On May 21, Xunce (03317.HK) rose 3.42% in regular trading, trading at HKD 251.2/share, with trading volume of HKD 29.71 million. The stock continues to benefit from the broader Token economy narrative that has fueled significant gains in recent sessions.

The rally comes amid sustained market enthusiasm following reports that major AI platforms including Doubao (with 345 million MAU) have introduced paid subscription tiers up to 500 yuan/month, signaling the domestic large language model industry is formally entering a commercialization phase. Meanwhile, Deutsche Bank positioned Xunce as a data fuel supplier and billing hub providing high-quality scenario Tokens for vertical industries. Data shows Xunce's Token invocation ARR surged 300% quarter-over-quarter in April, with Token-based paid revenue exceeding 5% of total revenue and a full-year target of 20%-30%.

Additionally, the accelerating deployment of Token factories nationwide and the State Council's inclusion of computing power networks in its six-network strategic plan have further elevated the strategic importance of AI data infrastructure.

(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.)