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Hony Media Expands into Robotics Platform Operations Through JV; Shares Jump 10%

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Hony Media Group (HKG:0419) formed a joint venture with Airobo to operate a robotics platform business, according to a Wednesday Hong Kong bourse filing.

The joint venture is 70% owned by Hony Media and 30% by Airobo, the filing said.

The joint venture has established a wholly owned subsidiary in China's Sichuan Pilot Free Trade Zone to handle business development, technology research and development, and customer service for the robotics platform in China.

Shares of the Hong Kong-based media company rose over 10% in Thursday morning trading.

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