INKEVERSE (03700) jumped more than 17% in early trading. As of press time, the stock was up 13.45% at HK$0.675, with a turnover of HK$1.1995 million.

On the news front, INKEVERSE announced that it plans to sell a 40% equity stake in Guangzhou Kuaichuang for RMB 80 million. After the transaction is completed, INKEVERSE will no longer hold any equity in Guangzhou Kuaichuang, and Guangzhou Kuaichuang will no longer be consolidated into INKEVERSE's financial statements. The buyer, Guangzhou 1846 Technology Co., Ltd., is wholly owned by Zhuang Zehong, a major shareholder and director of Guangzhou Kuaichuang.

According to the announcement, INKEVERSE expects to receive a net amount of approximately RMB 72.8 million after deducting estimated taxes and transaction costs of about RMB 7.2 million. Of that, approximately RMB 54.6 million will be used to continuously optimize its underlying AI computing infrastructure and develop multimodal AI applications to support the expansion of its overseas innovative businesses.