DTXS Silk Road Plans Extended-Reality Tie-Up to Digitise Cultural and Property Businesses

DTXS Silk Road Investment Holdings Company Limited ( (HK:0620) ) just unveiled an announcement.

DTXS Silk Road Investment Holdings has signed a non-binding memorandum of understanding between a wholly owned subsidiary and Shan’xi Lingjing Tuopu Digital Technology to pursue collaboration in digitalisation and extended reality (XR) applications. The parties plan to combine DTXS’s cultural, artistic and investment resources with Tuopu Digital Technology’s XR know-how and immersive hardware–content–operation ecosystem to develop cultural and historical XR experiences, upgrade the business model around culture and technology, and promote immersive offerings across the group’s property, art and collections businesses. By integrating full-sensory XR experiences into marketing and customer engagement, the group aims to enhance sales experience, explore new technology-driven business strategies and improve its overall competitiveness, though the cooperation remains subject to a formal definitive agreement.

The most recent analyst rating on (HK:0620) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on DTXS Silk Road Investment Holdings Company Limited stock, see the HK:0620 Stock Forecast page.

More about DTXS Silk Road Investment Holdings Company Limited

DTXS Silk Road Investment Holdings Company Limited is a Bermuda-incorporated investment holding company listed in Hong Kong, principally engaged in property investment and development, auction and arts and collections-related businesses, and trading activities including wine sales. The group focuses on leveraging cultural and artistic assets alongside investment platforms to expand its presence in culture-related industries and associated commercial opportunities.

Average Trading Volume: 898,593

Technical Sentiment Signal: Sell

Current Market Cap: HK$448.6M

Learn more about 0620 stock on TipRanks’ Stock Analysis page.