---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42824967.md"
description: "$CHINASOFT INT'L(00354.HK) rose 23% today, with trading volume reaching over ten times the usual level—the catalyst being a signed agreement with Moonshot AI for "Moonshot Plan" token revenue sharing and joint innovation, co-building a lab for enterprise-level Agentic AI, igniting the narrative of transitioning from software outsourcing to a token operator.$XUNCE(03317.HK) also surged 18%, with Token ARR more than tripling month-on-month in May; after the unlocking of restricted shares, the fundamentals actually supported the stock price.$CHINASOFT INT'L(00354.HK) and $XUNCE(03317.HK) are both pitching the new business model of "charging by Token," maximizing the storytelling aspect, but valuations are also priced based on these stories. A single-day surge of around 20%: is this the starting point for a valuation re-rating or the peak of sentiment? I believe it's leaning towards the latter—the revenue-sharing agreement lacks income figures as backing; it's not too late to discuss re-rating once the first batch of Token revenue hits the financial reports."
datetime: "2026-07-21T10:17:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42824967.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42824967.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42824967.md)
author: "[股市游侠](https://longbridge.com/en/profiles/27713102.md)"
---

# $CHINASOFT INT'L(00354.HK) rose 23% today, with tr…


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