Shares of CAOCAO INC (02643) surged more than 10% during early trading. At the time of writing, the stock was up 9.58% to HK$32.94, with a turnover of HK$69.45 million.

Strategic AI Initiative

Reports indicate the company plans to establish a standalone artificial intelligence division. This move is part of a comprehensive strategy to implement AI across its operations, aiming for a fundamental transformation from a mobile internet company to an AI-native enterprise.

Leadership Recruitment

It has been noted that the company recently posted a job listing for a "Chief AI Officer" on recruitment platforms. The responsibilities for this role are outlined as formulating AI strategy and technical roadmaps, building a core AI capability system, and driving AI empowerment across all business operations.

Index Inclusion and Market Recognition

In a related development, the Hong Kong Exchange recently announced the semi-annual review results for its Tech 100 Index, with CAOCAO INC being formally included as a constituent stock. This adjustment will take effect after the market close on June 12 and be implemented starting June 15.

This inclusion is seen as market recognition of the company's technological positioning in the fields of Robotaxi and artificial intelligence. Furthermore, the company is expected to benefit from sustained inflows of passive funds tracking the index, which may lead to a further improvement in its liquidity.