Maase Inc. will sell its indirect 49% stake in a car wash business to reallocate capital toward AI infrastructure and applications.
Maase Inc. (MAAS) announced the sale of its 49% indirect stake in Qingdao Huiju Laixi Intelligent Technology for $17M in cash. The move aims to sharpen the company’s strategic focus on artificial intelligence initiatives.
The transaction will eliminate MAAS’s involvement in the unmanned car wash sector. Proceeds will be redirected toward AI infrastructure, distributed computing, large language models, intelligent hardware, and industrial AI applications.
The company did not disclose a timeline for the deal’s completion but emphasized its shift toward higher-growth AI segments.