Viomi And Kugou Music Reach Strategic Cooperation

Binwei Wang
    Jul 08, 2020 10:55 AM  PT
Viomi And Kugou Music Reach Strategic Cooperation
author: Binwei Wang   

The stock of Viomi Technology Co. Ltd. (Nasdaq: VIOT) trading at $6.38 per American depositary share, up 5.63%, after the company reported its announced a strategic cooperation agreement with Kugou Music on Wednesday.

The company reported that users can use Kugou Music service on its products, including playing music with voice activated technology. 

The Guangzhou-based company, which makes IoT at-home technology products, said the cooperation enables it whole-house Internet home appliances to step out of the household consumption scene and provide intelligent services for more users through various channels.

The company added that the cooperation will facilitate the creation of more products for the ever-expanding at-home consumption segment, as well as products that satisfy other customers needs.

The company may also improve the ecological layout of 5G IoT products, and lead the development of the home appliance industry from intelligent to whole house interconnection.

With China's smartphone maker Xiaomi Corp. (HKEX: 1810) as its main partner, Viomi provides home appliances enabled with Internet connectivity and powered with artificial intelligence. Viomi's products, including dishwashers and water purifiers, can be controlled through a mobile platform, while some devices, like refrigerators, recognize voice commands.