HK Stock Market Move | XUNCE(03317) rose more than 20% in the final trading session, pushing the stock price to a new high. The company is about to join the trillion dollar club.

XUNCE (03317) rose more than 20% in afternoon trading, reaching a high of 285 Hong Kong dollars and hitting a new high since listing. Its total market value also surpassed 90 billion Hong Kong dollars, and the company is expected to enter the trillion-dollar club. As of the time of writing, the stock rose by 19.02%, closing at 276.6 Hong Kong dollars, with a trading volume of 25.25 billion Hong Kong dollars. On the news front, according to statistics, as of March this year, China's daily average Token call volume has exceeded 140 trillion, an increase of over 1000 times since early 2024. In terms of business model, XUNCE achieved a shift from subscription and transaction-based models to Token payment models by 2025, with Token fees currently accounting for 5%. XUNCE expects that with the explosion of AI inference demand, the Token payment model will gradually become a part of the company's revenue structure in the next two to three years, with the proportion expected to significantly increase.