Yitongda's subsidiary, Zhuoyouyunzhi, has secured a contract worth 94.88 million yuan to supply storage and backup cloud services for the Chinese Academy of Sciences' computing infrastructure project. This initiative aims to establish a nationwide data storage and backup cloud service platform. Separately, Hong Kong Stock Exchange CEO Laura Cha highlighted the low correlation of Chinese assets with US assets and the country's economic resilience and potential in emerging fields like AI as key attractions for international investors. AI
IMPACT This contract award for computing infrastructure supports AI development and research within China.
RANK_REASON Significant contract award for a major research institution's infrastructure project. [lever_c_demoted from significant: ic=1 ai=0.7]
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