TOM boosts investment in AI platform

TOM Group (2383) is to make a fresh investment in MioTech, a Hong Kong-and-China-based artificial intelligence platform.

The platform provides environmental, social, and governance solutions for the Greater China region using cutting-edge machine learning and natural-language processing technology.

MioTech provides ESG data, real-time risk monitoring, ESG ratings, indices, as well as research and consulting services to institutional clients.

TOM Group first invested in MioTech in March this year.

MioTech uses artificial intelligence to process massive amounts of unstructured data and combines it with supply chain, shareholding, investments as well as other alternative datasets to form a comprehensive picture of corporates’ social responsibility performances.

"MioTech has formed a strong partnership with TOM Group since the beginning of this year," said Jason Tu, CEO and co-founder of MioTech. "With this continued investment, TOM Group's expertise in the region will further strengthen MioTech's market presence."

The HKEX made ESG disclosures mandatory for all listed companies in 2020.