Shenzhen Xunce hits record high on partnership deal with Shenzhen Data Exchange

Shenzhen Xunce Technology

13/04/2026 03:11

** Shares of Shenzhen Xunce Technology 3317.HK jump 23.5% to HK$382.8, their highest level since debut on December 30, and on course for a fourth consecutive session of gains, if current trend hold

** Stock of Shenzhen Xunce, a real-time data infrastructure and analytics solutions provider, set for its biggest one-day pct rise since April 9, and is fourth-biggest pct gainer on the Hong Kong bourse in early trade

** China-based Xunce says it has entered into a cooperation agreement with Shenzhen Data Exchange (SDE) to expand innovative services driven by data as a production factor and artificial intelligence, and to establish a service framework for data assetization and the recognition of data assets, among others

** SDE is a state-owned enterprise established by the Shenzhen Municipal Party Committee and municipal government to deepen reforms regarding the market-based allocation of data as a production factor

** Stock up 697.5% from the IPO price of HK$48 per share

** YTD, stock up 629%, while Hang Seng TECH Index .HSTECH down 12.9%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))