Stock Track | PHANCY Soars 5.13% Intraday on Strategic Alliance and $20M AI Service Deal with HUANXI MEDIA

Stock Track05-22 13:19

PHANCY's stock price surged 5.13% during intraday trading on Friday, reflecting significant investor optimism.

The sharp rise follows the company's announcement of a strategic cooperation and joint venture framework agreement with HUANXI MEDIA GROUP LIMITED. This partnership aims to combine PHANCY's artificial intelligence expertise with HUANXI MEDIA's strengths in the film and television industry to collaborate on projects including film production, interactive entertainment, game development, and IP derivatives.

Concurrently, PHANCY's wholly-owned subsidiary, Phancy International, signed a large language model API service framework agreement with HUANXI MEDIA. The deal, valued at approximately $20 million (HKD 157 million), involves providing AI services for film and television production, with fees based on token consumption. This agreement is valid for two years and is expected to provide a new, recurring revenue stream for PHANCY.

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