HK Stock Market Move | DUIBA (01753) rose over 7% in late trading as its AI short drama business scales rapidly; management expects three consecutive months of net profit.

DUIBA (01753) rose over 7% in late trading. As of press time, it was up 7.53% at HK$1, with a turnover of HK$12.4581 million. On the news front, DUIBA announced that it expects its AI short drama business to record net profit for three consecutive months in July, August, and September, a significant improvement from its operating performance in the first half of the year. In terms of operating metrics, newly added total network views increased from over 6.8 billion in July to over 26.4 billion in September, while the number of hit dramas with over 100 million new views in a single month rose from 22 in July to 32 in September. The company said it will continue to pursue its strategy of driving high business growth through AI technology. It is worth noting that DUIBA's founder donated 11% of shares for equity incentives. XL Holding transferred 121 million shares to the employee platform Kewei Holding free of charge, to be used in the future for talent incentives needed for the development of AI businesses including AI short dramas, which will help bind core members, stimulate team enthusiasm, and support the rapid development of the AI short drama business.