Reitar Logtech and Xianmu Collaborate on Tokenized Smart Supply Chain System
Strategic Partnership Announcement: Reitar Logtech has formed a strategic partnership with Hangzhou Xianmu Technology to enhance the casual catering market through a global tokenized smart supply chain ecosystem.
Joint Venture and Technological Integration: The collaboration will establish a joint venture targeting Hong Kong and overseas markets, combining Reitar's logistics and blockchain capabilities with Xianmu's digital procurement to create an AI-driven Smart Catering Supply Chain Platform.
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Three Real Estate Stocks Poised for Significant Growth This November
Oversold Stocks Opportunity: The real estate sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with an RSI below 30.
VICI Properties Inc: VICI reported mixed quarterly results with a 4.4% year-over-year revenue growth, but its stock fell 8% over the past month, closing at $28.82 with an RSI of 28.8.
Fermi Inc: Fermi's stock dropped 39% in the last month, closing at $14.34, despite an Outperform rating from an analyst and a price target of $35, with an RSI of 25.4.
Reitar Logtech Holdings Ltd: Reitar announced a strategic partnership for a smart supply chain ecosystem but saw its stock decline 20% recently, closing at $1.21 with an RSI of 18.8.
Reitar Logtech Collaborates with NEXX to Establish Global Strategic Partnership
Project Overview: Reitar Logtech Holdings Limited has signed a Strategic Cooperation MoU with AI logistics company NEXX to establish a Smart Fulfillment Center in Doha, Qatar, set to begin operations by the end of 2025. The project aims to enhance logistics efficiency for cross-border e-commerce in the Middle East.
Technological Innovations: The fulfillment center will feature advanced automation technologies, including an Agentic AI management system, robotic sorting systems, and compliance with pharmaceutical logistics standards, significantly improving operational efficiency and space utilization.
Market Impact: This initiative aligns with Qatar's 2030 National Vision and aims to position the country as a regional logistics hub, supporting the growth of the logistics market in the Gulf Cooperation Council (GCC), projected to reach $171 billion by 2033.
Future Expansion Plans: Following the initial phase in Qatar, Reitar and NEXX plan to replicate the Smart Fulfillment Center model across the Middle East and Southeast Asia by 2028, with aspirations to expand into European and Latin American markets post-2029.
