Star Legends and UTree Technology Collaborate to Develop Companion Robots
Phoenix Tech News, July 30th, Star Legends Group announced that its wholly-owned subsidiary, Xing Cheng Art & Entertainment Co., Ltd., has signed a cooperation agreement with UTree Technology. According to the agreement, both parties will focus on developing new consumer-level intelligent robots with companion functions and social attributes.
According to the announcement, both parties have clarified their respective roles. Star Legends will be responsible for planning and designing core IP, developing AI interactive systems, and leading global marketing strategy development. UTree Technology will undertake technology and hardware research and development, as well as relevant application program development, while promoting and channel sales will be jointly promoted.
Star Legends also revealed to the media that the cooperative product will not only target household scenarios but also expand to entertainment fields such as concerts and stage shows. Regarding the funding plan for the cooperation project, Star Legends responded that the company's recent financing plan includes approximately 38.2% (approximately HK$1.24 billion) earmarked for expanding retail channel networks, covering automatic vending machines and intelligent mechanical devices, "which will include this robot project."
The news of the cooperation sparked a surge in Star Legends' shares, with the company's value rising to HK$121.