HK Stock Market Move | QUANTGROUP (02685) once rebounded nearly 29%, signed a tripartite strategic cooperation agreement with Lens Technology and Supernew Era.

QUANTGROUP (02685) rebounded sharply from its historical low, rising nearly 29% in the afternoon session. As of press time, it was up 22.02% at HK$2.715, with turnover of HK$311 million. On the news front, on October 29, QUANTGROUP announced that its subsidiary Silicon-Based (Beijing) Intelligent Technology Development Co., Ltd. formally signed a tripartite strategic cooperation framework agreement with Lens Technology and Beijing Supernew Era Embodied Intelligence Technology Co., Ltd. The three parties established a strategic partnership and will conduct in-depth cooperation across four directionsjoint product creation, joint R&D, channel co-building, and ecosystem coordinationaround next-generation AI hardware products such as AI glasses, embodied intelligent Siasun Robot&Automation, tactile dexterous hands, and data-collection gloves. According to the introduction, QUANTGROUP's Silicon-Based Intelligence focuses on R&D of foundation models for the physical world and WAM world action models, and has jointly established a Physical Intelligence Joint Laboratory with Peking University, maintaining long-term dedication to tackling core underlying technologies of physical AI. Leveraging years of accumulated development, the company possesses e-commerce platform resources with 65 million registered users, complete supply chain integration capabilities, and mature B-end and C-end market operation capabilities.