According to the "China Financial News" app, Inkeverse (03700) rose more than 18% in the afternoon, as of the time of publication, it increased by 18.42%, trading at 1.35 Hong Kong dollars, with a turnover of 33.5442 million Hong Kong dollars.

On the news front, in the first half of this year, Inkeverse's total revenue was approximately 3.53 billion yuan, a year-on-year increase of 13%. Among them, the revenue of micro short film business reached 0.64 billion yuan, accounting for 18.2% of the total revenue, a year-on-year increase of 36%, becoming the fastest growing sector of Inkeverse. Shouchuang Securities previously pointed out that the company seized technological innovation, reached cooperation with Kunlun Tech, actively explored the directions of interactive social, AI music, AI scripts, AI operation, digital human live broadcast, and metaverse, broadening diverse interactive entertainment scenarios, which is expected to promote the extension of business boundaries and become a new growth point.

It is worth mentioning that Kunlun Tech announced that its AI short film platform SkyReels will officially launch in the USA on December 10. This marks Kunlun Tech's further expansion in the global AI entertainment market, while also bringing a new intelligent short film experience to North American audiences. The latest information from the Hong Kong Stock Exchange shows that on October 29, Kunlun Group Limited increased its shareholding of Inkeverse by 2.509 million shares, priced at 1.0210 Hong Kong dollars per share, with a total amount of approximately 2.5617 million Hong Kong dollars. The latest shareholding ratio after the increase has risen to 10.02%.