HK Stock Market Move | INKEVERSE (03700) rose more than 9%, with the company investing prospectively in encrypted currencies and experiencing rapid growth in its short drama business.

INKEVERSE (03700) rose by more than 9%, the stock has been continuously climbing recently, with the stock price rising by over 60% within the month. As of the time of writing, it is up by 8.72%, trading at 1.62 Hong Kong dollars, with a turnover of 16.6974 million Hong Kong dollars. On the news front, Bitcoin hit a new all-time high on Tuesday, thanks to the United States under Trump's leadership embracing the digital asset industry more closely. As of the time of writing, Bitcoin is trading at 91,748 US dollars, having risen by over 1.1 times since the beginning of the year. In March of this year, INKEVERSE announced that its board of directors had approved a budget of 100 million US dollars to purchase cryptocurrencies on any regulated and licensed trading platform in the next five years from the date of the announcement. It is reported that in the first half of this year, INKEVERSE's total revenue was approximately 3.53 billion yuan, a year-on-year increase of 13%. Among them, the revenue from micro-drama business reached 640 million yuan, accounting for 18.2% of total revenue, with a year-on-year increase of 36%, becoming the fastest-growing segment of INKEVERSE. According to the Hong Kong Stock Exchange data, on November 13, the company's major shareholder Kunlun Group Limited increased its stake in INKEVERSE by 5 million shares, at a price of 1.3697 Hong Kong dollars per share, raising its shareholding to 11.15% after the increase.