XChange Tec plans to reduce China operations and invest up to $10 million in U.S. AI expansion
XHG•XChange Tec plans to gradually reduce its mainland China operations over the next several months and invest $5 million to $10 million in U.S. AI expansion.
1. U.S. AI expansion
XChange Tec said it plans to expand its AI business in the United States, investing $5 million to $10 million in capabilities for automation and data analytics. The company plans to collaborate with U.S. AI companies and research institutions, and is evaluating organic development and strategic acquisitions.
2. China operations
The company plans to gradually reduce its mainland China operations over the next several months.
