Hong Kong Stock Market Alert | DMALL (02586) Surges Nearly 7% in Late Trading, Prepares to Launch Duoduo FlashBuy with Doubao to Accelerate AI Retail Ecosystem Expansion

Stock News
Sep 22

DMALL (02586) saw its share price climb nearly 7% during the final trading session, bringing its cumulative gains for the month to over 40%. At the time of writing, the stock was up 6.85% at HK$5.85, with trading turnover reaching HK$35.22 million.

On the news front, DMALL continues to advance its AI-driven retail ecosystem strategy. As a strategic partner within the Doubao ecosystem, DMALL will be among the first to integrate into the Doubao platform and is set to launch "Duoduo FlashBuy" in the near term, having already completed internal testing. This new service combines DMALL's retail digitalization capabilities across merchandise, store operations, and fulfillment with Doubao's AI interaction technology, creating a fresh gateway that connects consumers with physical retail merchants.

This collaboration signals an extension of DMALL's retail digitalization expertise into AI-powered consumer touchpoints, boosting user reach and conversion efficiency for brick-and-mortar retailers while broadening the company's service scope and ecosystem boundaries. DMALL remains committed to embedding AI into real-world retail scenarios, positioning AI as a new growth entry point for physical retail and unlocking new opportunities for the company's long-term development.

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