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FINWIRES

Baiwang Signs AI Data Services Partnership With Ant Blockchain; Shares Up 9%

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Baiwang (HKG:6657) entered into a cooperation agreement with Ant Blockchain Technology to jointly develop enterprise data intelligence services, according to a Thursday Hong Kong bourse filing.

The companies will collaborate on enterprise risk identification, transaction analysis, credit decision support, and other AI-powered data intelligence services.

The one-year agreement aims to expand the application of Baiwang's "Data+AI" capabilities and support its transition from a tax and finance services provider to a data intelligence platform, the company said.

Shares of the firm were up over 9% in Friday morning trade.

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