend's stock price surged by over 18%, reaching HKD 9.94 per share, with a total market capitalization of approximately HKD 8.9 billion [1]

Group 1 - The core point of the article is that the stock of a company named "巨星传奇" surged nearly 20% in the afternoon trading session, driven by news of a joint venture with "宇树科技" to establish "宇星娱乐科技有限公司" [2] Group 2 - The joint venture involves a wholly-owned subsidiary of the company and a wholly-owned subsidiary of "宇树科技," indicating a strategic partnership aimed at expanding their business operations [2]

Core Viewpoint - The announcement by Giant Star Legend regarding the establishment of a joint venture with Beijing Lingyi Technology highlights a strategic move into the consumer-grade IP robotics and derivative products market [1] Group 1: Joint Venture Details - Giant Star Legend's wholly-owned subsidiary, Xing Chuang Yi (Kunshan) Cultural Co., Ltd., and Beijing Lingyi Technology Co., Ltd. have signed a joint venture agreement [1] - The newly formed company, Yuxing Entertainment Technology Co., Ltd., will be equally owned by both parties, with each holding 50% equity [1] Group 2: Business Focus - The joint venture aims to focus on the creation, development, operation, promotion, and sales of consumer-grade IP robots and related derivative products [1]

Core Viewpoint - The company announced the establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., in collaboration with Beijing Lingyi Technology Co., Ltd., focusing on consumer-level IP robots and related products [1] Group 1 - The joint venture agreement was signed between Star Creation (Kunshan) Entertainment Co., Ltd. and Beijing Lingyi Technology Co., Ltd. [1] - Both parties will hold a 50% equity stake in the joint venture [1] - The primary responsibilities of the joint venture will include the creation, development, operation, promotion, and sales of consumer-level IP robots and derivative products [1]

Core Viewpoint - The establishment of a joint venture, Yuxing Entertainment Technology Co., Ltd., between Juxing Legend and Beijing Lingyi Technology Co., Ltd. aims to develop and commercialize consumer-grade IP robots and related products, leveraging both companies' strengths in IP resources and advanced robotics technology [1][2][3] Group 1: Joint Venture Details - The joint venture will be equally owned by both parties, with each holding 50% equity [1] - The company will focus on the creation, development, operation, promotion, and sales of consumer-grade IP robots, including pet quadruped robots and humanoid performance robots [1][2] Group 2: Responsibilities and Collaboration - Juxing Legend will handle IP planning, design, AI interaction, celebrity IP licensing, media promotion, and channel development, while Lingyi Technology will be responsible for robot design, production, and technical support [2] - The collaboration aims to integrate Juxing Legend's rich IP resources with Lingyi Technology's advanced robotics technology to create innovative entertainment and technology experiences [2][3] Group 3: Market Potential and Strategic Importance - The partnership is positioned to capitalize on the rapid advancements in robotics and AI, which are transforming smart robots into new consumer electronics and interactive entertainment platforms [2] - This initiative is expected to enhance the market presence and commercial capabilities of both companies, paving the way for scalable operations and long-term business growth [3]

Core Viewpoint - The establishment of a joint venture between 巨星传奇 and 北京灵翌科技 aims to create a new company focused on developing and commercializing consumer-grade IP robots and related products, leveraging both parties' strengths in technology and IP resources [1][2][3] Group 1: Joint Venture Details - The joint venture, named 宇星娱乐科技有限公司, will be co-owned by both parties, each holding 50% equity [1] - The joint venture will operate under Chinese law and focus on the development, operation, promotion, and sales of consumer-grade IP robots, including pet robots and humanoid performers [1][2] Group 2: Responsibilities and Operations - 星创艺 will handle IP planning, design, AI interaction, celebrity IP licensing, media promotion, and channel development, while 灵翌科技 will focus on robot design, production, and technical development [2] - The joint venture will exclusively sell and promote artist IP robots and derivative products based on the IP resources of both companies [2] Group 3: Market Potential and Strategic Goals - The collaboration is positioned to capitalize on the rapid advancements in robot technology and AI, indicating a promising market outlook for interactive entertainment [2][3] - The joint venture aims to enhance the brand's influence and commercial capabilities, facilitating the market introduction of innovative products and services [3]