Core Viewpoint - Kingdee International (00268) saw a nearly 6% increase in early trading, attributed to the announcement of acquiring a 62.8% stake in Yunzhijia for 0.68 billion HKD, raising its ownership from 7.5% to 70.3% and allowing for consolidation of financial results [1] Group 1 - The acquisition aligns with Kingdee's subscription-first and AI-first strategy, enhancing its ecosystem [1] - Yunzhijia, an enterprise social and collaboration platform, has shown significant financial improvement with a net profit of 4.66 million HKD for January to April 2025 [1] - The platform is built on a cloud-native architecture and has adopted a subscription-based revenue model, which is expanding its customer base and increasing subscription revenue [1] Group 2 - Yunzhijia is advancing its collaborative cloud product modules towards full AI integration, with established AI products in natural language processing, intelligent approval, and office assistance [1] - The acquisition is expected to strengthen Kingdee's mobile office capabilities, positioning Yunzhijia as a unified entry point for "AI + collaboration" [1]