HK Stock Market Move | Ming Yuan Cloud (00909) rose nearly 6% during trading hours, and all of its AI digital marketing products have been integrated into the DeepSeek large model.

MING YUAN CLOUD (00909) rose nearly 6% during trading, up 4.77% to HKD 3.58 as of the time of writing, with a trading volume of HKD 64.524 million. On the news front, on February 7th, MING YUAN CLOUD's official website announced the successful integration of the DeepSeek large model. As a digital solution platform for the domestic real estate ecosystem chain, in collaboration with DeepSeek, it will drive a new revolution in digital real estate. Currently, the DeepSeek large model has been deeply integrated into MING YUAN CLOUD's AI digital marketing product line and has been successfully applied to over 2,500 projects in the real estate, home furnishings, and automotive industries. It is reported that MING YUAN CLOUD has a high market share in the vertical track of software service solutions for real estate developers. The company is actively transitioning its customer structure, with over 50% of its revenue coming from state-owned enterprise customers as of 1H24. In addition, MING YUAN CLOUD announced in August last year that the board of directors had decided to use stock repurchase authorization. Depending on market conditions, starting from August 16th of 24, the company may repurchase shares on the open market not exceeding a total amount of HKD 500 million.