HK Stock Market Move | HUITONGDA NET (09878) rose more than 11% in the final trading session. Qianchengyun AI empowers store SaaS system to achieve comprehensive integration across multiple platforms.

HUITONGDA NET (09878) rose more than 11% at the close, rising 10.13% to HK$15 by the time of publication, with a turnover of HK$44.7152 million. Recently, it was reported that the HUITONGDA NET's "Qianchengyun AI Intelligent Big Model" empowered store SaaS system has achieved comprehensive connectivity for store, product, order, evaluation management and platform capacity mobilization. It has officially accessed several major platforms such as Taobao Flash Sale (and Ele.me), Meituan, and Douyin, empowering instant retail orders and local life order processing and business growth for various industries in the sinking market of retail stores. At the same time, Huitongda will also open this system capability to KA customers, cooperate with multiple chain brands, and more widely access platforms such as Taobao Flash Sale (and Ele.me), Meituan, JD 3 major instant retail platforms, as well as SF Express, Dada, Fengniao, Meituan and other capacity platforms. It will achieve cross-platform, end-to-end digital management in scenarios such as chains and e-commerce, improving overall operational efficiency and consumer satisfaction. Previously, Purui International issued a research report stating that considering the initial success of HUITONGDA NET's business strategy adjustment and the profitability index reaching a historical high, they expect the company's revenue to rapidly rebound in the second half of the year. CMSC International also mentioned that Alibaba is still the largest institutional shareholder of Huitongda, currently holding more than 16% of the shares. On August 8th, Huitongda and Alibaba Cloud signed a comprehensive cooperation agreement. Through resource integration and complementary advantages, the two parties will jointly explore the innovation and application prospects of artificial intelligence and digital solutions, and deepen cooperation in the fields of cloud computing, artificial intelligence, and rural market digitization.