HK Stock Market Move | WEIMOB INC (02013) rose more than 6% in early trading, receiving a $200 million investment from international long-term institutions to accelerate the deep application of AI technology in multiple scenarios.

WEIMOB INC (02013) rose more than 6% in early trading, as of the time of publication, it rose 4.44% to 2.59 Hong Kong dollars, with a trading volume of 192 million Hong Kong dollars. In terms of news, on September 18, WEIMOB INC announced that the group had entered into a subscription agreement with the well-known international long-term investment institution Infini Capital, successfully raising 200 million US dollars, with the funds mainly used for investment in AI research and development and international expansion. The current round of financing for WEIMOB INC will mainly be used in three areas: first, the integration and application of AI in SaaS, upgrading the AI technology infrastructure to enhance computing power and storage capacity, and accelerating the deep application of AI technology in retail and e-commerce scenarios; second, expanding media channels and precise marketing service capabilities, deepening the ecological layout on platforms such as Douyin and Xiaohongshu; third, actively promoting the development of overseas business, investing in companies with innovative AI models and supporting products, and expanding cross-border business operations. With this subscription, WEIMOB INC successfully introduced international long-term capital, not only injecting sufficient funds for future development, but also optimizing its shareholder structure. Infini Capital is an international long-term capital institution headquartered in Abu Dhabi and Hong Kong, China. Since the beginning of this year, Infini Capital has participated in investments in several Hong Kong-listed AI leading enterprises. This financing fully demonstrates the long-term confidence and firm support of international long-term capital in Weimob.