Changes in Hong Kong stocks | Fubo Group (03738) rose more than 6% in early trading, and the company acquired Dreamesh's entity Anqing International to improve AI video generation layout

The Zhitong Finance App learned that Fubo Group (03738) rose more than 6% in early trading. As of press release, it rose 6.2% to HK$2.91, with a turnover of HK$29.774,900.

According to the news, Fubo Group plans to acquire Anqing International, an entity belonging to Dreamesh, for HK$75 million to accelerate the integration of content protection and AI video generation technology. Dreamesh is an AI video generation platform for content creators and film studios. Its core capabilities are based on multi-agent collaboration technology. Currently, the platform has more than 20,000 creators.

After the acquisition is completed, Anqing International's DreamMesh technology can be deeply integrated with Fubo's self-built DreamMaker, SeeBay platform, AI computing power center, and etymon factory to accelerate the implementation of the AI film and television factory, expand the production scale of etymology and AI skits, raise the overall gross profit margin of the business, and lock in the core technical team to ensure the continuity of platform iteration without additional significant computational power procurement costs.