Market Chatter: Digital Domain to Set Up HK$204 Million R&D Facility in Hong Kong

MT Newswires Live07-25

Hong Kong-based visual effects studios Digital Domain Holdings (HKG:0547) plans to invest HK$204 million to set up a research and development (R&D) center at Hong Kong Science Park in Sha Tin, by the end of 2029, South China Morning Post reported on Wednesday, citing Daniel Seah, acting chairman and chief executive.

The company, which produces graphics for clients like Marvel, plans to expand its professional team for digital training and machine learning and focus on developing AI video production technology. The company also plans to file five patents in Hong Kong, the publication added.

The company's stocks were trading over 7% higher in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $0.26, Change: $+0.02, Percent Change: +7.44%

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