Hong Kong Stock Market Flash | China Ruyi (00136) Surges Over 4% Following AI Strategy Unveil and Proprietary Product Launch, Building Computing Infrastructure for Business Model Reinvention

Stock News
Sep 23

China Ruyi's (HKEX: 00136) shares climbed more than 4% during Thursday's Hong Kong trading session, with the stock last up 3.79% at HK$1.505, recording turnover of HK$47.1467 million.

The company recently disclosed its long-term strategy to leverage technology in enhancing its core content business. Building on its industrial strengths in film and television, gaming, streaming media, and intellectual property (IP) reserves, the group is using AI technology to seamlessly link scriptwriting, asset generation, distribution operations, and user engagement.

The company has developed three proprietary AI products — C-LIVE, KaoriGo, and Yinghuo Gongchang — which span the entire value chain from upstream digital asset extraction, through midstream script planning and material management, to downstream interactive video and interactive film-game generation.

Additionally, the group's subsidiary, Virtual Cinema Culture Limited (the client), has entered into a cloud services agreement with independent third-party supplier Superpower X AI (Singapore) Technology Pte. Ltd. Under the agreement, the supplier will procure and provide cloud services to the client, either directly or through its third-party partners, granting the client access to the computing power resources necessary to support the group's business needs.

The board emphasized that the group is not merely leasing computing power but is committed to developing a dedicated underlying SaaS/IaaS system customized for entertainment industry industrialization, aiming to consolidate core capabilities and achieve a business model upgrade.

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