Xunce (03317) saw a significant rise of 7% in the afternoon session. As of this writing, the stock is up 6.05%, trading at HKD 256 with a turnover of HKD 687 million.

The company has officially launched TokenONE, the world's first TokenOS operating system. Moving forward, Xunce will use TokenONE as its foundational architecture for expansion, collaborating with industry leaders to build vertical-scenario token factories. These will cover high-value sectors such as healthcare, advanced manufacturing, finance, and energy, aiming to industrialize data tokenization and permeate every critical industry. This initiative seeks to form a new infrastructure network that deeply integrates AI with the real economy.

Notably, in April 2026, Xunce's token call ARR saw a 300% quarter-on-quarter increase. Revenue from the token payment model accounted for approximately 5%, with a target to raise this proportion to 20-30% by the end of 2026.

Furthermore, the price for Xunce's vertical token calls has reached USD 10-100 per million tokens, which is over ten times the price of general large models. This price is expected to continue rising with the increasing professional depth of application scenarios.

This indicates that Xunce is undergoing a systematic transition from a traditional subscription model to a token payment and value-sharing model. The token business model is becoming a new growth engine for the company.