XChange TECINC (XHG) has released an update.
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XChange TEC.INC, previously known as FLJ Group Limited, has recently rebranded and is now trading on NASDAQ with the ticker symbol ‘XHG’. The company, having disposed of its apartment rental business, is focusing on expanding its insurance technology and agency services in China, boasting a comprehensive range of insurance products facilitated by their cutting-edge SaaS platform. Despite a reported net loss from continuing operations, the company has made significant gains from discontinued operations, indicating a strategic pivot in their business model.
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