Flowing Cloud Technology Expands Amid Financial Challenges

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Flowing Cloud Technology Expands Amid Financial Challenges

Flowing Cloud Technology Ltd. ( (HK:6610) ) has shared an announcement.

Flowing Cloud Technology Ltd. reported a significant decline in its financial performance for the year ended December 31, 2024, with a 20% decrease in revenue and a shift from profit to loss. Despite these financial challenges, the company has strategically expanded its operations by enhancing its AI virtual human technology and launching ‘FT Live’, an intelligent live streaming control product. This expansion aims to strengthen its position in the virtual human industry and capitalize on the growing demand for high-quality content in live-streaming platforms like Douyin.

More about Flowing Cloud Technology Ltd.

Flowing Cloud Technology Ltd. operates in the technology industry, focusing on artificial intelligence and virtual human technology. The company leverages its technological innovation capabilities to provide solutions in entertainment, media, finance, and education, with a strong emphasis on AI virtual humans and live-streaming ecosystems.

YTD Price Performance: -12.31%

Average Trading Volume: 15,065,758

Technical Sentiment Signal: Buy

Learn more about 6610 stock on TipRanks’ Stock Analysis page.

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