WEIMOB INC (02013) surged over 4% in early trading. As of press time, the stock was up 4.53% to HK$2.77, with a trading volume of HK$72.1894 million.

On the news front, WEIMOB INC recently announced a strategic investment in North American AI innovation company Genstore.ai. Simultaneously, the company officially announced the establishment of "WEIMOB Overseas," a new business unit. WEIMOB Overseas has become the exclusive strategic partner of "Genstore.ai China," and both parties will assist Chinese brands in expanding overseas.

Notably, WEIMOB INC recently announced plans to place approximately 688 million shares to Limitless Capital, with net proceeds from the placement amounting to approximately HK$1.555 billion. According to the announcement, 30% of the proceeds will be used to explore AI integration and applications in SaaS, 30% for expanding media channels and strengthening precision marketing services, 10% for overseas business development, and 30% for supplementing working capital and general corporate purposes.

It is reported that Limitless Capital is an investment institution with dual headquarters in Abu Dhabi and Hong Kong, which has been deeply involved in strategic investments in multiple leading enterprises in the AI sector. Upon completion of the placement, Limitless Capital will become the company's largest single shareholder, holding a 16% stake.