HK Stock Market Move | CHINA BEST (00370) rose more than 16% against the market trend, with its subsidiary Shenzhen Shuwu participating in the construction of the data center in Zhongwei City, Ningxia.

CHINA BEST (00370) rose more than 16% against the market trend, as of the time of writing, it has risen 8.93% to HK$0.305. On the news front, CHINA BEST announced in July last year that its subsidiary Shenzhen Shuwu and China Radio and Television Ningxia Network signed a strategic cooperation framework agreement covering the development of artificial intelligence, various types of computing power services, and advanced computing infrastructure. According to the framework agreement, through participating in the construction of the Zhongwei Data Center in Ningxia, the two parties will use their resources and expertise to carry out a series of investments and collaborations in the field of computing power and digital economy-related projects. It is expected that this cooperation will enhance the group's competitiveness and expand its business coverage in the rapidly growing technology sector. In addition, according to documents disclosed by the Hong Kong Stock Exchange on January 15, 2025, on January 13, South Leader Limited increased its holding of 87 million ordinary shares of CHINA BEST, worth approximately HK$14.79 million. After the increase, South Leader Limited's latest holding is 625 million shares, and its holding ratio has increased from 25.72% to 29.88%.