HK Stock Market Move | VOBILE GROUP (03738) rose more than 4% after announcing the launch of a digital content asset trading platform. The company is expected to benefit from the increase in demand for copyright protection and transactions.

VOBILE GROUP (03738) rose more than 4%, as of the time of writing, it increased by 4.3% to 3.64 Hong Kong dollars, with a turnover of 89.3654 million Hong Kong dollars. On the news front, VOBILE GROUP officially launched its digital content asset trading platform "MAX" in Hong Kong. The new platform is set to be officially launched on New Year 2025. By seizing the important opportunities in the digital economy and artificial intelligence, integrating blockchain technology with the Web3 business model, the MAX platform breaks through the limitations of traditional copyright trading models, drives the free circulation and maximization of the value of digital content assets, and propels Hong Kong to stand out in the global digital economy landscape. In the third quarter of 2024, the company's total revenue increased by approximately 29% year-on-year; revenue from mainland China business increased by approximately 27% year-on-year (in RMB); monthly recurring revenue increased by approximately 32% year-on-year; and overseas business revenue growth rate was about 30%. Soochow's previous research report pointed out that the most controversial issue in the AI field at present is whether companies need authorization from the copyright owner to train AI using copyrighted materials, and courts in China and the U.S. have not provided a clear answer. In addition, Japan considers it as "fair use" behavior. In the process of cooperation between copyright owners and large models, Fubo's role as a third-party service provider is expected to become more important.