HK Stock Market Move | CAOCAO INC (02643) rose over 6%, announcing a partnership with Qwen AI Glasses to continue expanding its AI edge hardware service ecosystem.

CAOCAO INC (02643) rose over 6%, up 4.51% as of press time, at HK$12.52, with a turnover of HK$7.8001 million. On the news front, on September 22, CAOCAO INC appeared at Alibaba's Yunqi Conference and announced a partnership with Qwen AI Glasses to jointly launch an AI ride-hailing service, enabling hands-free near-eye interaction. Following its integration with Doubao Mobile Assistant, Honor YOYO, and OPPO Xiaobu, CAOCAO INC has once again expanded its AI edge hardware service ecosystem, extending its ride-hailing service to wearable smart terminals. It is reported that the company officially released its RoboX strategy in June this year, fully transforming into a physical AI mobility technology platform. Guosheng believes that the company is a rare technology mobility platform that simultaneously satisfies the three elements of "smart customized vehicles, intelligent driving technology, and intelligent operations," and is bullish on the company's ride-hailing profitability improvement and RoboX's long-term profit potential.