Huitongda Network jumps most on record on Alibaba Cloud AI tie-up

Huitongda Network

08/08/2025 06:37

** Shares of China's supply chain retail business group Huitongda Network 9878.HK soar 36.8% to HK$19.62, on course for the biggest one-day pct rise since debut in February 2022

** Stock hit the highest since June 11 and on track to snap three straight sessions of decline; seventh biggest pct gainer on the Hong Kong bourse

** Co said it has entered into cooperation agreement with Alibaba Cloud Computing to jointly explore innovation and application prospects of AI and digital solutions

** Says the move is to deepen collaborative efforts in cloud computing, AI and digitalization in lower-tier markets

** Hang Seng Tech Index .HSTECH falls 1.1%, benchmark Hang Seng Index .HSI slips 0.8%

** YTD, stock of Huitongda Network down 1.1%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))