Title: Volcano Engine Denies Collaboration Rumors with Hand Information: Actual Scale Far Below Market Expectations
Recently, a report about a collaboration between Hand Information and Volcano Engine has sparked widespread attention in the stock community. The report indicated that Hand Information and Volcano Engine have jointly developed several AI smart applications, including intelligent shopping guides and customer service bots, with projected revenues reaching tens of millions in 2024, and a revenue target of 400 to 500 million within the next two years.
According to a report by Securities Times, the journalist promptly contacted a relevant person from Volcano Engine for an interview. The representative responded to the rumors, stating that "the rumors are exaggerated" and emphasized that the actual scale of collaboration with Hand Information is much smaller than what the market speculation suggests. The representative did not disclose specific details of the collaboration but clearly stated that the figures and expectations mentioned in the rumors are inaccurate.