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Xiao-I Corporation Renews and Expands Partnership with Inner Mongolia Yili, Transitioning to Subscription-Based Model for AI Services
SHANGHAI, Sept. 19, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced the renewal of its contract with Inner Mongolia Yili Industrial Group Co., Ltd. ("Yili") (A Share:600887). This renewal continues a
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Xiao-I Corporation Renews and Expands Partnership with Inner Mongolia Yili, Transitioning to Subscription-Based Model for AI Services - XIAO-I (NASDAQ:AIXI)
SHANGHAI, Sept. 19, 2024 /PRNewswire/ -- Xiao-I Corporation AIXI ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced the renewal of its contract with Inner Mongolia Yili Industrial Group Co., Ltd. ("Yili") (A Share:600887). This renewal continues a long-standing
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Xiao-I Corporation, a leading cognitive intelligence company, has renewed and expanded its partnership with Inner Mongolia Yili Industrial Group Co., Ltd. The collaboration now includes a transition to a subscription-based model, marking a significant shift in their business relationship.

Xiao-I Corporation, a prominent player in the cognitive intelligence sector, has announced the renewal and expansion of its strategic partnership with Inner Mongolia Yili Industrial Group Co., Ltd. (Yili Group), one of China's largest dairy producers
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. This development marks a significant milestone in the ongoing collaboration between the two companies, which began in 2021.A key aspect of this renewed partnership is the transition from a project-based model to a subscription-based service model
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. This shift is expected to provide Yili Group with more flexible and scalable AI solutions, while also offering Xiao-I a more predictable and recurring revenue stream.Under the new agreement, Xiao-I will continue to provide its advanced AI-powered customer service solutions to Yili Group. These solutions include intelligent outbound calls, AI training, and knowledge base construction
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. The expanded partnership will see these services implemented across more of Yili's product lines and business units, potentially improving customer engagement and operational efficiency.This partnership renewal represents a strategic move for Xiao-I Corporation. By transitioning to a subscription-based model, the company is aligning itself with modern SaaS (Software as a Service) practices. This approach could lead to more stable and predictable revenue, as well as deeper, long-term client relationships
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.The expanded collaboration between Xiao-I and Yili Group showcases the growing adoption of AI technologies in traditional industries. It highlights how cognitive intelligence solutions are becoming increasingly integral to customer service and operational strategies in sectors such as food and beverage manufacturing
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Both companies express optimism about the future of their partnership. Xiao-I sees this as an opportunity to further showcase its AI capabilities and potentially expand its client base in the consumer goods sector. For Yili Group, the continued integration of AI solutions could lead to improved customer satisfaction and operational efficiencies
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.While specific financial details of the agreement have not been disclosed, the market has responded positively to this news. The renewal and expansion of this partnership could be seen as a vote of confidence in Xiao-I's AI technologies and their practical applications in large-scale business operations
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