Core Viewpoint - Cloudy Technology (02670) experienced a significant stock increase of over 7%, closing at 138.4 HKD with a trading volume of 21.16 million HKD, following the announcement of the first Beijing Smart Hotel Robot Application Competition aimed at promoting the digital transformation of hotels [1]. Company Summary - Cloudy Technology showcased its UP robot at the competition, which is part of a broader initiative to enhance the application of hotel robots in real-world scenarios [1]. - The company has successfully expanded its client base, covering over 34,000 hotels globally, including partnerships with major domestic hotel chains such as Huazhu, Jinjiang, and Home Inn, as well as international brands like InterContinental [1]. Industry Summary - The first Beijing Smart Hotel Robot Application Competition is the first of its kind in China, focusing on the practical needs of hotel robot applications and aiming to set a benchmark in the domestic smart hotel robot sector [1]. - According to Dongfang Securities, the Chinese hotel robot market is currently smaller compared to the global market but is expected to grow significantly due to higher growth rates and increased penetration opportunities [1].