HK Stock Market Move | Maiyue Tech (02501) rose nearly 33% during trading with Netease Youdao reaching a strategic cooperation agreement. The company plans to globally sell 1 million units of super intelligent portable translation terminals.

MAIYUE TECH (02501) rose nearly 33% intraday, and as of the time of writing, it was up 26.6% to 1.19 Hong Kong dollars, with a turnover of 4.6 million Hong Kong dollars. On the news front, at the signing ceremony of the 22nd China-ASEAN Expo, MAIYUE TECH, as the core signing party, officially signed a strategic cooperation agreement with NetEase Youdao. The cooperation plan aims to jointly develop a super intelligent portable translation terminal, with an estimated global sale of 1 million units. At the same time, the Chinese-ASEAN language analysis large model independently developed by MAIYUE TECH and the NetEase Youdao "Ziyue Translation Large Model" will be deeply integrated, marking the establishment of a new development pattern of "technology cooperation + hardware implementation + global layout" in the field of Chinese-ASEAN language intelligence. In addition, MAIYUE TECH has entered into a non-binding strategic cooperation agreement with Yong Sheng, under which both parties agree to promote AI applications and products in Thailand for a period of three years. In the initial stage, Yong Sheng will purchase 1000 pairs of MAIYUE AI translation glasses from the company, with funding from the Thai government. In the second stage, the company may consider granting Yong Sheng the exclusive distribution rights for these translation glasses in Thailand upon request.