Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Ruicheng (China) Media Group Limited ( (HK:1640) ) is now available.
Qianxun Technology Limited has launched PayKet, a global digital currency financial services platform built on compliant stablecoins such as USDT and USDC, targeting cross-border trade and overseas users. PayKet offers cross-border trade settlement designed to shorten settlement cycles, reduce exchange-rate risk and fees versus traditional SWIFT payments, and improve capital turnover; it also integrates the Group’s IoT warehousing and AI price prediction to support supply-chain financing and low-risk, compliant digital currency wealth management, alongside enterprise wallets, developing consumer wallets, and a PayKet U card linked to major card networks for online and offline spending. The platform is underpinned by a compliance-focused infrastructure through RD Technologies, a licensed stored value and trust/corporate service provider in Hong Kong, and by cooperation with ROOFER SECURITIES, a licensed securities firm seeking a virtual asset service provider licence to assist in issuing compliant wealth management products. Management expects to leverage its existing annual overseas transaction volume of more than one million second-hand mobile phones for on-device and in-store promotion of PayKet, completing a closed-loop ecosystem from transactions and logistics to settlement and financing, and creating new revenue streams from payment, settlement and value-added service fees and commissions that could enhance overall margins and reposition the Group as a digital currency-focused fintech service provider for cross-border trade.
The most recent analyst rating on (HK:1640) stock is a Sell with a HK$3.00 price target. To see the full list of analyst forecasts on Ruicheng (China) Media Group Limited stock, see the HK:1640 Stock Forecast page.
More about Ruicheng (China) Media Group Limited
Qianxun Technology Limited, incorporated in the Cayman Islands and listed in Hong Kong, has traditionally operated as a circular-economy transaction service provider focused on cross-border trade in second-hand mobile phones. Leveraging an “AI technology + SaaS platform + supply chain” strategy and self-developed IoT smart warehousing and AI pricing technologies, the Group is expanding into financial technology services and digital-currency-based trade solutions for overseas markets.
Average Trading Volume: 736,786
Technical Sentiment Signal: Hold
Current Market Cap: HK$2.13B
See more insights into 1640 stock on TipRanks’ Stock Analysis page.