HK Stock Market Move | Legend Holding (03396) surged over 22%, its subsidiary Junlian Capital participated in the investment in autonomous variable Siasun Robot & Automation, Lenovo is expected to benefit from AI PC innovation.

Legend Holdings (03396) rose more than 22% in the afternoon, rising by 22.09% to 11.66 Hong Kong dollars with a trading volume of 348 million Hong Kong dollars at the time of the report. On the news front, recently, the intelligent company "Variable Siasun Robot & Automation" announced the completion of a multi-billion dollar Pre-A++ round of financing, led by Lightspeed Venture Partners and Junlian Capital, with Beijing Siasun Robot & Automation Industrial Fund and Shenqi Capital as co-investors. The financing will be used for training and scenario landing of the next-generation unified intelligent general large model. It is reported that Junlian Capital is a fund management company under LEGENDHOLDING focusing on early-stage venture capital and growth-stage private equity investment. In addition, LENOVO GROUP under LEGENDHOLDING is a leading company in the global PC market. Goldman Sachs believes that LENOVO GROUP is an early beneficiary of AI PC, as its high brand awareness, high exposure in commercial and mid/high-end models, and leading market position can attract more leading chip platform suppliers and basic model suppliers to cooperate, looking forward to AI PC and servers driving Lenovo's future product portfolio upgrade.