Joint VentureMay 28, 2026, 08:52 AM
Mint Forms JV with Rice Robotics, Partners B.Duck for AI Robot Launch
AI Summary
Mint Incorporation Limited announced a major expansion in its robotics business by forming a new joint venture, Rice Robotics AGI Holding Limited, with Rice Robotics Holdings Limited. Mint contributed approximately HK$15,000,000 to the JV. The joint venture has signed a non-binding Memorandum of Understanding with B.Duck Semk Holdings International Limited to launch B.Duck NAVI, an AI companion robot featuring the iconic B.Duck character, which will debut at Licensing Expo Las Vegas. This strategic move aims to expand Mint's robotics business from the business-to-business (B2B) into the business-to-consumer (B2C) market.
Key Highlights
- Mint established Rice Robotics AGI Holding Limited, a new joint venture with Rice Robotics Holdings Limited.
- Mint contributed approximately HK$15,000,000 to the new joint venture, Rice Robotics AGI.
- The joint venture signed a non-binding MoU with B.Duck Semk Holdings for an IP license.
- The collaboration will launch B.Duck NAVI, a new AI companion robot featuring the B.Duck character.
- B.Duck NAVI is planned to debut globally at Licensing Expo Las Vegas (May 19-21, 2026).
- This marks Mint's strategic expansion of its robotics business from B2B into the B2C market.
- The MoU is non-binding and subject to the execution of a definitive agreement.
Price Impact
More from MIMI