- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Hang Seng Electronic Response to Ant Group Collaboration Rumors: Unable to Confirm Company's Collaboration with Ant Group
BlockBeats News, July 29th, according to 21 Finance, Hongsen Electronics, the leading financial IT company that was active during the bull markets in 2015 and 2020, saw a major price surge. The market anomaly may be related to a "brief text."
A stock recommendation that appears to be from a securities research analyst stated that they learned that Hongyun Technology, a wholly-owned subsidiary of Hongsen Electronics, has reached a strategic cooperation agreement with Ant Group's AntChain. The cooperation focuses on the operation and system development of virtual assets/stablecoins, with a focus on the Hong Kong and international markets. They also plan to hold a stablecoin summit in September, claiming that "the cooperation will open up Hongsen's growth ceiling."
In response, a Hongsen Electronics investor relations staff member stated that the company is aware of the market rumors and today's price surge may be related to the rumor. However, the investor relations department is currently unable to confirm whether the company has entered into a cooperation with Ant Group. The staff member further added that the company's Hong Kong subsidiary has long provided IT services to Hong Kong and mainland Chinese securities firms, holding a considerable market share. The company is actively involved in stablecoins and other virtual assets as well as international business, and has had preliminary communications with companies such as Ant Group. However, they emphasized that "confirmation of any related cooperation should still be based on official announcement."
You may also like
SBF's little brother turned 225 million into 5.5 billion in one year
In a World of Disruption, How Can Humanities Workers Better Use AI?
Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master
On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.
Bitwise: This weekend's attack accelerated the on-chain migration of the financial world
Market Downturn: Which Assets Are Worth Watching?
The real opportunity of stablecoins is not to kill Visa
Trump's AI Farce: Insult if You Don't Pay
US & Canada Crypto Tax Season 2026: Official Tax Reporting Support from WEEX × KoinX
Prepare for US & Canada crypto tax season 2026. Learn how to export your WEEX transaction history and access official reporting support through our partnership with KoinX.
Conversation between Tom Lee and "The Big Short" Author: AI has detected bubble signal, crypto correction due to gold liquidity being "siphoned off"
The true reason for Claude's ban, Kraken accessing the Federal Reserve payment system, What is the English community paying attention to?
「Buying the Dip」 of 400,000 BTC: Is $74,000 a Rebound or a Reversal?
OpenClaw, Another Batch of Middle Class Jobless
Morning News | Backpack will launch on-chain IPO subscription service; Predict.fun strategically acquires on-chain prediction platform Probable; SoFi partners with Mastercard for strategic cooperation
Inventorying the Washington power in the crypto space, who is speaking out for U.S. crypto legislation?
650 million dollars, 1.5 billion dollars, 2 billion dollars, the crypto VC landscape has changed!
Why prediction markets are the largest untapped collateral pool in DeFi
500% XAUT Staking, Zero-Fee Gold Futures and $100K Rewards: Why Traders Are Turning to WEEX for Tokenized Gold
Explore WEEX's $100,000+ gold campaign featuring 500% XAUT staking, zero-fee gold contracts, and $30,000 PAXG rewards. Trade tokenized gold today.
App