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7digital rises early on contract with Chinese social media giant Kuaishou


7digital Group PLC (LON:7DIG) was an early riser on Thursday, surging 35% to 1.725p after inking a two-year contract with Chinese social media giant Kuaishou.

The end-to-end digital music solutions firm will provide mobile apps with licensed music globally.

The AIM-listed company said the contract strengthens its revenue visibility as it includes a set-up fee, a monthly recurring access fee and a usage fee.

Talking about contracts with Asian behemoths, EQTEC PLC (LON:EQT) jumped 21% to 1.94p on the back of a three-year collaboration with Toyota Motor Manufacturing.

The gasification technology company has been called in to look at a waste-to-energy solution for Toyota’s engine manufacturing plant between Chester and Liverpool.

The Deeside RDF (Refuse Derived Fuel) project seeks to provide the local community, Toyota and other potential users with a decentralised energy source, with EQTEC acting as land developer and technology provider.

IG Group says active client base is at record levels and much higher than a year ago

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