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Kaixin Holdings Announces Acquisition of XINGCAN, Launching AI Education Business

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Kaixin Holdings (NASDAQ: KXIN) has announced plans to acquire a 55% stake in XINGCAN, a leading Chinese AI education innovation company, through the issuance of new shares. XINGCAN specializes in AI-powered education through live streaming, serving over 300,000 users annually with 300% improvement in teaching efficiency.

XINGCAN's business model integrates three core pillars: an Intelligent Education Engine for AI-driven content generation and optimization, an AI Education Ecosystem featuring content delivery and user management, and a Knowledge Creator Network spanning K-12, vocational education, and adult hobbies. The company is backed by notable investors including GSR Ventures, Himalaya, and Kinzon Capital.

The partnership aims to leverage Kaixin's resources in traffic matrix, technical platforms, and global channels to achieve a 50% expected annual growth rate over the coming years.

Kaixin Holdings (NASDAQ: KXIN) ha annunciato l'intenzione di acquisire una parte del 55% di XINGCAN, una primaria società cinese innovativa nell'ambito dell'educazione basata sull'IA, mediante l'emissione di nuove azioni. XINGCAN è specializzata in soluzioni educative AI tramite live streaming, servendo oltre 300.000 utenti all'anno e vantando un miglioramento della efficienza didattica del 300%.

Il modello di business di XINGCAN si fonda su tre pilastri: un Motore Educativo Intelligente per la generazione e l'ottimizzazione dei contenuti con IA, un Ecosistema Educativo AI che comprende distribuzione dei contenuti e gestione degli utenti, e una Rete di Creatori di Conoscenza che copre K-12, formazione professionale e hobby per adulti. L'azienda è supportata da investitori di rilievo come GSR Ventures, Himalaya e Kinzon Capital.

La partnership intende sfruttare le risorse di Kaixin in termini di matrice di traffico, piattaforme tecniche e canali globali per realizzare un tasso di crescita annuo previsto del 50% nei prossimi anni.

Kaixin Holdings (NASDAQ: KXIN) ha anunciado su plan de adquirir una participación del 55% en XINGCAN, una destacada compañía china de innovación educativa basada en IA, mediante la emisión de nuevas acciones. XINGCAN se especializa en educación potenciada por IA a través de transmisiones en vivo, atendiendo a más de 300.000 usuarios anuales y logrando una mejora del 300% en la eficiencia docente.

El modelo de negocio de XINGCAN integra tres pilares: un Motor Educativo Inteligente para la generación y optimización de contenidos con IA, un Ecosistema Educativo de IA que incluye la entrega de contenidos y la gestión de usuarios, y una Red de Creadores de Conocimiento que abarca K-12, formación profesional y hobbies para adultos. La compañía cuenta con el respaldo de inversores notables como GSR Ventures, Himalaya y Kinzon Capital.

La alianza pretende aprovechar los recursos de Kaixin en su matriz de tráfico, plataformas técnicas y canales globales para alcanzar una tasa de crecimiento anual esperada del 50% en los próximos años.

Kaixin Holdings (NASDAQ: KXIN)� 신주 발행� 통해 중국 유망 AI 교육 혁신 기업� XINGCAN� 55% 지�� 인수� 계획� 발표했습니다. XINGCAN은 라이� 스트리밍 기반� AI 교육� 전문으로 하며 연간 30� � 이상� 사용�에게 서비스를 제공하고 교육 효율� 300% 향상시킨 것으� 알려� 있습니다.

XINGCAN� 비즈니스 모델은 AI 기반 콘텐� 생성·최적화를 담당하는 지능형 교육 엔진, 콘텐� 전달 � 사용� 관리를 포함� AI 교육 생태�, K-12·직업 교육·성인 취미까지 아우르는 지� 크리에이� 네트워크� � 가지 핵심 축으� 구성됩니�. 해당 회사� GSR Ventures, Himalaya, Kinzon Capital � 주요 투자자로부� 지원을 받고 있습니다.

이번 파트너십은 Kaixin� 트래� 매트릭스, 기술 플랫� � 글로벌 채널 자원� 활용� 향후 수년� 연간 50%� 성장� 달성� 목표� 하고 있습니다.

