Xunce Stock Surges 23% Afternoon on Strategic Partnership with Xinchen Tech

Xunce (03317) stock surged as much as 23.3% in afternoon trading to 132.8 HKD, following a prior-day gain of 18%. According to company announcement, Xunce signed a strategic partnership memorandum with Xinchen Tech, whose core subsidiary Hongta Fund is among China's leading private equity investors focused on artificial intelligence, semiconductors, robotics, and emerging technologies. As of 3:30 p.m., the stock traded at 125 HKD, up 16% with turnover exceeding 12.7 billion HKD.
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