Changes in Hong Kong stocks | Yichen Group (08365) rose more than 8% and intends to set up an INSMEN Group joint venture platform to focus on the Web3 digital ecosystem

The Zhitong Finance App learned that Yichen Group (08365) rose more than 8%. As of press release, it had risen 8.57% to HK$0.76, with a turnover of HK$1,5791,000.

According to the news, recently, Yichen Group announced that it intends to invest in Insmen Global with Insmen Strategic Investment Holdings Limited (“Insmen Strategic”), Aqua Labs Investment LLC (“Aqua Labs”), Cornerstone Information Systems Co., Ltd. (“Cornerstone Information Systems”), and Mr. Pan Yang Wen (“Mr. Pan”) (collectively the “Partners”) Strategic Holding Group Co., Limited (“Insmen Global”); and Insmen Group (“Joint Venture Platform”), a joint venture platform, was established by Insmen Global with other international investment institutions.

The joint venture platform is positioned as a cross-border technology and digital asset investment and operation platform, focusing on the Web3 digital ecosystem, including digital asset infrastructure and brand digital asset operations in Southeast Asia and the Middle East; investment business related to the Hong Kong and US securities markets; and investment in the Southeast Asia and Middle East artificial intelligence (“artificial intelligence”) industry, particularly edge computing power, industrial artificial intelligence, rehabilitation robots and parking robots.