Kaixin Holdings (NASDAQ: KXIN) a annoncé son projet d'acquérir une participation de 55% dans XINGCAN, une entreprise chinoise de premier plan spécialisée dans l'innovation éducative basée sur l'IA, par l'émission de nouvelles actions. XINGCAN est spécialisée dans l'éducation assistée par IA via le streaming en direct, desservant plus de 300 000 utilisateurs par an et affichant une amélioration de 300% de l'efficacité pédagogique.

Le modèle économique de XINGCAN repose sur trois piliers : un moteur éducatif intelligent pour la génération et l'optimisation de contenu par IA, un écosystème éducatif IA incluant la diffusion de contenu et la gestion des utilisateurs, et un réseau de créateurs de connaissances couvrant le K-12, la formation professionnelle et les loisirs pour adultes. L'entreprise est soutenue par des investisseurs de renom tels que GSR Ventures, Himalaya et Kinzon Capital.

Le partenariat vise à tirer parti des ressources de Kaixin � matrice de trafic, plateformes techniques et canaux mondiaux � pour atteindre un taux de croissance annuel attendu de 50% au cours des prochaines années.

Kaixin Holdings (NASDAQ: KXIN) hat Pläne angekündigt, durch die Ausgabe neuer Aktien eine 55%ige Beteiligung an XINGCAN zu erwerben, einem führenden chinesischen Unternehmen für KI-gestützte Bildungstechnologien. XINGCAN spezialisiert sich auf KI-basierte Bildung per Live-Streaming, betreut jährlich über 300.000 Nutzer und erzielt eine 300%ige Steigerung der Unterrichtseffizienz.

Das Geschäftsmodell von XINGCAN beruht auf drei Kernsäulen: einer Intelligent Education Engine zur KI-gestützten Inhaltserstellung und -optimierung, einem AI Education Ecosystem für Inhaltsbereitstellung und Nutzerverwaltung sowie einem Knowledge Creator Network, das K-12, berufliche Bildung und Erwachsenenhobbys abdeckt. Das Unternehmen wird von namhaften Investoren wie GSR Ventures, Himalaya und Kinzon Capital unterstützt.

Die Partnerschaft zielt darauf ab, Kaixins Ressourcen in Traffic-Matrix, technischen Plattformen und globalen Kanälen zu nutzen, um in den kommenden Jahren ein erwartetes jährliches Wachstum von 50% zu erreichen.

Positive
  • Strategic acquisition of 55% stake in XINGCAN provides immediate entry into AI education market
  • XINGCAN demonstrates strong operational metrics with 300,000 annual users and 300% teaching efficiency improvement
  • Projected 50% annual growth rate expected over the next few years
  • Backing from prominent investors including GSR Ventures and Himalaya validates business model
  • Comprehensive AI-driven ecosystem covering content production, live streaming, and teaching services
Negative
  • Significant execution risk in integrating new AI education business
  • Financial terms of the acquisition not disclosed
  • Potential dilution for existing shareholders due to new share issuance
  • Heavy reliance on Chinese market may pose regulatory risks

Insights

Kaixin's 55% acquisition of XINGCAN marks strategic pivot into AI education, potentially transforming its business model and growth trajectory.

Kaixin's acquisition of a controlling 55% stake in XINGCAN represents a significant strategic pivot for the company, transitioning from its previous business model into the high-growth AI education sector. This move aligns with broader market trends as AI transforms traditional industries, with education technology seeing particularly strong momentum in Asian markets.

XINGCAN's technology stack appears comprehensive, building around three core pillars: an Intelligent Education Engine (automated content generation and personalization), an AI Education Ecosystem (content-traffic-service-technology loop), and a Knowledge Creator Network (lowering barriers to educational content creation). The company claims a 300% improvement in teaching efficiency and serves over 300,000 users annually - modest numbers that suggest room for expansion.

The deal structure - issuing new shares rather than using cash - indicates Kaixin is leveraging its public company status while preserving capital. The backing of XINGCAN by prominent investors including GSR Ventures (led by Zhu Xiaohu) and several established funds adds credibility to the acquisition target.

