Shares of ZTE Corporation (HKEX: 00763) are rising close to 4%. As of the latest update, the stock is up 3.41%, trading at HK$27.92 with a turnover of HK$1.43 billion.

The catalyst for the move is news of a significant strategic collaboration. On June 3rd, according to an official social media announcement from ZTE, the company is actively expanding its ecosystem partnerships and has entered into a deep strategic cooperation with Tencent Holdings Ltd (HKEX: 00700). The two tech giants are set to jointly launch a new AI-powered cloud computer product featuring Tencent's native WorkBuddy platform.

The upcoming product integrates Tencent Cloud's computing power and its Hunyuan large language model capabilities. It is deeply optimized for the WorkBuddy intelligent agent and Tencent's ecosystem of applications. The target market for this solution includes students, professionals, individual entrepreneurs, and small to medium-sized teams.

Hua Xinhai, Vice President of ZTE, commented on the market opportunity, noting that while the household computer ownership rate in China stands at 67.5%, approximately 20% of these devices remain idle for extended periods. He positioned the cloud computer as an application of the sharing economy within the computing power sector, representing a shift from "owning the device" to "enjoying the service."