On the evening of June 29th, Xunce Technology (3317.HK) announced it has signed a cooperation framework agreement with the Beijing International Big Data Exchange Co., Ltd. (BIBDE). The partnership will focus on deep collaboration across several key areas: the joint construction of vertical industry data tokenization, the circulation and industrial application of embodied AI robot data, the co-development of a digital assetization service system, and the digital transformation and specialized data ecosystem building for the biopharmaceutical industry.
This collaboration signifies a further deepening of Xunce's strategic positioning within the data element market through its alliance with a national-level data exchange platform. Previously, the company had partnered with the Shenzhen Data Exchange, marking a frontier validation for market-oriented applications in the southern digital economy hub. The new partnership with the Beijing International Big Data Exchange indicates that Xunce's data tokenization pathway is now further integrated into the regulatory frameworks and industrial ecosystems of the northern data element market.
This coordinated north-south strategy is accelerating the validation and implementation of Xunce's vertical industry data tokenization, opening new channels for enterprise-level AI adoption.
National Platform Recognition for Tokenization Capabilities
Historically, corporate data has been like raw materials scattered in a warehouse—valuable but difficult to circulate. Data exchanges function as regulated ports, handling registration, rights confirmation, and compliant circulation. Xunce's TokenOS operating system and end-to-end tokenization technology solutions act as a refinery, processing these raw materials into standardized "fuel" that is AI-recognizable, callable, measurable, and priceable.
The significance of Xunce establishing partnerships with data exchange ecosystems in both the north and south lies in demonstrating that its data tokenization capabilities are not limited to a single city or industry scenario. Instead, they can form a synergistic network across different regions, regulatory environments, and industrial structures. This "north-south" layout elevates TokenOS from being merely an internal corporate data tool to a player on the main track of the data element market.
Xunce Technology is a leading provider of AI real-time data infrastructure and analytical solutions in China. Centered around its AI Data Agent, the company focuses on millisecond-level data processing, building end-to-end capabilities from data acquisition, cleansing, and standardization to real-time computing and large language model fine-tuning. This drives real-time analysis and intelligent decision-making across industries such as finance, urban operations, and power.
The BIBDE is a key project in Beijing's implementation of the "National Comprehensive Demonstration Zone for Expanding Opening Up in Services" and the "China (Beijing) Pilot Free Trade Zone" in the digital economy sector. It aims to become a leading domestic data trading infrastructure and an internationally significant hub for cross-border data flow.
The complementary relationship is clear: BIBDE provides the compliance framework, registration capabilities, trusted circulation channels, and asset operation scenarios. Xunce provides the TokenOS technological foundation, data tokenization capabilities, and AI implementation expertise. This combination essentially addresses the core question in the data element market: how to transform data from being "visible" to "usable," from "usable" to "measurable," and finally into "exchangeable, callable" digital assets.
The north-south coordination further creates a value loop of mutual validation. For Xunce, integration with the exchanges provides clear compliance interfaces for TokenOS, token measurement, and exchange, transforming it from a technical concept into a service system capable of entering industries and transactions. For the exchanges, Xunce's end-to-end tokenization solution offers a complete toolkit from data governance to AI application, processing industry data into usable, trustworthy, measurable, and priceable data products.
Comprehensive Collaboration Across Four Key Areas
According to the agreement, the two parties will comprehensively collaborate across four major directions, facilitating the validation of AI adoption in multiple industries.
The first is the joint construction of vertical industry data tokenization. While general-purpose tokens address language understanding, vertical tokens solve industry-specific comprehension. Leveraging TokenOS and BIBDE's compliant circulation capabilities, Xunce will promote the compliant packaging, trusted measurement, and asset revitalization of private data in fields like healthcare, finance, and education.
The second area is embodied AI robot data circulation and industrial empowerment. The partners will build a high-quality, compliant data service system around humanoid robots, special-purpose robots, and core component data, using TokenOS to bridge the data channel between industrial scenarios and AI training.
Third is the co-development of a digital assetization service system. By merging Xunce's financial data service experience with BIBDE's asset operation capabilities, they aim to jointly create an intelligent service system for financial institutions, develop digital financial products, and enhance resource allocation efficiency.
The fourth direction focuses on biopharmaceutical industry digitalization and specialized data ecosystem building. As the lead unit of the Token Special Task Force, Xunce will collaborate with BIBDE to establish a compliant data foundation for biopharma, build a standardized industry database, and create a token service system. This aims to solve data circulation and cross-border compliance challenges, empowering the digital upgrade of the pharmaceutical industry.
From Concept to Proven Implementation
In the past, data tokenization was often perceived by the market as a relatively frontier concept. However, the coordinated engagement with national-level data exchange ecosystems in both the north and south is providing this concept with a clearer path to practical implementation.
In May 2026, Xunce's Token call Annual Recurring Revenue (ARR) saw a quarter-on-quarter increase of approximately 320%, with Token-related paid revenue exceeding 5% of the total. The company anticipates this proportion will rise to between 20% and 30% by the end of 2026.
The implementation of Xunce's multi-scenario Tokens is accelerating, and the cross-industry adaptability of the TokenOS operating system has been continuously validated.
The company announced a tripartite cooperation with PATEO and Sim Pro Technology to jointly develop a Token-based Physical AI and World Model, entering the trillion-yuan smart connected vehicle Physical AI sector. This aims to create a closed loop encompassing "edge hardware - simulation test data infrastructure - Token settlement - commercial operation."
Xunce also signed a strategic agreement with TuringQ, a leader in optical quantum computing, with the intent of creating an integrated "Quantum + Token Factory" hardware-software system solution.
Furthermore, the company signed strategic cooperation agreements or memoranda of understanding with three leading domestic GPU manufacturers: MetaX, Tianshu Zhixin, and Biren Technology. This makes Xunce a rare domestic data infrastructure service provider deeply integrated with three major domestic computing power players, fully demonstrating its innovation capability in AI industry synergy.
This is the fundamental reason for BIBDE's choice to partner with Xunce: data tokenization is transitioning from being a "demonstrable" concept to a "proven and implementable" reality. Looking ahead, as vertical Tokens are continuously called upon in more scenarios, Xunce's high-growth ARR potential will be unlocked, gradually releasing its long-term investment value.
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