Novautek seals AI smart property partnership with Cushman & Wakefield Vanke Service
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Novautek Technologies’ subsidiary, Shanghai Sanran Industrial, has partnered with Cushman & Wakefield Vanke Service to implement AI solutions in smart property management. This strategic agreement aligns with China's digital application policies and aims to enhance efficiency and reduce costs in property services. The pilot phase will begin in Wuxi, with plans for expansion if successful. Novautek, a Bermuda-incorporated tech firm listed in Hong Kong, focuses on AI solutions and aims to scale its products across China and globally. The current analyst rating for Applied Development Holdings (HK:0519) is a Hold with a price target of HK$0.12.
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