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Joint Venture Agreement: Youlife Group Inc. has entered into a joint venture with Beijing Galbot Co., Ltd., where Youlife will hold a 51% equity stake in the new entity, Beijing Youlife Galaxy Technology Co., Ltd. This collaboration aims to integrate Youlife's vocational education network with Galbot's advanced robotics technology.
Company Background: Youlife is recognized as the largest blue-collar lifetime service provider in China, having partnered with nearly 100 educational institutions and facilitated employment for over one million individuals. Galbot specializes in embodied intelligent robotics and has developed several pioneering robotic models.
National Alignment: The joint venture supports China's "Vocational Education Quality Improvement Action Plan" and aims to tackle a projected shortfall of 29 million skilled workers in key manufacturing sectors by 2025, alongside the increasing demand for industrial automation.
Technology-Driven Solutions: Youlife Galaxy seeks to bridge the labor supply-demand gap through innovative, technology-driven vocational training solutions.
Robotics Industry Colleges: By September 2025, Youlife Galaxy plans to train thousands of students in robotics at vocational colleges, utilizing Galbot robots for immersive, hands-on learning experiences.
Curriculum Development: The venture will create tailored programs in collaboration with industry partners, focusing on emerging sectors like intelligent manufacturing and proactive healthcare to ensure students acquire relevant skills.
Global Talent Network: Youlife Galaxy will leverage Youlife's international strategy to train intelligent equipment operators for Chinese enterprises involved in the Belt and Road Initiative.
Transforming Education: Youlife's CEO, Yunlei Wang, envisions a future where human-machine collaboration enhances vocational education, enabling blue-collar workers to transition into high-skill, high-value careers.
Global Impact: The initiative aims to transform vocational education from traditional models to a new paradigm of human-machine symbiosis, potentially benefiting over 400 million blue-collar workers worldwide.
