HK Stock Market Move | WANKA ONLINE (01762) rose more than 5% in the afternoon and received a heavyweight investment from a well-known investor, jointly promoting AI applications and global expansion.

WANKA ONLINE (01762) rose more than 5% in the afternoon, as of the time of the report, it rose by 4.81% to 2.18 Hong Kong dollars, with a turnover of 13.6146 million Hong Kong dollars. On the news front, on March 12th, WANKA ONLINE announced that it has received a strategic investment of 350 million Hong Kong dollars from well-known investors Gong Hongjia and Li Ying. After the completion of this fundraising, the funds will be invested in three main directions: 60% of the funds will be used to support strategic investments, mergers and acquisitions at the group level; 30% of the funds will be used to accelerate the upgrade of AI applications and the expansion of overseas businesses; the remaining 10% of the funds will be used to support the operation of the group business and promote sustainable growth. In the article "Gong Hongjia and Li Ying join forces with 350 million Hong Kong dollars to strategically invest in WANKA ONLINE (01762), jointly promoting AI applications and global layout", it pointed out that Gong Hongjia, a highly influential tech entrepreneur and angel investor in China, is known as the "godfather of AI investment in China". His leading private capital Jia Dao has long been deeply involved in cutting-edge technologies such as artificial intelligence, semiconductors, and healthcare, and has a forward-looking layout. According to public information from Qcc, Li Ying has served as a core executive at ByteDance and many of its affiliated companies. WANKA ONLINE relies on the strong self-generating ability of its core mobile ecosystem and game advertising business. The joint entry of Gong Hongjia and Li Ying is like adding wings to the tiger. It is not only the blessing of capital, but also the deep integration of industrial resources, strategic vision, and innovative ideas, empowering the group to seize the first-mover advantage in the AI industry revolution and move towards a new stage of rapid development.