The Hong Kong stock market rose slightly in the morning, with the Hang Seng Tech Index performing relatively well.
Among the constituent stocks of Hang Seng Tech Index, $HUA HONG SEMI (01347.HK)$, $SENSETIME-W (00020.HK)$, $ALI HEALTH (00241.HK)$, $SUNNY OPTICAL (02382.HK)$and others are among the top gainers.
Among the stocks with large fluctuations in the Hong Kong stock market, $GOLDSTREAM INV (01328.HK)$its stock price once surged by over 200% and the stock has risen more than 160% as of the time of writing.
Goldstream Investment released an announcement last night stating that the company signed a non-binding strategic cooperation memorandum with SenseTime on June 4, 2024. According to the strategic cooperation memorandum, the company and SenseTime (and/or their respective affiliates) will explore feasible cooperation, including:
1. AI+Finance collaboration:
The company will leverage its resources and experience in the financial field to jointly develop AI-driven financial products and services with SenseTime, focusing on the investment research and decision-making support aspects. SenseTime will provide advanced AI technology support to help the company to facilitate technological empowerment in investment research and decision-making support, produce and interact mode transformations in large model capabilities among the massive information supplies, establish investment research assistants through in-depth processing of multiple sources of information, and realize decision-making assistance through personalized information push.
2. Jointly empower ecological enterprises:
The company will provide support to SenseTime and its AI ecosystem enterprises to assist their rapid development in technology and business, including but not limited to business expansion financial advice, overseas capital markets and investment financing advice, investment management products and asset allocation services. SenseTime will provide AI computing power and technical support to support the company and its ecosystem enterprises in enhancing their AI technology capabilities and application abilities.
3. Jointly build AI's ability to go global:
The company and SenseTime will collaborate to develop AI+financial solutions to regulate international market demand, jointly explore overseas markets. The company provides resources and channels for international market expansion, while SenseTime provides technical and product support.
Regarding the reasons and benefits of the strategic cooperation, the announcement stated that the the Group mainly engages in providing investment management and strategic direct investment businesses. The company believes that the strategic cooperation memorandum is a powerful testimony to the company's business capabilities and potential. The board of directors believes that the cooperation between the Group and SenseTime under the strategic cooperation memorandum (if implemented) represents the Group's further strengthening of its influence and investment in the AI field, and provides innovative solutions and cutting-edge technology opportunities for the Group's portfolio and ecosystem enterprises, and signing the strategic cooperation memorandum is in the overall interests of the company and its shareholders.
Editor/tolk