China Digital Intelligence Technology (1796.HK) enters Web3.0 digital finance, expanding blockchain and cryptocurrency trading platforms
Against the backdrop of accelerating integration between the digital economy and financial technology, China Digital Intelligence Technology Group Limited (1796.HK) announced a new business development last Friday. The announcement stated that it has reached a cooperation agreement with Popcorn Technology LLC, which specializes in blockchain technology and digital asset services. Both parties will jointly establish a project company aimed at expanding public blockchain development, cryptocurrency trading platforms, and related consulting services.
The group is actively seeking growth in areas such as artificial intelligence and blockchain technology. This collaboration represents a key step in its exploration of the Web3.0 digital finance strategy and efforts to diversify its operations. This move marks the group's official entry into the high-growth potential sectors of Web3.0 and digital finance while continuing to drive industrial digital upgrades, further enhancing its dual-driven development model of 'physical + digital'.
Diversified Industrial Layout Establishes a Foundation for Digital Transformation
Currently, China Zhishu Technology Group has long been deeply involved in industrial digital transformation, establishing a multi-dimensional industrial layout spanning several high-growth sectors. In terms of domestic chip production, Deren Electronics’ IC packaging project boasts deep technological accumulation, a mature business model, and top-tier team configuration. It controls an annual production capacity of 15 billion high-precision IC-packaged semiconductor integrated circuits and packaging production lines, supporting self-reliance in AI-era chips. In the smart kitchen and digital consumption sectors, the group connects over 1,800 upstream suppliers and more than 2,300 downstream traffic entry points through platforms like 'Yidian Quick Stir Fry' and 'Yidian Data.' In the AI Internet of Things sector, as the only domestic company to have reached a strategic partnership with Siemens Mendix, the group is committed to jointly promoting the localization of industrial IoT and industrial software. Additionally, the group has systematically laid out plans in the healthcare industry and family office areas, forming a development model that combines technological empowerment with industrial operations.
From Industrial Empowerment to Fintech Innovation
While solidifying its traditional business advantages, China Zhishu Technology is actively expanding its strategic vision to emerging frontier areas like Web3.0 and digital finance. In recent years, the group has been dedicated to providing digital transformation and intelligent solutions to industries such as energy, smart cities, manufacturing, and healthcare through cutting-edge technologies like virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and blockchain.
This collaboration with Popcorn Technology is an extension of the group’s core strategy of 'digital empowerment.' According to the announcement, Popcorn Technology will provide technical services covering public blockchain development, e-wallets, blockchain browsers, cryptocurrency exchange platform construction, and related compliance licensing consultation. This cooperation will help China Zhishu Technology quickly build its technical and operational capabilities in the digital finance field, creating a new growth engine.
Targeting the Digital Asset and RWA Blue Ocean Market
In recent years, digital assets, especially virtual currencies and tokenized real-world assets (RWA), are experiencing global development opportunities. As blockchain technology matures and regulatory frameworks gradually improve, asset tokenization not only enhances liquidity and reduces transaction thresholds but also creates new pathways for the integration of traditional industries and financial systems. The global digital asset market, along with the tokenization of RWAs, is facing structural growth opportunities. Through the 'Fintech Regulatory Sandbox' mechanism, the Hong Kong Monetary Authority (HKMA) allows banks and tech companies to test fintech products in a controlled environment, providing a compliant exploration space for RWA projects. By 2025, Hong Kong officially published the 'Stablecoin Regulations' and released the 'Digital Asset Development Policy Declaration 2.0,' which provides clear regulatory frameworks and development paths while offering strong support to companies like China Zhishu Technology with technical integration and strategic cooperation capabilities.
This strategic cooperation is not only a crucial step for China Zhishu Technology to embrace the future of the digital economy but also a concrete manifestation of the group’s mission to 'establish a value system combining industry and finance.' Looking ahead, amidst the backdrop of promoting new productivity developments and unleashing the potential of data elements, China Zhishu Technology will continue to leverage the organic combination of digitization and financialization to help more outstanding companies achieve leapfrog growth, creating long-term sustainable value for shareholders and society.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.
Read more
Comment
Sign in to view/post comments