HK Stock Market Move | AsiaInfo Tech (01675) surged more than 5% in the afternoon with the company winning the bid for a large energy central enterprise to construct a nuclear power 5G private network construction project.

ASIAINFO TECH (01675) rose more than 5% in the afternoon and, as of the time of writing, was up 3.87% to HK$11.82, with a total transaction amount of HK$178 million. In terms of news, ASIAINFO TECH won the bid for the 5G private network construction project for the Hainan Changjiang Nuclear Power Phase II project (i.e., Units 3 and 4) under China Huaneng Group Limited. ASIAINFO TECH will work together with Hainan Mobile to build a high-quality 5G private network that is "nationally made, safe and efficient, and independently controllable" for Units 3 and 4. This bid provides ASIAINFO TECH with new opportunities to expand its large enterprise private network business. Additionally, ASIAINFO TECH recently integrated its self-developed digital twin platform AISWare Digital Gemini, MaaS platform, and Intelligent Body platform with NVIDIA Omniverse (a 3D workflow and application platform). Building on ASIAINFO TECH's capabilities in delivering large-scale applications, they are exploring ways to empower the transformation of domestic manufacturing industry from "manufacturing" to "smart manufacturing." Zheshang pointed out that the deep integration of ASIAINFO TECH with the NVIDIA Omniverse platform combines the company's advantages in communication networks and industrial Know-how with Omniverse's physical AI capabilities, providing a closed-loop solution for industries such as manufacturing and energy for "perception-decision-control." The company's digital twin platform is expected to undergo a comprehensive reconstruction from a technological foundation to industrial value.