Jiuzi Holdings, Inc. (Nasdaq: JZXN) said it is in strategic cooperation talks with a Web3 technology company focused on building an artificial intelligence crypto trading platform. Under a preliminary arrangement, the two sides plan to jointly develop and market an AI-powered cryptocurrency diagnostics and trading platform aimed at commercial use.
The proposed token transaction is the main focus of the announcement. JZXN said it intends to acquire tokens issued by the counterparty at a significant discount through a private placement of its common stock, with a total value of about $1 billion. Based on current market valuations and assumptions, the company said a completed deal could produce considerable unrealized gains. That remains conditional, though. The transaction has not been finalized, and the valuation outcome depends on assumptions that may change.
Partnership centers on AI market analysis and trading tools
According to the company, the cooperation would combine the parties’ resources and experience across AI technology, cryptocurrency trading, and Web3. The stated goal is to move ahead with product development and commercialization for AI-driven market trend analysis, risk identification, and intelligent trading engines. JZXN said a finalized and executed partnership could expand its technology base and business presence in related areas, while opening new business opportunities.
The counterparty’s token is also expected to apply for listing and trading on Binance. JZXN said such a listing, if achieved, could improve price discovery and liquidity for the token. At the same time, the company said there is no assurance that the listing will happen, no certainty on timing, and no guarantee on post-listing performance. It also made clear that it is not committing to any future token price or return.
Negotiations are ongoing and no definitive agreement is in place
JZXN said the matter remains under negotiation and subject to framework arrangements. There are material uncertainties over whether the parties will sign a legally binding definitive agreement and whether the proposed private placement and token acquisition will proceed as planned. The company said it will handle the process in line with applicable laws, regulations, and supervisory requirements, and that it will issue separate announcements on any specific issuance plan, the signing of a definitive agreement, and other major developments.