HK Stock Market Move | TANWAN(09890) rose more than 6% in early trading. TANWAN's participation in the establishment of Xinchengyunzhi AI further extends its layout towards bottom-level technical capabilities.

TANWAN (09890) rose more than 6% in early trading, rising by 6.02% as of the time of writing to 10.390 Hong Kong dollars, with a turnover of 7.8923 million Hong Kong dollars. On the news front, recently, Xinchen Yunzhi (Lanzhou) Technology Co., Ltd. was established with a registered capital of 1 billion yuan. The company's business scope covers the development of artificial intelligence application software, the development of artificial intelligence theory and algorithm software, artificial intelligence entrepreneurship service platforms, as well as integrated circuit chip and product manufacturing and sales, among other businesses. The company is jointly held by TANWAN's affiliated company Jiangxi TANWAN Information Technology Co., Ltd., indicating that TANWAN's AI layout is further extending to more underlying technological capabilities. It is worth noting that TANWAN Games has been increasing its investment in the AI field in recent years. It is reported that AI has already begun to have a practical impact on TANWAN Games' operational efficiency. TANWAN Games has independently developed two core systems, "Hetu" and "Luoshu", for generating art materials and optimizing advertising placement. Currently, the penetration rate of AI in art material generation and AI in advertising placement has both exceeded 80%, with a related business efficiency improvement of over 70%.