HK Stock Market Move | UBOX ONLINE(02429) rose by over 15% in the afternoon and reached a strategic cooperation with Greencity Community Business to develop the unmanned retail market.

UBOX ONLINE (02429) rose 17% yesterday and surged over 15% again in the afternoon today. As of press time, it has increased by 9.6% to HK$19.18, with a trading volume of HK$40,543,600. On the news front, recently, Greentown Community Business and UBOX ONLINE signed a strategic cooperation agreement at the headquarters of GREENTOWN SER in Hangzhou. The two parties will join forces, leverage their own strengths, adhere to the cooperation policy of mutual complementarity, realize multi-scenario cooperation, fully unleash the market value of unmanned retail, jointly cultivate a good retail ecological environment, and promote the popularization of unmanned retail. At present, Greentown Community Business has deployed nearly 500 unmanned intelligent retail cabinets in more than 300 parks nationwide. Anxin International previously released a research report stating that the unmanned retail industry in China is in its early stages of development, with great potential for future industry development. As the largest operator of unmanned retail business in China, UBOX ONLINE has a large-scale advantage and technological superiority. The company will achieve rapid expansion through a franchise model in the next 24 years, which is a key year for scaling up and improving profitability.