INKEVERSE Soars Over 12%, Up 90% This Month Following Near HK$3.3 Billion Funding for GPU Acquisition

Stock News
May 29

INKEVERSE (03700) surged more than 12% in trading, extending its monthly gain to over 90%. As of press time, the stock was up 10.26% at HK$1.29, with a turnover of approximately HK$199.76 million. The rally follows the company's announcement of a proposed placement of 387.5 million shares, aiming to raise net proceeds of about HK$328 million. Approximately 75% of the funds are earmarked for the acquisition of high-performance GPUs to establish and expand the group's GPU computing infrastructure. The remaining 25% is intended to serve as general working capital for the GPU computing infrastructure over the next 12 months and to cover daily administrative expenses for the company's overseas teams. The company's annual report highlighted a dual-engine strategy focused on technological innovation and globalization, aiming to systematically implement artificial intelligence across business scenarios to enhance product interaction experiences and content production processes, while maintaining strategic investments and asset reserves in cutting-edge technologies like Web3.0. INKEVERSE also indicated plans for 2026 to advance AI-driven restructuring of social entertainment product scenarios, using intelligent technology to optimize user connection efficiency and improve real-time interaction depth.

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