HK Stock Market Move | DMALL (02586) rose more than 6% during trading hours and was included in the Hang Seng Composite Index. The company is accelerating the widespread application of AI in the retail sector.
Duosmart (02586) rose by over 6% during intraday trading, as of the time of writing, it had risen by 5.74% to 7.37 Hong Kong dollars, with a turnover of 778.85 million Hong Kong dollars.
DMALL (02586) rose by more than 6% during trading hours, as of the time of writing, it is up by 5.74% at 7.37 Hong Kong dollars, with a turnover of 77.885 million Hong Kong dollars.
On the news front, on February 21, Hang Seng Index Company announced the latest quarterly review results, with DMALL being included in the Hang Seng Composite Index constituents. All changes will be implemented after the market close on March 7, 2025 (Friday) and will take effect on March 10, 2025 (Monday). According to the CITIC SEC research report, DMALL is likely to be included in the Hong Kong Stock Connect, as it meets a series of criteria including market value, liquidity, and listing time.
It is worth mentioning that recently, DMALL's AI products have been integrated with DeepSeek and completed localization deployment, accelerating the widespread application of AI in the retail field. As a well-known domestic retail digital solution provider, DMALL, through its Dmall OS system and AIoT solutions, has helped offline physical retail enterprises to digitally transform. In addition to its cooperation with Wumart, it also covers more than 400 global customers such as PandaMart, 711, Watsons, Denis, Metro, and SM, especially benchmark customers such as PandaMart.
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