HK Stock Market Move | VIRTUAL MIND (01520) increased by 11%, the company accelerating the construction of a global IP cooperation ecosystem, with multiple growth opportunities for future performance.

VIRTUAL MIND rose by 11% to 1.1 Hong Kong dollars as of the time of writing, with a trading volume of 4.2356 million Hong Kong dollars. According to publicly available information, VIRTUAL MIND is dedicated to providing full-cycle IP ecosystem construction and operation services for various IP holders and brand owners. In the consumer IP sector, the company focuses on three core businesses: IP digitization, secondary trading of IP products, and IP ecosystem operation. In August of this year, VIRTUAL MIND announced the establishment of a joint venture with Xizuchain Technology, specializing in the new consumer operation of sports IP economy in the Web3.0 model, including categories such as star cards, figurines, and equity cards. Additionally, in the industrial IP sector, the company has established a strategic cooperation with the Saudi Ministry of Industry and Mineral Resources to assist Saudi Arabia in advancing its national industrial IP construction under the "2030 Vision". According to sources from VIRTUAL MIND, the company is about to launch the official LaLiga APP, providing members with services for purchasing and exchanging tickets and merchandise. Each IP has its own fan base, and the company will operate by building fan communities. Blind boxes are just one of the merchandise forms that can be sold within the community, along with benefits such as star meet-ups and offline experiences. As for the performance growth forecast for the next one to two years, the company's IP business is currently in its early expansion stage, and once the business model is established, it has the potential for rapid replication and scale expansion. Overall, the company believes there is substantial room for multiple performance growth.