Merchant retention rate exceeds 90%. Fuxi Technology opens the door to overseas markets with AI products.

The AI boom is still ongoing and gaining momentum. Some institutions have stated that 2026 will be a key year for AI applications to transition from "technology validation" to "commercial promotion". The main reasons for this, according to Huaxin Securities, are three major turning points: firstly, the gradual maturation of technology, with many large models now having strong tool calling, multimodal understanding, and autonomous planning capabilities; secondly, continuous policy support, with the government proposing the deep implementation of the "AI +" action, emphasizing the need to develop commercial applications; thirdly, market demand resonance, from cost reduction and efficiency improvement on the business end to popularity on the consumer end. In this context, many Chinese companies have set their sights on overseas markets, exporting China's AI capabilities and creating differentiated competitive advantages against international competitors, such as Fushiji Technology. Fushiji Technology is an ecological enterprise under the Hong Kong-listed company YEAHKA (09923), positioning itself as a global merchant AI service provider. It currently serves clients in regions such as Singapore, Malaysia, Vietnam, Indonesia, Japan, and Australia, providing services including payment management, store operations, and membership management to global merchants. Johnson Tan, Vice President of Fushiji Technology, stated in a previous interview that the company has increased its investment in AI research and development since 2023, using AI innovation to empower business decisions and improve efficiency. In 2025, Fushiji Technology's AI products started to be implemented, announcing the launch of an AI Agent for the restaurant industry in Southeast Asia in March of that year, followed by another AI Agent product, AI Shop. Currently, Fushiji Technology's products mainly include AI CRM and AI Shop. The AI CRM gathers vast amounts of merchant and member information, with data containing significant commercial value. Next, the company will launch innovative features such as natural language interaction to generate customer acquisition pages, allowing merchants to describe products, services, and conversion goals, with the system using natural language processing and AI technology to generate and launch customer acquisition pages that can be directly used for marketing and customer acquisition. This upgrade is not just a tool improvement, but also helps merchants to quickly respond to the market and reduce the distance from insight to growth. AI Shop can dynamically generate product categories based on user-friendly language descriptions, creating a personalized shopping experience. It seamlessly switches between different category scenarios, predicts consumer needs based on customer preferences and behavior data, and intelligently recommends the optimal shopping combination to increase sales conversion rates. 2026 is a crucial year for AI Agent to "create economic value," already a consensus among many industry professionals. Tang Jie, a professor at Tsinghua University and founder of KNOWLEDGE ATLAS (02513), recently stated in a speech that three factors will determine the future trend of Agents: value rigidity, cost control, and development speed. He believes that the primary factor is whether Agent can address real human needs with high value; secondly, costs must be controllable to achieve commercialization; finally, in the era of rapid iteration of large models, "speed and time" are crucial, with enterprises needing to rapidly validate and occupy the market within a limited time window. Up to now, Fushiji Technology has covered over 220 brands, serving over 34,000 merchants and providing services to over 40 million customers. With the support of AI, the merchant retention rate exceeds 90%, far exceeding the customer retention rate of traditional marketing methods. Public information shows that Fushiji Technology has completed multiple rounds of financing, with investors including SF INTRA-CITY, and other well-known domestic investment institutions. It is known that Fushiji Technology has invited Mr. Zeng Zijian to join and lead the company's financial management, financing, and capital market work. Zeng Zijian has previously worked at Goldman Sachs and Xiaohongshu. In terms of the market, Fushiji Technology will continue to explore the application scenarios of AI technology internally and externally, further consolidating AI research and development results to rapidly expand its overseas business scale.