Financial Wire

Asset Chain Eyes AI-Driven Loan Financing Cooperation With Jiezhou, Gortune

-- Asset Chain (HKG:0616) said it entered into a memorandum of cooperation with Shenzhen Jiezhou Technology and Gortune International Investment to explore loan financing opportunities, according to a Monday Hong Kong bourse filing.

The partnership will focus on providing financing to cross-border e-commerce firms and foreign trade suppliers, supported by AI-driven risk assessment models developed by Jiezhou.

Under the arrangement, Jiezhou will evaluate borrowers using data analytics and AI risk control systems, while Asset Chain and Gortune may provide financing at their discretion.

Shares of the firm were up nearly 12% in Monday's midday trade.

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