New stock news | Kluai Lu Technology's Hong Kong IPO prospectus is invalid.

Shandong Quick Donkey Technology Development Co., Ltd. (Quick Donkey Technology for short) submitted its Hong Kong stock prospectus on May 19, which expired after 6 months on November 19, with BOCOM INTL as its exclusive sponsor at the time of submission. The prospectus shows that Quick Donkey Technology is a comprehensive service provider for short-distance green travel technology in mainland China. The company's business is centered around an ecological system, which is based on three main pillars: "Quick Donkey Travel", "Quick Donkey Selection", and "Quick Donkey Education", including three major services and supporting digital platforms: "Quick Donkey Car Care", "Quick Donkey Quick Repair", and "Flash Travel Sharing". The company and its business partners provide a variety of products and services through this platform. According to Frost & Sullivan, based on revenue projections for 2024, the company holds a market share of 2.2% among short-distance green travel technology comprehensive service providers in mainland China. Through online platforms, the company actively collaborates with local partner stores to increase product visibility, attract customers, generate revenue, and promote the steady development of short-distance green travel technology.