HK-listed VSTECS jumps most in 11-1/2 years on DeepSeek integration

VSTECS Holdings

21/02/2025 03:05

** Shares of technical solution integration services
provider VSTECS Holdings  0856.HK  jump 18.2% to HK$7, on course
for their biggest one-day rise since August 2013
    ** Stock hit highest since April 2022 on the second session
of gain; second-biggest gainer in Hang Seng Composite Index on
information technology firms  .HSCIIT , which is up 4% 
    ** VSTECS says its unit Nanjing VSTECS's automated office
software system has been fully integrated with Deepseek's
artificial intelligence technology, which enhances capabilities
in text processing, document review, intelligent Q&A, data
analysis, facilitating an intelligent upgrade across all
business scenarios 
    ** Says the automated office software system has served over
5,800 enterprises and ranks among the top tier of comparable
products in China's mobile cloud market 
    ** Hang Seng Tech Index  .HSTECH  rises 3.8%, and Hang Seng
Index  .HSI  gains 2.7%
    ** VSTECS stock up 13.9% YTD  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))