On July 8, Xunce Technology rose 5.24% in regular trading, trading at 114.4 HKD/share, with turnover of HKD 124 million, extending its recent recovery trend.

On the news front, the company recently signed a strategic cooperation memorandum with Gechuang Dongzhi (a TCL subsidiary), jointly launching a Token Factory Alliance ecosystem in industrial manufacturing. The partnership will explore data assetization and token-based billing models for the manufacturing sector, marking a further expansion of Xunce's data tokenization capabilities into industrial intelligent manufacturing.

Additionally, the company's May Token ARR surged 320% month-over-month, with token-based paid revenue exceeding 5% of total revenue, targeting 20%-30% by year-end. The stock has been recovering from placement pressure on July 3, when the company announced a 7.3 million H-share placement at HKD 107.70 per share alongside a RMB 1.36 billion zero-coupon convertible bond issuance to fund business expansion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)