Asia
Guan Chao Unit Signs E-Commerce MOU for Smart AI Massage Comb Franchise
Guan Chao (HKG:1872) said its Shenzhen Groland Health Technology unit signed a memorandum of understanding with Hangzhou Huashen Network Technology to market and sell its AI scalp massage comb and related products in China, according to a Tuesday Hong Kong bourse filing.The companies plan to collaborate on e-commerce operations across Douyin and Tmall, including livestreaming, influencer marketing, content creation, and brand promotion.The partnership targets a gross merchandise value of 20 million yuan in 2026 and 100 million yuan in 2027.Shares of Guan Chao were down nearly 3% in Wednesday afternoon trade.
HKG:1872
