XunCe (stock code 03317) shares surged 23.3% in afternoon trading to HK$132.8 on the Hong Kong Stock Exchange, following an 18% gain in the previous session. As of 3:30 PM, the stock traded at HK$125, up 16%, with turnover exceeding HK$1.27 billion. The rally followed the company's announcement of a strategic cooperation memorandum with Xinchen KeJi Chuang. The partnership aims to integrate resources for Token-based services through platforms including TokenOS, targeting private equity investment applications. This collaboration marks XunCe's expansion of data tokenization capabilities into the private equity sector, with both parties committed to building AI-native and Token-native fund management infrastructure.
XunCe Stock Surges 23.3% Following Strategic Partnership Announcement
XunCe stock extended gains in afternoon trading after closing up 18% in the previous session. The stock reached an intraday high of HK$132.8, representing a 23.3% increase. Trading volume remained robust, with turnover surpassing HK$1.27 billion by 3:30 PM when shares traded at HK$125, maintaining a 16% gain.
XunCe and Xinchen KeJi Chuang Sign Strategic Cooperation Memorandum
XunCe announced the formal signing of a strategic cooperation memorandum with Xinchen KeJi Chuang. Xinchen's core subsidiary, Hongtai Fund, operates as one of China's prominent private equity investment institutions, focusing on artificial intelligence and applications, chips and robotics, aerospace satellites and low-altitude economy, advanced equipment manufacturing, frontier technology, and life sciences.
The cooperation framework calls for both parties to integrate and utilize their respective resources and industry advantages to provide comprehensive support for business development. The partnership explores Token-based deep empowerment services for Xinchen KeJi Chuang and its portfolio companies through platforms including TokenOS, and jointly develops vertical scenario Token commercialization solutions.
Partnership Targets Tokenization Services for Private Equity Sector
The strategic cooperation represents XunCe's breakthrough in applying data tokenization capabilities to the private equity investment sector. Both parties stated they will jointly build next-generation fund management infrastructure that is AI-native and Token-native, accelerating the implementation of Token commercial scenarios.
FAQ
What caused XunCe Hong Kong stocks to surge 23.3% in afternoon trading?
XunCe stock surged 23.3% to HK$132.8 following the company's announcement of a strategic cooperation memorandum with Xinchen KeJi Chuang. The partnership focuses on providing Token-based services through platforms including TokenOS for private equity investment applications.
Who is Xinchen KeJi Chuang and what does the partnership involve?
Xinchen KeJi Chuang's core subsidiary Hongtai Fund is one of China's prominent private equity investment institutions focusing on AI, chips, robotics, aerospace, advanced manufacturing, and life sciences. The cooperation involves integrating resources to provide Token-based empowerment services and develop Token commercialization solutions for Xinchen and its portfolio companies.
