HK Stock Market Move | During the trading session, ZX INC (09890) surged by over 6%, joining hands with Kingnet Network to achieve strategic cooperation, jointly promoting the development of AI large model technology in the gaming sector.

ZX INC (09890) rose more than 6% during trading hours, and as of the time of writing, it is up 4.07% to HK$8.44, with a trading volume of HK$31.5866 million. On the news front, ZX INC announced that on February 26, 2025, its indirectly wholly-owned subsidiary Hong Kong Future Vision Limited (Future Vision) signed a memorandum of cooperation with the subsidiary of Kingnet Network Limited (002517.SZ) (Kingnet Network), Hangzhou Kaixing Network Technology Co., Ltd. (Hangzhou Kaixing), to jointly invest in a company tentatively named Extreme Innovation (subject to the official business registration name) and promote the development of AI large model technology in the gaming field. Under the terms of the cooperation, Future Vision will invest by way of cash contribution, with a total investment of RMB 10 million, and will hold 10% of the target company's equity after the investment. The target company's main business is the commercial application of the "Xingyi" AI large model and artificial intelligence engine in the gaming, film, television, and other entertainment fields. The announcement stated that by signing this memorandum of cooperation and carrying out strategic cooperation with strategic partners, the company believes that the diversified application of artificial intelligence will enhance the effectiveness of the group's game publishing and operations. With the technical support of the "Xingyi" AI large model, the group can optimize the distribution and operation processes of its game products, reducing operating costs. The application of AI technology can help the group achieve precise marketing, optimize the coordination and testing efficiency with new games and developers, and accelerate the speed to market for new games. Meanwhile, using AI to assist game development and content generation can help reduce development costs, enhance game creativity and player experience, and help the group maximize brand value.