The registered capital has directly been increased to 100 million, it seems they are really planning to heavily invest in the tough area of edge-side AI chips, but with a 35%+35% equity structure, who has the final say?

Mars Finance News: On May 28, it was reported that Xixuan Chuangzhi Technology (Wuxi) Co., Ltd. was established, with a registered capital of 100 million yuan. The company was jointly founded by publicly listed companies including Mu Xi Co., Ltd., UBTECH, and Fenglong Co., Ltd. Mu Xi Co., Ltd. and UBTECH each hold 35.01% of the shares, while Fenglong Co., Ltd. holds 4.7%. According to sources from the core channels, the joint venture may be geared toward research and development of embodied intelligence edge-side chips. (Jiemian)