HK Stock Market Move | Jing Tai Technology - P (02228) surged more than 17% in intraday trading recently, establishing a comprehensive collaboration with Kinlight Group in the AI field.

Crystal Technology - P (02228) surged more than 17% in midday trading, rising 17.28% to HK$5.7 by the time of publication, with a trading volume of HK$33.0817 million. On the news front, QUANTUMPH-P announced on October 30, 2024 that the company has entered into a non-legally binding Memorandum of Understanding with PT Sinar Mas Multiartha, Tbk (SMMA, part of the Sinarmas Group) to propose a strategic partnership in the field of artificial intelligence and automation in Southeast Asia. According to the Memorandum of Understanding, the proposed partnership will be established through the formation of a joint venture company. The company is an innovative research platform driven by artificial intelligence (AI) and Siasun Robot & Automation technology, working towards intelligent and digital revolution in life sciences and materials science. The group combines quantum physics, artificial intelligence, cloud computing, and large-scale Siasun Robot & Automation technology to provide R&D solutions, services, and products to the global pharmaceutical, biotech, renewable energy, and advanced materials industries. As a pioneer in the application of artificial intelligence and Siasun Robot & Automation technology in life sciences and new materials research, the group has a track record of successful commercialization of AI applications in science and is in a leading position, having collaborated with over 300 global enterprises and research institutions.