Reitar Logtech shares surge 17.01% intraday after announcing tokenized smart supply chain partnership with Xianmu Technology.

Reitar Logtech surged 17.01% intraday following its announcement on October 10, 2025, of a strategic partnership with Xianmu Technology, a leading Chinese casual catering platform serving 300,000+ businesses. The collaboration aims to launch a tokenized smart supply chain ecosystem, leveraging AI-driven solutions to transform global food logistics. This partnership, highlighted across multiple outlets including MSN and GlobeNewswire, signals Reitar’s expansion into blockchain-enabled supply chain innovation, aligning with growing market interest in technology-driven infrastructure. The move contrasts with recent bearish ratings (e.g., "Strong Sell" from Seeking Alpha) but reflects investor optimism about the strategic alliance’s potential to enhance operational efficiency and market reach in the casual catering sector.