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Edensoft Secures Landmark Telecommunications License to Boost AI Strategy

Story Highlights
  • Edensoft Holdings Limited’s subsidiary received a pilot license for value-added telecom services.
  • The license supports Edensoft’s AI strategy, enhancing its market presence in various sectors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Edensoft Secures Landmark Telecommunications License to Boost AI Strategy

Edensoft Holdings Limited ( (HK:1147) ) has shared an announcement.

Edensoft Holdings Limited announced that its subsidiary, Shenzhen Eden Software Co., Ltd., has received a pilot operation license for value-added telecommunications services from the Ministry of Industry and Information Technology of China. This milestone allows the company to legally engage in internet information services and supports its strategy to integrate AI and big data technologies into industry-specific models, enhancing its market presence in sectors like manufacturing, retail, and finance. The approval is a significant step in Edensoft’s ‘AI+DATA’ strategy, aiming to create an open technology ecosystem and drive innovation in the real economy.

More about Edensoft Holdings Limited

Edensoft Holdings Limited operates in the technology sector, focusing on providing internet data services, information processing, and algorithm training. The company leverages its expertise in artificial intelligence and big data to offer solutions across various verticals, including smart office, digital marketing, and smart education, with a strategic focus on both B2B and B2C markets.

YTD Price Performance: 23.94%

Average Trading Volume: 4,221,250

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$180M

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