Understanding the Market | Maiyue Tech surged nearly 33% during the trading session after reaching a strategic cooperation with NetEase Youdao, planning to launch 1 million ultra-smart portable translation terminals globally

Maiyue Tech's stock rose nearly 33% during the trading session, and as of the time of publication, it was up 26.6%, trading at HKD 1.19, with a transaction volume of HKD 4.6009 million. In terms of news, at the signing ceremony of the 22nd China-ASEAN Expo, Maiyue Tech, as the core signing entity, officially signed a strategic cooperation agreement with NetEase Youdao. This cooperation plans to jointly launch a super-intelligent portable translation terminal, with an expected global sale of 1 million units. At the same time, Maiyue Tech's independently developed China-ASEAN language parsing large model will be deeply integrated with NetEase Youdao's "Zi Yue Translation Large Model," marking a new development pattern for both parties in the field of language intelligence between China and ASEAN, characterized by "technical synergy + hardware implementation + global layout." In addition, Maiyue Tech has entered into a non-binding strategic cooperation agreement with Yong Sheng, under which both parties agree to promote AI applications and products in Thailand for a period of three years. In the initial phase, Yong Sheng will purchase 1,000 pairs of Maiyue AI translation glasses from the company, with funding sourced from the Thai government; in the second phase, the company may consider granting Yong Sheng the exclusive right to distribute these translation glasses in Thailand upon request