While the press release projects 50% annual growth over the next few years, this target appears aspirational rather than historically proven. The success of this venture will depend on how effectively Kaixin can integrate XINGCAN's technology and expand its market reach beyond China, particularly given increasing regulatory complexities in the Chinese education sector.

The emphasis on "AI + Education + Live Streaming" positions the company at the intersection of multiple growth trends, but execution will determine whether this strategic shift delivers sustainable value for shareholders.

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.

XINGCAN has established a leading position in AI education, with a focus on the deep integration of "live streaming + education." The business model furnishes both a high-frequency entry point for users to acquire knowledge and a central hub in the closed loop of educational services. XINGCAN has built a full-chain educational ecosystem covering "content production + live streaming interaction + teaching services + user growth." Its core capabilities are comprised of three pillars:

  • Intelligent Education Engine: A proprietary AI customer acquisition system that enables automatic course content generation (scripts/materials), real-time optimization of livestream interactions (emotion recognition + script suggestions), and intelligent analysis of student learning data (LTV prediction + personalized recommendations).
  • AI Education Ecosystem: A closed-loop ecosystem of "content + traffic + service + technology� with livestreaming as the core scenario, featuring four business modules: IP incubation (paid teachers), course delivery (recorded/livestream classes), user management (private domain SaaS tools), and technology empowerment (intelligent teaching assistants answering questions).
  • Knowledge Creator Network: Using AI tools to lower the barrier to knowledge production, it has incubated numerous teacher IPs across diverse sectors, covering K-12, vocational education, and adult hobbies, serving over 300,000 users annually and boasting 300% improvement in teaching efficiency.

Xingcan's past investors include such big names as Zhu Xiaohu of GSR Ventures, Xiangfeng Fund, Himalaya, Kinzon Capital, and Century Tianhong, an A-share listed company, etc.

Mr. Mingjun Lin, Chairman and CEO of Kaixin, stated, "XINGCAN is not a simple education technology company; it’s a leading builder of the 'AI + Education + Live Streaming' ecosystem. We will leverage resource collaboration (traffic portals, technology platforms, and global channels, etc.) to help XINGCAN accelerate its development into a premium firm in the global AI education ecosystem."

Through the cooperation with Kaixin to take advantage of its resources in traffic matrix, technical middle platform, and global channels, XINGCAN will utilize the trio of "technology + content + ecology" to conduct in-depth iterations across four core dimensions: educational services, IP incubation, live broadcast operations, and AI empowerment, and accelerate the realization of the "three-year triple jump" performance goal, achieving a 50% expected annual growth rate over the next few years.

About Kaixin Holdings

Kaixin Holdings is committed to transitioning into an AI-driven tech business located in China. XINGCAN utilizes AI technologies to develop and operate online live streaming education platforms and packages, serving both domestic and international audiences. Through the proposed acquisition, Kaixin enters the AI education business and aims to expand its AI capacity into new areas to create more 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: [email protected]


FAQ

What is the stake size Kaixin Holdings (KXIN) is acquiring in XINGCAN?

Kaixin Holdings is acquiring a 55% controlling stake in XINGCAN through the issuance of new shares.

How many users does XINGCAN currently serve?

XINGCAN serves over 300,000 users annually across various educational segments including K-12, vocational education, and adult hobbies.

What is XINGCAN's expected growth rate following the Kaixin acquisition?

XINGCAN is targeting a 50% expected annual growth rate over the next few years through the partnership with Kaixin Holdings.

Who are the major investors backing XINGCAN?

XINGCAN's notable investors include Zhu Xiaohu of GSR Ventures, Xiangfeng Fund, Himalaya, Kinzon Capital, and Century Tianhong, an A-share listed company.

What are the main components of XINGCAN's AI education platform?

XINGCAN's platform consists of three main pillars: an Intelligent Education Engine for content generation and optimization, an AI Education Ecosystem for content delivery and user management, and a Knowledge Creator Network for teacher IP incubation.

How much has XINGCAN improved teaching efficiency?

XINGCAN reports a 300% improvement in teaching efficiency through its AI-powered educational platform.
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