Great Wall News on December 3rd | Bai Rong Yun-W (6608.HK) rose by about 5% to HKD 9.55 at one point during trading. Bai Rong Yun's buyback actions continue, with Bai Rong Yun spending 2.97 million Hong Kong dollars on November 28th to repurchase 0.32 million shares. Data from the Great Wall News app shows that the company has repurchased a total of 18.978 million shares this year, accounting for approximately 3.86% of the total share capital. It is reported that in late March this year, Bai Rong Yun announced that it would occasionally repurchase company shares in the open market for an amount not exceeding 0.25 billion Hong Kong dollars within the next 12 months. The share buyback plan continues to steadily progress, demonstrating Bai Rong Yun's strong confidence in its own stock price and the company's long-term development. Tianfeng Securities recently issued research pointing out that Bai Rong Yun is expected to benefit from investments in publicity and quality traffic acquisition in the future, with revenues and net income expected to increase quarter-on-quarter in the second half of the year. The impressive data in the company's core business in the BaaS financial industry cloud may continue to drive the company's performance upwards in the future, maintaining a 'buy' rating. (Great Wall News)