Cheer Holding Announces Plan to Acquire 60% Equity Stake in ZKZG, Accelerating AI Development

BEIJING, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Cheer Holding, Inc. (NASDAQ: CHR) (“Cheer Holding” or the “Company”), a leading provider of advanced mobile internet infrastructure and platform services, today announced it has entered into a non-binding investment framework agreement (the “Framework Agreement”) with all the shareholders of Beijing Zhong Ke Zhi Guo Technology Co., Ltd. (“ZKZG”), a provider of synthetic data utilizing generative AI and simulation technology. Pursuant to the Framework Agreement, Cheer Holding intends to acquire a 60% equity stake in ZKZG through a combination of share issuance and cash payment.