Movement Alert｜Xunce Technology Rises 5.24% in Regular Trading, Manufacturing Token Factory Ecosystem Landing Coupled with Accelerating Commercialization

Market Focus

Jul 08

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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