YY Group Signs MOU with Beijing Velobotics
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
YY Group Holding announced that it has signed a non-binding Memorandum of Understanding with Beijing Velobotics Tech, leader in commercial autonomous service hardware. Under the partnership, YY Group intends to serve as a regional commercialization and deployment partner for Velobotics' advanced VIGGO L4 autonomous floor-scrubbing and multi-purpose fleets across Singapore and Malaysia. The collaboration targets the systematic integration of these robotic assets into premium commercial environments currently managed under YY Group's extensive IFM footprint, including transportation hubs, major banking facilities, and mixed-use complexes. The initial deployment phase is planned to evaluate the VIGGO SC series. Built upon Velobotics' proprietary autonomous driving deep-learning architecture, the hardware features advanced multi-sensor fusion alongside specialized automated docking workstations. The partnership has an initial term of 24 months and is non-binding except with respect to confidentiality, intellectual property, public disclosure, and governing law provisions. The Parties intend to negotiate one or more definitive agreements covering commercial terms for product purchase, deployment, and potential market development rights.
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About YYGH
YY Group Holding Ltd, is a Singapore-based holding company. The Company offers artificial intelligence (AI)-native workforce management platform and integrated facility management (IFM) services across Asia and beyond. The Company's workforce solutions platform, YY Circle, delivers support to various industries, such as hospitality, food and beverage, retail, and other service sectors predict, plan, and optimize workforce deployment. Its IFM business, 24IFM software platform and comprehensive IFM subsidiary portfolio delivers support to various industries, such as hospitality, transportation, banking, retail, and mixed-use facilities. Through its YY Circle operating division, it connects businesses with skilled professionals in the casual labor market on four continents. Its Hong Ye Group offers IFM solutions with a comprehensive range of maintenance and operation services. Its subsidiary, YY Smart Tech Pte Ltd, serves as the central entity for managing all IT services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Per-Share Asset Value Increase: The per-share total assets rose from $8.03 to $11.13, while net assets increased from $3.18 to $4.03, indicating a healthy financial status post-share consolidation, which boosts investor confidence.
- AI and Robotics Strategy: YY Group is advancing its growth through AI and robotics applications in hospitality, security, and facilities management, demonstrating the company's strategic positioning and business expansion capabilities in emerging markets.
- Market Expansion and Opportunities: The company has expanded its operations in key markets including Singapore, Hong Kong, Thailand, Egypt, and Malaysia, leveraging AI technology to enhance service quality and reduce costs, which is expected to support future revenue growth.
See More
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See More
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- Technological Integration: The collaboration integrates Velobotics' VIGGO L4 autonomous cleaning fleets into YY Group's integrated facility management (IFM) portfolio, which is expected to significantly mitigate chronic labor shortages and drive long-term margin expansion, thereby strengthening the company's competitive edge in the market.
- Automation Deployment Plan: The initial deployment phase will evaluate the VIGGO SC series, leveraging advanced multi-sensor fusion technology and automated docking workstations designed to reduce manual intervention frequencies and optimize human efficiency ratios, ultimately enhancing overall operational efficiency.
- Market Development Potential: YY Group's CEO Mike Fu stated that this partnership not only effectively bridges the gap between traditional manual operations and high-margin smart facility management but also aims to structurally insulate the company's operating margins from regional labor shortages.
See More
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- Initial Production Rollout: YY Group has successfully launched the OpenClaw AI platform with three hotel clients in Southeast Asia, with two client-facing workflows operational, and a broader rollout planned through the second half of 2026, significantly enhancing client service efficiency and market competitiveness.
- Internal Efficiency Boost: The internal deployment of OpenClaw aims to enhance operating leverage and reduce coordination workload for client HR and operations teams, allowing hotel operators to focus more on improving guest experiences, thereby driving overall profit growth for the company.
- Automated Workflows: The platform integrates with daily applications like WhatsApp and Telegram to autonomously monitor open shifts and worker reliability signals, reducing manual intervention and is expected to significantly improve shift fill rates and employee attendance, enhancing client satisfaction.
- Strategic Infrastructure Upgrade: OpenClaw represents more than just an AI agent; it is a comprehensive infrastructure upgrade for YY Group and its clients, expected to drive long-term profit expansion and market share growth through improved operational efficiency and cost reduction.
See More
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- Tourism Potential: As a UNESCO World Heritage city, Melaka is projected to attract over 19 million tourists in 2026, and YY Group's entry coincides with national tourism initiatives, enhancing its market opportunities.
- Human Resource Solutions: YY Circle's AI-powered platform provides hotel operators with on-demand access to trained personnel, addressing the talent shortages faced by the Southeast Asian hospitality industry, thereby improving operational efficiency and reducing fixed labor costs.
- Revenue Growth Expectations: Under this engagement, YY Circle expects to deploy approximately 30 to 40 employees daily, which is anticipated to positively contribute to the company's recurring revenue, further solidifying its leadership position in the rapidly growing hospitality market.
See More
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- Enhanced Industry Influence: YY Group has become an Associate Member of the Singapore Hotel Association, connecting with 173 hotels that represent approximately 80% of the licensed hotel room inventory, thereby strengthening its influence in a highly competitive hospitality market.
- Diverse Participation Opportunities: YY Group will engage in various SHA activities, including seminars, mini-exhibitions, and the annual conference, leveraging these platforms to showcase its expertise in AI-powered workforce solutions and intelligent infrastructure, further solidifying its relationships within the hotel sector.
- Commitment to Technology Promotion: YY Group views this membership as a natural extension of its long-standing focus on the hospitality sector, aiming to advance technology adoption and improve workforce standards, which will enhance operational outcomes and customer satisfaction across the market.
- Market Outlook: The CEO of YY Group stated that joining SHA will provide new touchpoints for listening and contributing to discussions around hospitality workforce solutions, indicating the company's potential for further development in the Southeast Asian market.
See More
