Big Tree Cloud stock jumps 7.27% as company expands into artificial intelligence business lines

Why Is Big Tree Cloud Stock Gaining Friday? - Big Tree Cloud Holdings (NASDAQ:DSY)

Big Tree Cloud Holdings Limited (NASDAQ:DSY) stock rose Friday after the firm said it is expanding into new artificial intelligence business lines. The company said it is restructuring teams and adding executives to support long-term AI growth. Director Resignation Yumao Huang resigned from the board amid business adjustments. Big Tree Cloud named Xiaoxuan Zhu as a board director and co-chief executive officer alongside Wenquan Zhu. Also Read: Tesla Deliveries Slide 16% In Q4, Energy Storage Hits Records The company said Xiaoxuan Zhu holds a bachelor's degree in sociology from Peking University and is pursuing a master's at the University of Chicago Booth School of Business. Previous Experience Big Tree Cloud said Xiaoxuan Zhu previously interned in corporate planning at Guangdong Dashuyun Investment Holding Group Co., Ltd., a subsidiary. She will focus on overall strategy, AI project planning and execution, talent design, and cross-functional coordination. Big Tree Cloud appointed Hu Huang as director of the AI Ecosystem Division's technology department. The company said Huang has 19 years of experience and previously worked at VIPKID, Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD). Strategic Partnership Big Tree Cloud said it signed a strategic cooperation letter of intent with AI expert Canming Wang. Wang ranks among Kaggle's top 50 global competitors and has seven gold, 39 silver, and 18 bronze medals. Wenquan Zhu, chairman and co-CEO, said the company aims to capture opportunities in the next wave of tech transformation. DSY Price Action: Big Tree Cloud Holdings shares were up 7.27% at $0.29 at the time of publication on Friday, according to Benzinga Pro data. Read Next: Meta Acquires Manus, Betting Big On Action-Driven AI Image via Shutterstock DSYBig Tree Cloud Holdings Ltd$0.29237.27%OverviewBABAAlibaba Group Holding Ltd$156.216.57%JDJD.com Inc$29.522.87%Market News and Data brought to you by Benzinga APIs

Big Tree Cloud stock surges after AI business expansion and key talent appointments By Investing.com

Investing.com -- Big Tree Cloud Holdings Limited (NASDAQ:DSY) shares jumped 7.4% in Friday's premarket trading after the company announced plans to expand into new artificial intelligence business lines and appointed key talent to support its growth strategy. The company named Xiaoxuan Zhu as Co-Chief Executive Officer alongside Wenquan Zhu. She will also join the Board of Directors, focusing on strategic planning, AI project execution, and building a technology-driven business operations system. Xiaoxuan Zhu holds a Bachelor of Laws from Peking University and is currently pursuing a Master's degree at The University of Chicago Booth School of Business. As part of its AI push, Big Tree Cloud appointed Hu Huang as Director of the Technology Department of the AI Ecosystem Division. Huang brings 19 years of experience from companies including VIPKID, Alibaba Group, and JD.com. The company also signed a strategic cooperation letter of intent with Canming Wang, an AI technology expert ranked among the top 50 competitors on Kaggle, the global AI model competition platform. Wang's credentials include 7 gold medals, 39 silver medals, and 18 bronze medals on the platform. These appointments come amid a restructuring of teams at Big Tree Cloud. The company announced that Yumao Huang has stepped down from the Board of Directors, a position he held since March 2024. The company stated that his resignation was not due to any disagreement with management. "Driven by deep insights into technological trends and the future of the industry, we are actively expanding our AI business," said Wenquan Zhu, Chairman and Co-CEO. "Our aim is to seize opportunities in the next wave of technological and industrial transformation, achieving long-term, sustainable value creation." This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.