Sound Group Partners with HKUST(GZ) for Collaboration
Donation Announcement: Sound Group's subsidiary has donated to establish the "HKUST(GZ) Information Hub - LIZHI Innovation Talent Scholarship" at The Hong Kong University of Science and Technology.
Scholarship Purpose: The scholarship will offer recipients opportunities for internships and innovation projects related to AI and data science.
Co-Creation Platform: Sound Group aims to create a platform for collaboration between enterprises and talented youth.
Integration Goals: The initiative promotes deeper integration between industry, academia, and research.
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Dow Jones Falls Over 250 Points as Financial Stocks Decline
- Market Decline: The Dow Jones index fell over 250 points after market opening on Monday, down 0.61% to 49,202.71, indicating investor concerns about economic outlook which may affect overall market confidence.
- Weakness in Financial Stocks: Financial stocks dipped by 1% during Monday's trading, reflecting a decline in market confidence in the financial sector, which could lead to capital outflows and increased market volatility.
- Envirotech Vehicles Surge: Envirotech Vehicles Inc saw its shares soar by 155% to $1.18, indicating strong market optimism about its growth potential, which may attract further investor interest.
- Atara Biotherapeutics Plummets: Atara Biotherapeutics Inc's shares dropped 54% to $6.24 after receiving an FDA Complete Response Letter citing concerns over clinical trial adequacy, potentially leading to significant financial and operational challenges for the company.
Sound Group Declares Cancellation of Acquired Shares
Share Repurchase Program Completion: Sound Group Inc. has successfully completed the cancellation of 951,252 American depositary shares (ADSs) under its US$4 million share repurchase program, enhancing earnings per share and reducing the number of outstanding shares.
Commitment to Shareholder Value: CEO Marco Lai emphasized the company's dedication to delivering shareholder value and confidence in its long-term growth prospects, while also announcing the completion of both the share repurchase and cash dividend programs.
