SHANGHAI, Feb 10 (Reuters) - Hanwang Technology Co Ltd , widely seen as a bellwether of Chinese interest in
ChatGPT-concept stocks, on Friday said several major
shareholders reduced stakes over the past few days as it flagged
risks following a share price surge.
Henan Yellow River Computer System Co Ltd, a top 10
shareholder, sold 2.6 million Hanwang Technology shares between
Jan. 30 and Feb. 7, the artificial intelligence (AI) developer
said in an exchange filing.
Tongfang Investment sold 3.4 million shares during the
period, while Juneng Capital Management offloaded 1.2 million
shares, Hanwang Technology said.
Hanwang Technology's shares have surged more than 70% this
month amid fever surrounding ChatGPT-related technology.
ChatGPT, a chatbot developed by U.S. firm OpenAI and backed
by Microsoft Corp , gives strikingly human-like
responses to user queries.
(Reporting by Samuel Shen and Brenda Goh; Editing by
Christopher Cushing)
Messaging: samuel.shen.thomsonreuters.com@reuters.net))
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