Core Viewpoint - Kaixin Holdings plans to acquire a 55% stake in XINGCAN, a leading Chinese AI education company, to enhance collaboration in the "AI + Education + Live Streaming" ecosystem and drive intelligent upgrades in the education industry [1][4]. Company Overview - Kaixin Holdings is transitioning into an AI-driven tech business in China, aiming to expand its AI capabilities and create growth opportunities through the acquisition of XINGCAN [5]. - XINGCAN has established a strong position in AI education, focusing on the integration of live streaming and education, and has built a comprehensive educational ecosystem [2][5]. Business Model and Capabilities - XINGCAN's business model includes a full-chain educational ecosystem that encompasses content production, live streaming interaction, teaching services, and user growth [2]. - The company operates on three core capabilities: Intelligent Education Engine, AI Education Ecosystem, and Knowledge Creator Network [7]. Strategic Goals - The collaboration aims to leverage resources such as traffic portals, technology platforms, and global channels to accelerate XINGCAN's development into a premium firm in the global AI education ecosystem [4]. - XINGCAN targets a 50% expected annual growth rate over the next few years, with a "three-year triple jump" performance goal [4].