NETDRAGON Shares Surge Over 4% Following AI Showcase and Cloud Migration Milestone

Stock News06-09

NETDRAGON (00777) shares are currently trading more than 4% higher.

As of the time of writing, the stock has risen 4.19% to HK$7.95, with a turnover of HK$13.19 million.

Key Developments Driving Momentum

The company's rotating CEO recently participated in a prominent AI innovation roadshow, delivering a keynote speech on the new labor ecosystem involving "AI employees."

This follows a strategic AI partnership framework agreement signed earlier this year, establishing long-term cooperation across technology R&D, ecosystem development, commercial applications, and brand synergy.

Significant Infrastructure Achievement

By the end of May, the company had successfully completed the full migration of its core business systems to the cloud.

This move has enabled the integration of advanced AI capabilities directly into essential processes such as lesson preparation, teaching, practical training, and assessment within its educational operations.

Furthermore, the company has begun utilizing the latest AI model APIs to power AI-generated content production for its education services.

Strategic Investment Context

Market attention is also drawn to renewed speculation regarding the potential Hong Kong listing of Rokid, a company in which NETDRAGON made a strategic investment last year.

Public records show that NETDRAGON invested $20 million in Rokid in late 2023, alongside entering into a five-year strategic cooperation agreement with the firm.

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