Changes in Hong Kong stocks | Baiwang shares (06657) rose nearly 8%. Former Dingding Vice President Wang Qiangyu became co-general manager and established a joint venture with Enterprise Research Technology

The Zhitong Finance App learned that Baiwang Shares (06657) opened low today. As of press release, it had risen 7.80% to HK$12.57, with a turnover of HK$790,000.

According to the news, Baiwang Co., Ltd. announced that the board of directors has decided to appoint Wang Qiangyu as the company's co-general manager. The main responsibilities are to coordinate the Group's AI product strategic planning and technical optimization, product iteration, scenario adaptation and full-link commercialization implementation, promote the deep application and business innovation of artificial intelligence technology in the field of enterprise services, and help the company build a market-competitive AI product system, effective September 14. According to reports, Wang Qiangyu has more than 20 years of management experience in the Internet and enterprise-level products. From 2017 to 2020, Wang Qiangyu worked for Alibaba Group as the vice president of DingTalk and the head of the New Exchange Division.

Furthermore, recently, Baiwang Co., Ltd. and Enterprise Inspection Technology plan to jointly establish a joint venture to jointly lay out the field of enterprise credit technology and services. The company said that Baiwang Co., Ltd. has long-term accumulation in fiscal and taxation, transaction data and enterprise service scenarios, while enterprise inspection has mature advantages in commercial data, data governance, and commercialization capabilities. The combination of capabilities of both parties is expected to further open up the value link between fiscal and tax data and commercial data, expand new scenarios and products of enterprise credit technology, and also mark an important step for Baiwang Co., Ltd. in the field of enterprise data services.