Changes in Hong Kong stocks | Shangtang-W (00020) rose more than 5% and ASL, a subsidiary of Automated Systems (00771), reached a partnership on AI solutions in the Asia-Pacific region

The Zhitong Finance App learned that Shangtang-W (00020) rose by more than 5%. As of press release, it had risen 5.33% to HK$1.58, with a turnover of HK$653 million.

According to the news, Shangtang-W announced that it signed a memorandum of understanding with Automated Systems Hong Kong (ASL), a subsidiary of the Automated Systems Group, on Tuesday (15th) to jointly explore opportunities for artificial intelligence (AI) solutions for the public sector in the Asia-Pacific region. It is reported that the two sides will cooperate to identify, develop and implement market strategies to enhance AI services provided to customers in the Asia-Pacific region, using Shangtang's AI software and professional service team, and ASL's integrated technology services, which is expected to provide customers with high-quality AI services and operation experience. The two sides also plan to cooperate to integrate Shangtang Technology's product development to enhance its ability to serve customers during the feasibility study or project implementation phase.

Zou Chunhui, vice president of Shangtang Technology Asia Pacific, said that in the future, the two sides will look at the Asia-Pacific region and jointly explore business opportunities outside of Hong Kong. It is expected that this cooperation will also further enhance ASL's innovative solutions and service delivery capabilities, and expand the application of Shangtang's “Japan-Japan New SenseNova” model system in the public sector to meet the needs of more users and enable the digital transformation of the industry.