Mint Incorporation Limited Partners with Rice Robotics to Launch Physical AI Joint Venture
TLDR: Mint signs MOU with Rice Robotics to establish a joint venture for physical AI solutions. Initial investment of HK$10M aims to accelerate robotics R&D in Hong Kong and Asia. MIMI shares surged nearly 97% in after-hours trading following the strategic announcement. Joint venture plans to expand from B2B services into consumer-focused robotics markets. Mint Incorporation Limited (NASDAQ: MIMI) has signed a non-binding Memorandum of Understanding with Rice Robotics Holdings Limited on February 9, 2026. The agreement sets the stage for a joint venture focused on physical AI solutions across Asia. Mint will provide an initial investment of approximately HK$10 million. Following the announcement, MIMI shares surged nearly 97% in after-hours trading, reflecting investor interest in the company’s expansion into robotics and AI. Joint Venture to Drive Physical AI Innovation Mint Incorporation Limited’s subsidiary, Aspiration X Limited, will lead the collaboration with...