B.Duck Semk Holdings International Ltd. has announced the formation of a joint venture through its subsidiary, Semk Tourism. This venture involves a partnership with NISCO Xingbo, with a total registered capital of RMB37.5 million. Semk Tourism will contribute RMB22.5 million in cash, while NISCO Xingbo or its affiliates will provide RMB15 million. The joint venture will focus on leveraging B.Duck's intellectual property, encompassing trademarks and copyrights, to develop new products. An IP Licensing Agency Agreement is set to be established following the joint venture's formation to facilitate this endeavor.
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