HK Stock Market Move | DYNAGREEN ENV (01330) rose more than 5% in early trading. The company will deepen cooperation with Alibaba Cloud in the field of intelligentization of solid waste power plants.

DYNAGREEN ENV (01330) rose more than 5% in early trading, up 5.62% as of the time of writing, reaching 6.58 Hong Kong dollars, with a trading volume of 12.6373 million Hong Kong dollars. On the news front, DYNAGREEN ENV announced that it has entered into a "Deepening Cooperation Framework Agreement" and its supplementary agreement with Alibaba Cloud. The two parties will deepen cooperation in the areas of upgrading smart power plants, developing industry smart bodies, and expanding overseas business, in order to jointly promote the transformation of the solid waste treatment industry towards high quality and intelligence. According to the plan, the two parties will deepen cooperation in the field of smart power plants for solid waste. Previously, Alibaba Cloud has assisted the company in the operation of intelligent incineration optimization systems in the Tongzhou and Wuhan projects. Based on this, the two parties intend to further deepen and expand cooperation, providing smart power plant services for other power plants operated by the company. At the same time, the two parties will jointly develop smart technologies for the treatment of waste handling, fly ash, leachate, and intelligent detection of diverse solid waste.