Kaixin holdings announces acquisition of xingcan, launching ai education business

Beijing, sept. 10, 2025 (globe newswire) -- kaixin holdings (“kaixin” or the “company”) (nasdaq: kxin) today announced the signing of a term sheet with xingcan, a leading chinese ai education innovation company. kaixin plans to issue new shares to acquire a 55% stake in xingcan. the transaction marks the in-depth collaboration between the two parties, focusing on the global development of the "ai + education + live streaming" ecosystem and accelerating the intelligent upgrade of the education industry.
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