- Business
- Flowing Cloud Technology Ltd (6610.HK) is an investment holding company that, through its subsidiaries, provides augmented reality/virtual reality (AR/VR) marketing, content, and related services primarily in the People's Republic of China and Hong Kong. The company offers core products and services including AR/VR/mixed reality (MR) technologies integrated with artificial intelligence (AI) and big data analytics; a SaaS platform for online AR/VR interactive content design, development, and distribution supporting exhibitions, live-streaming, marketing campaigns, and content creation; AI virtual humans with anthropomorphism, perception, expression, and cognitive capabilities for applications in entertainment, media, finance, education, and other sectors; hardware solutions such as hologram boxes, VR360 devices, and interactive touch tables; and industry-specific solutions encompassing cultural tourism, education, industrial applications, enterprise services, digital humans, full-stack XR systems, and online IP-themed exhibition halls. It targets small and medium-sized enterprises in e-commerce, education, cultural tourism, real estate, entertainment, gaming, and industrial manufacturing sectors, with operations focused on accelerating digital transformation via metaverse, XR content, virtual live streaming, AIGC tools like image/video processing and 3D modeling, and smart hardware for innovative interactions. Founded in 2008 and headquartered at Shop 8, Jingyuan Art Center, No. 3 Guangqu Road, Chaoyang District, Beijing, China, the company listed on the Hong Kong Stock Exchange in October 2022 via IPO. Recent developments include a proposed 20-to-1 share consolidation approved at an extraordinary general meeting on December 3, 2025 to optimize capital structure; a September 2025 placement of up to 433.4 million shares raising approximately HK$75 million for traffic acquisition, R&D in algorithms, data analytics, digital humans, AI, motion capture, and XR technologies, following a similar May 2025 placement of 361 million shares yielding HK$71 million; formation of an investment committee to enhance returns; and strategic expansions into international AR/VR marketing, C-end XR content like short dramas on WeChat mini-programs, AI arithmetic centers via local government and enterprise partnerships, metaverse industry funds targeting AR/VR startups and AIGC, and Web3.0 integrations with Layer 2, DeFi, NFT, and blockchain gaming.