Core Viewpoint - SenseTime's "1+X" spin-off strategy marks a significant move in the embodied intelligence sector with the establishment of "Daxiao Robotics" led by co-founder Wang Xiaogang [2][3] Group 1: Company Developments - Wang Xiaogang has been appointed as the chairman of Daxiao Robotics, which is a key step in SenseTime's strategy to independently operate its embodied intelligence business [2][3] - The stock price of SenseTime (0020.HK) rose by 3.38% to HKD 2.14 following the announcement of this leadership change [2] - Daxiao Robotics is set to officially launch on December 18, introducing the first domestic open-source commercial application of the "Kairos 3.0" world model and the embodied super brain module A1 [2] Group 2: Strategic Implications - The spin-off of the embodied intelligence business is part of SenseTime's broader "1+X" organizational structure, which aims to create independent entities with their own management teams and financing channels [3] - As of early 2025, five ecological companies have completed financing under this new structure, indicating a successful implementation of the strategy [3] - Daxiao Robotics will leverage SenseTime's foundational AI capabilities while focusing on engineering and commercializing vertical scenarios, maintaining a synergistic relationship with the parent company [4] Group 3: Market Context - The embodied intelligence market in China is projected to reach CNY 400 billion by 2030 and exceed CNY 1 trillion by 2035, highlighting the growth potential in this sector [4] - Despite generating over 60% of SenseTime's revenue from generative AI, challenges such as data collection difficulties and complex long-tail scenarios remain in the embodied intelligence field [4]