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Changes in Hong Kong stocks | Chizicheng Technology (09911) rose more than 4% in early trading and cancelled more than 21 million shares during the year, AI continues to fully empower the company's business
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The Zhitong Finance App learned that Chizicheng Technology (09911) rose more than 4% in early trading. As of press release, it rose 3.79% to HK$9.595, with a turnover of HK$366.996 million.

According to the news, on November 5, Chizicheng Technology cancelled a total of 3.276,000 shares purchased. The company has already cancelled about 21.88 million shares during the year, involving an amount of about HK$180 million. In addition, Chizicheng recently announced that total revenue for the first three quarters of 2026 is expected to be approximately US$927 million to US$948 million, an increase of 33.8% to 36.8% over the previous year. Citigroup indicated that a single quarter for the third quarter was higher than that forecast.

Notably, the AI 3D interactive game Slap Showdown, a collaboration between TopTop and physical native world model company Viggle, a subsidiary of Akizicheng, was recently launched, introducing world models into the game's social scene, bringing users a more personalized and interactive experience. After its launch, the game attracted a large number of deep players willing to pay, and the in-game completion rate reached 97%. Great Wall Securities believes that AI is continuing to fully empower the company's social networking and innovative business, and suggests focusing on the impact of subsequent AI technology on the company's cost reduction and social product empowerment.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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