Recent reports indicate that XUNCE (03317) has officially entered into a comprehensive strategic partnership with Qingdao Xinchen Technology Innovation Industrial Co., Ltd., the parent company of Hongtai Fund. This collaboration represents more than a standard, isolated business engagement between XUNCE and an investment institution. It is a landmark strategic move signifying the evolution of its core product, TokenOS, from a foundational data infrastructure into an operating system for the entire spectrum of private equity fund business scenarios. It also establishes a complete, implementable benchmark model for the domestic equity investment industry to adopt AI-native and Token-native digital systems.
Foundation for Synergy
The partnership is built on a foundation of highly complementary resources and a precise alignment with the industry's digital transformation needs. Across the private equity sector, common pain points in digital transformation are prominent. Vast amounts of unstructured and semi-structured data generated during investment research, due diligence, and post-investment phases are scattered across interview notes, corporate financial reports, industry research, and tracking logs, leading to data fragmentation and an inability to reuse information. Traditional investment decisions heavily rely on the personal experience of investors. As the number of projects expands and industry cycles accelerate, the operational model of manual analysis and periodic offline reporting faces significant efficiency bottlenecks.
XUNCE's mature data tokenization capabilities, combined with Hongtai's comprehensive investment scenarios and industrial resources, precisely address the essential needs of the industry's digital upgrade. This alignment forms the core rationale for their deep collaboration. This strategic partnership clearly signals a key point: the value ceiling of TokenOS is not determined by the technological concept itself, but by its ability to be deeply embedded within the high-frequency, complex, and complete business workflows of funds.
Leveraging this partnership, TokenOS officially moves beyond a single-tool positioning to become a foundational scenario-based operating system that connects data, computing power, vertical models, and industry-specific agents.
A New Collaborative Path
The collaboration outlines two clear implementation paths, creating a two-way synergy of "internal fund intelligence transformation + external portfolio company digital enablement," establishing a complete commercial loop extending from the investment side to the real industry side.
Internal Co-development
The partners will jointly explore vertical industry data tokenization governance and commercialization. Using TokenOS as the core foundation, they will comprehensively advance the intelligent governance of Hongtai's entire investment research and post-investment data systems. This involves unifying scattered project materials, industry data, and enterprise operational information, completing data cleaning, labeling, and semantic tokenization processing, and jointly building a high-quality, exclusive industry dataset tailored for the hard-tech sector. Based on this dataset, they will collaboratively develop, train, and fine-tune customized vertical small models and business agents, covering core business scenarios such as industry sector analysis, new project due diligence, post-investment company risk diagnosis, and long-term value tracking.
Simultaneously, the two parties will jointly explore innovative, pay-per-use business models for data tokens, creating a complete chain from "data governance and processing — AI capability output — commercial revenue sharing." This provides a new practical reference for the commercial operation of industry data assets.
External Enablement
Leveraging Hongtai's mature industrial network with deep ties to its portfolio companies, the partnership will provide services such as large model integration, tokenized data governance, and scenario implementation to these companies. This aims to help portfolio companies drive business upgrades with AI, extending value from the investment side to the invested enterprise side. Here, XUNCE Technology will provide AI data infrastructure like TokenOS, while Hongtai Fund will utilize its deep trust relationships and investment ecosystem network with portfolio companies to help accurately identify their AI application needs and jointly promote the deployment of TokenOS within these enterprises.
Strategic Value of the Model
The two parties will jointly create a Token commercialization benchmark proof-of-concept project and replicable case studies based on a co-development model. Private equity investment institutions inherently possess dual resource advantages: internally, they have complete investment research and post-investment asset management scenarios; externally, they hold vast resources of vertical sector entities. This collaboration fully validates a two-tiered, standardized expansion path.
The first step involves serving the fund institution itself, activating dormant internal investment research data assets, building a proprietary AI investment research and post-investment intelligence system, and comprehensively enhancing the efficiency of the entire business process. The second step leverages the fund's mature industrial network to reach its portfolio companies in batches, implementing TokenOS data governance, vertical enterprise small models, and agent-supported digital services.
Once the Hongtai pilot project demonstrates real, quantifiable business value, this partnership model can be rapidly replicated across VC/PE institutions, industrial capital, and government-guided funds in the broader market. For XUNCE, this is a crucial step in expanding TokenOS's industry ecosystem. It is also an exploration into the large-scale, replicable implementation of AI and data tokens in the private equity domain, opening up a new growth trajectory.
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