Changes in Hong Kong stocks | Fubo Group (03738) rose more than 6%, intensively introduced data element policies and announced a share repurchase plan of up to HK$200 million at the beginning of the month

The Zhitong Finance App learned that Fubo Group (03738) rose more than 6%. As of press release, it had risen 6.17% to HK$2.58, with a turnover of HK$33.608 million.

According to the news, data element policies have recently been intensively introduced. On October 8, the National Development and Reform Commission and other departments issued the “Guidelines for the Construction of a National Data Standard System”. On the 9th, the General Office of the CPC Central Committee and the General Office of the State Council announced “Opinions on Accelerating the Development and Utilization of Public Data Resources”. This is the first time that the central government has made systematic arrangements for the development and utilization of public data resources. On the 10th, the State Information Office held a press conference to introduce the development and utilization of public data resources and accelerate the release of the element value of public data.

According to reports, while mastering core patented technologies such as digital fingerprinting and watermarking for film and television genes, Fubo is actively exploring application opportunities for digital content authorization, digital content asset protection, and trading in new scenarios in line with the development trends of Web3.0 and AI. In addition, the company announced at the beginning of the month that it plans to repurchase the company's shares on the open market from time to time for a total amount of not more than HK$200 million. The company believes that the share repurchase plan reflects the company's full confidence in its business outlook and prospects. The company aims to increase shareholder value and support long-term growth through share repurchases.