Huaqin Technology Shares Surge Over 7% in Early Trading on AI Smartphone Manufacturing Deal
Deep News
Jul 10
Shares of Huaqin Technology (03296) surged more than 7% in early trading. At the time of writing, the stock was up 7.40%, trading at HK$71.10 with a turnover of HK$190 million.
According to a report, StepFun, an AI company, is set to launch an AI agent smartphone, with the manufacturing to be handled by the listed company Huaqin Technology. Further information from insiders indicates that the relationship between Huaqin Technology and StepFun is a deeply integrated cooperative partnership, rather than a simple OEM (Original Equipment Manufacturer) or white-label production model.
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