HK Stock Market Move | DASHAN EDU (09986) surged over 6% recently, planning to develop a multi-modal social network platform "ViVi.AI" with Light of God using AI.

DASHAN EDU (09986) surged over 6%, reaching 6.58% at the time of writing, at 2.59 Hong Kong dollars per share, with a turnover of 8.8847 million Hong Kong dollars. On the news front, DASHAN EDU announced that on November 14, 2024, its wholly-owned subsidiary signed a cooperation agreement with Genesys Technology Group Limited ("Genesys"). According to the agreement, the group and Genesys established a project company dedicated to developing a mixed social project that combines real people with their DIGIHUMAN based on artificial intelligence technology. The project company plans to develop and use the world's first artificial intelligence multimodal social network platform named "ViVi.AI," which brings together top artificial intelligence, Web3.0, and social platform operation talents globally. The directors of the company believe that this business will inject new vitality into the group's business development. The project company is temporarily named Intelise Artificial Intelligence Social Network International Limited, with an estimated registered capital of 30 million Hong Kong dollars, of which the group will contribute 15.3 million Hong Kong dollars, accounting for 51% of the total capital, and Genesys will contribute 14.7 million Hong Kong dollars, accounting for 49% of the total capital. Considering the advantages of artificial intelligence and related fields, the board of directors believes that entering into this cooperation agreement will enable the group to seize potential business and investment opportunities, and be in line with the overall interests of the company and its shareholders.