HK Stock Market Move | Yidu Group (00259) surged nearly 7% in midday trading. Yidu's subsidiary, Suanfeng Information, launched its computing power NeoCloud platform.

Yidu (00259) rose nearly 7% in midday trading, up 4.68% at the time of writing to 4.25 Hong Kong dollars, with a turnover of 3.7944 million Hong Kong dollars. On the news front, on May 11th, Yidu's wholly-owned subsidiary, Hong Kong Suanfeng Information Limited, officially launched the computing service NeoCloud platform cube-router.com. The company stated that this marks the formal entry of domestic AI computing services into the "Token as a Service" development stage, injecting strong momentum into the industrial intelligence upgrade. It is worth noting that HKBN recently announced the launch of the "Al+ domestic computing platform" and signed agreements with Yidu International's Suanfeng Information and Tianyi Zhike to layout domestic computing infrastructure at the Cyberport Data Centre. HKBN will invest 100 million yuan to integrate local network infrastructure and computing resources in response to the continuous growth in demand for intelligent computing by enterprises. The platform will introduce computing resources from Muxi and BIREN TECH.