BEIJING, Sept. 10, 2025 — Kaixin Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announced today the signing of a term sheet to acquire a 55% stake in XINGCAN, a prominent Chinese AI education innovation company, through the issuance of new shares. This transaction signifies a deep collaboration between the two entities, aimed at advancing the global “AI + Education + Live Streaming” ecosystem and accelerating the intelligent transformation of the education sector.
XINGCAN has achieved a leading position in AI education, concentrating on the profound integration of “live streaming + education.” Its business model provides users with an accessible entry point for knowledge acquisition and serves as a central hub within a comprehensive educational service loop. XINGCAN has developed an end-to-end educational ecosystem encompassing “content production + live streaming interaction + teaching services + user growth.” Its primary strengths rest on three foundational pillars:
- Intelligent Education Engine: A proprietary AI-driven customer acquisition system that facilitates automated course content generation (scripts/materials), real-time optimization of livestream interactions (through emotion recognition and script suggestions), and intelligent analysis of student learning data (including LTV prediction and personalized recommendations).
- AI Education Ecosystem: A self-contained “content + traffic + service + technology” ecosystem, with livestreaming as its core scenario. It incorporates four key business modules: IP incubation (for paid educators), course delivery (via recorded or livestreamed classes), user management (using private domain SaaS tools), and technology empowerment (such as intelligent teaching assistants for query resolution).
- Knowledge Creator Network: This platform leverages AI tools to reduce barriers to knowledge production, cultivating numerous teacher IPs across diverse fields, including K-12, vocational education, and adult hobbies. It serves over 300,000 users annually and has achieved a 300% improvement in teaching efficiency.
Past investors in XINGCAN include notable names such as Zhu Xiaohu of GSR Ventures, Xiangfeng Fund, Himalaya, Kinzon Capital, and Century Tianhong, an A-share listed company.
Mr. Mingjun Lin, Chairman and CEO of Kaixin, commented, “XINGCAN is more than just an education technology company; it is a leading architect of the ‘AI + Education + Live Streaming’ ecosystem. We will harness combined resources—including traffic portals, technology platforms, and global channels—to help XINGCAN accelerate its evolution into a premier entity within the global AI education landscape.”
Through this partnership with Kaixin, leveraging its resources in traffic matrix, technical middle platform, and global channels, XINGCAN intends to utilize its “technology + content + ecology” framework to undergo extensive iterations across four core areas: educational services, IP incubation, live broadcast operations, and AI empowerment. This is expected to accelerate the achievement of its “three-year triple jump” performance target, aiming for an anticipated annual growth rate of 50% over the coming years.
About Kaixin Holdings
Kaixin Holdings is dedicated to transforming into an AI-driven technology business based in China. XINGCAN develops and operates online live streaming education platforms and offerings using AI technologies, catering to both domestic and international audiences. Through this proposed acquisition, Kaixin enters the AI education business and plans to expand its AI capabilities into new domains to foster additional growth opportunities.
Safe Harbor Statement
This announcement may contain forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” or other similar expressions. Statements that are not historical facts, including statements about Kaixin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our goals and strategies; our future business development, financial condition and results of operations; our expectations regarding demand for and market acceptance of our services; our expectations regarding the retention and strengthening of our relationships with auto dealerships; our plans to enhance user experience, infrastructure and service offerings; competition in our industry in China; and relevant government policies and regulations relating to our industry. Further information regarding these and other risks is included in our other documents filed with the SEC. All information provided in this announcement and in the attachments is as of the date of this announcement, and Kaixin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
For more information, please contact:
Kaixin Holdings
Investor Relations
Email: ir@kaixin.com
