HK Stock Market Move | Many concept stocks related to AI surged, with Kingsoft Cloud (03896) once rising over 11% and Mobvista (01860) rising over 6%.

Most of the AI-related stocks have risen. As of the time of publication, Kingsoft Cloud (03896) rose by 9.05% to 7.23 Hong Kong dollars; XUNCE (03317) rose by 8.82% to 89.45 Hong Kong dollars; MOBVISTA (01860) rose by 6.27% to 12.38 Hong Kong dollars; and KINGDEE INT'L (00268) rose by 4.76% to 10.35 Hong Kong dollars. According to IT Home, there are reports that DeepSeek is testing the V4 Lite model, codenamed "Sealion-lite," with a context window of 1 million tokens, and it natively supports multimodal reasoning. Nomura's previous research report pointed out that the technological breakthrough of DS-V4 will effectively break through the barriers of the "chip wall" and "memory wall," empowering both local computing power hardware and AI applications to develop in both directions, and promoting the maturity of China's open-source large model ecosystem. Industrial believes that V4 is expected to be released in February and has great potential in the application ecosystem. In addition, data from the world's largest AI model API aggregation platform OpenRouter shows that from the 9th to the 15th of this week, Chinese models surpassed the token usage of American models for the first time, with a total of 4.12 trillion tokens compared to 2.94 trillion tokens. China's four large models dominated the global top five.