Maase to sell 49% stake in Laixi Intelligent for $17 million

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Maase Inc. has agreed to sell its indirect 49% stake in Qingdao Huiju Laixi Intelligent Technology for $17 million in cash. The company said it will no longer hold an interest in the unmanned car wash business after the transaction closes. Maase plans to redirect capital toward AI infrastructure, distributed computing, large language models, intelligent hardware, and industrial AI applications.

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Maase Inc.
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Maase is selling a non-core stake for $17M and plans to reinvest in AI and distributed computing, which is a strategic capital reallocation.