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Lexiang Group made an announcement on the Hong Kong Stock Exchange, revealing that it had entered into a Framework Cooperation Agreement with Volcano Engine on March 11. This strategic move is geared towards bolstering its AI strategy and sharpening its edge in core technological prowess. Drawing on Volcano Engine's technological prowess, Lexiang Group will engage its services for technical support, including the deployment of the Doubao large-scale model. Both entities will form a dedicated project team, tasked with the joint integration and tailored development of product solutions, thus paving the way for the practical implementation of technological advancements. The agreement remains in effect until March 31, 2027, with the finer points of cooperation to be ironed out through separate, specialized agreements.
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