According to CoinMeta, Hong Kong's Little Yellow Duck Deying (02250. hk) announced its intention to establish a joint venture with Hong Kong Haixin Lihua Technology Co., Ltd. The joint venture will mainly engage in artificial intelligence and intellectual property ( ai + ip ) businesses, including the research and development, manufacturing, sales, and distribution of smart hardware, robotics products, computing power servers, and modules, as well as intellectual property licensing and content operations. The joint venture will be jointly invested by Deying Holdings Investment Co., Ltd.'s wholly-owned subsidiary and Haixin Lihua. Deying Holdings will subscribe for 55% of the shares, while the joint venture partner will subscribe for 45%. The joint venture will operate as a subsidiary of Deying Holdings, and its financial performance will be consolidated into the group's financial statements.