Understanding the Market | China's Supply Chain Industry Volume Increases by 50% Signs Memorandum of Understanding with Shuwei Technology Plans to Develop a New Generation Data Center in Hong Kong
China Supply Chain Industry surged 50%, as of the time of writing, up 50%, reported at HKD 0.033, with a transaction volume of HKD 11.1253 million
According to Zhitong Finance APP, China Supply Chain Industry (03708) surged by 50%, reaching HKD 0.033 as of the time of publication, with a trading volume of HKD 11.1253 million.
On the news front, China Supply Chain Industry announced that on November 3rd, it signed a memorandum of understanding with Shuwei Technology Co., Ltd. (Shuwei Technology). Shuwei Technology's main business is to provide storage, security, and bandwidth solutions (including the StreamBox edge system), as well as compact ultra-large capacity data centers built using licensed Kodon technology. The memorandum outlines the main intentions for strategic cooperation, under which the company will establish a wholly-owned subsidiary in Hong Kong to fund, construct, and operate a new generation of data centers using Shuwei Technology's licensed or sublicensed Kodon technology.
Kodon technology is described as a data representation technology that can compress various file formats into a compact "Kodon" (character sequence), aiming to reduce the size to less than 1% of the original file size, but is limited by technical parameters and verification results (collectively referred to as "the technology"). This technology can achieve extremely high logical storage capacity within limited physical space. The contracting parties intend to quickly initiate technical, legal, and commercial due diligence and negotiate the final agreement to document the authorization, construction, and operation of the data center
