Zhipu AI and Doushen Education Establish Joint Venture Company for AI Education Products

According to Chinese company profile platform Tianyancha, on November 12th, Dou Shen Education Technology (Beijing) Co., Ltd. (Dou Shen Education, 300010.SZ) and Beijing Zhipu Huazhang Technology Co., Ltd. and other companies established Beijing Dou Shen Zhichuang Technology Co., Ltd.

This joint venture, primarily owned by Doushen Education, focuses on software and information technology services with a registered capital of 500 million RMB. The company’s operations include cloud computing services, AI software development, 5G communication, and AI technology consulting.

The establishment follows a strategic cooperation agreement signed on October 25th, aiming at the development and marketing of AI education products. Notably, Dou Shen Education has seen a surge in its stock value recently.

The joint venture’s ownership structure comprises 70% held by Beijing Lisichen Hezhong Technology Co., Ltd., a subsidiary of Doushen Education, with the remaining shares split between Beijing Zhipu Huazhang (25%) and Hainan Hezun Network Technology (5%).

Looking ahead, if Doushen Education’s parent company achieves specific financial milestones, Beijing Zhipu Huazhang and Hainan Hezun may request a buyback of their shares. This move aligns with Doushen Education’s commitment to AI education and market growth.

In financial terms, Doushen Education’s revenue for the third quarter of this year reached 226 million RMB, marking a 28.93% increase year-on-year. The company’s net profit attributable to shareholders also saw a significant rise, reflecting a positive trend in its financial performance.

Despite recent fluctuations in its stock price, Doushen Education remains focused on expanding its AI education offerings and solidifying its position in the market.

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