HK Stock Market Move | QUNABOX GROUP (00917) opened nearly 6% higher, reaching a strategic partnership agreement for AI development with Dubai. They will collaborate to advance the HOLOX project.

09:23 05/12/2025

In CITIC Group (00917) opened nearly 6% higher, as of the time of publication, it was up 5.93%, trading at 33.56 Hong Kong dollars, with a turnover of 496,700 Hong Kong dollars.

QUNABOX GROUP (00917) opened nearly 6% higher, and as of the time of writing, it was up 5.93% at 33.56 Hong Kong dollars, with a trading volume of 496,700 Hong Kong dollars. In terms of news, on December 4th, QUNABOX GROUP announced that the company has reached a strategic cooperation agreement with His Highness Shaikh Thani Saeed Thani Juma Al Maktoum, a member of the ruling family of Dubai, to jointly promote the HOLOX project. This project is a strategic initiative aimed at developing a new generation of AI-based entertainment and lifestyle experiences. The overall vision and technological direction of HOLOX are highly consistent with the UAE's "2031 National Artificial Intelligence Strategy", which outlines the country's long-term goals for promoting AI applications in key economic and cultural sectors. The group believes that the momentum of AI-driven development in the region provides a favorable environment for the international expansion of the group's AIoT innovation capabilities. HOLOX, as a new generation AI platform, will combine advanced multimodal AI, context reasoning, and adaptive learning technologies with intelligent hardware to create immersive, interactive, and AI-native gaming and entertainment experiences. It is expected that after its launch, HOLOX will first land in Dubai and the Middle East, and then expand to major markets in Asia.

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