Movement Alert|XUNCE Rises 5.21% in Regular Trading, Signs MOU with GP Capital on AI and Tokenization Cooperation

Market Focus
Sep 18

On September 18, XUNCE rose 5.21% in regular trading, trading at 104.5 HKD/share, with turnover of approximately 80.11 million HKD. The gain was driven by the announcement that the company has signed a memorandum of understanding with GP Capital Industrial Investment Fund Management Co., Ltd.

According to the filing dated September 17, the two parties will jointly explore building an AI-native and token-native investment portfolio ecosystem. XUNCE will leverage its TokenOS platform to provide deep tokenization services for GP Capital's portfolio companies, while jointly expanding token commercialization services. GP Capital, a strategic entity under Shanghai International Group, manages over 70 billion yuan in funds and has invested in more than 600 technology startups.

Notably, XUNCE previously disclosed a proposed investment of up to 12 billion yuan to build an AI inference and computing center, with a related special resolution pending approval at an extraordinary general meeting scheduled for September 28. In its latest interim results, the company reported revenue of 967 million yuan for H1, a 389% year-over-year surge, achieving a turnaround to profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10