Maison Solutions forms Hong Kong AI software venture with Hangzhou Shengxianbao, Yiwu Yanghan
MSS•Partners and ownership terms
Hangzhou Shengxianbao Technology and Yiwu Yanghan will each buy 11 shares, or 4.96% apiece, for USD 110,000 each payable over six months.
Maison Solutions will retain a perpetual, non-exclusive, royalty-free license to use the contributed software internally.
Closing conditions and timing
Closing is targeted before March 31, 2027, subject to incorporation, approvals, lien releases, and execution of a shareholders agreement.
Maison Solutions to form Hong Kong AI software venture
Maison Solutions entered a formation agreement to create Hong Kong-based Maison AI Limited to develop AI software for grocery retail and supply-chain uses.
Subsidiary AZLL will subscribe for 200 of 222 shares, or a 90.09% stake, in exchange for contributing software valued at USD 2 million.
