AI application concepts in Hong Kong stocks performed well across the board. At the time of writing, $MANYCORE TECH (00068.HK)$ has surged more than 50% to HK$28.2. $NUOBIKAN (02635.HK)$ rose 25% to trade at HK$80. $KNOWLEDGE ATLAS (02513.HK)$ rose 8.7% to trade at HKD968.5; $MARKETINGFORCE(02556.HK)$ rose 6.37% to trade at HKD47.74. $MINIMAX-W(00100.HK)$ rose 3.38% to trade at HK$888.
On the news front, multiple media outlets, including Securities Times, reported that DeepSeek, a major model company in China, has begun its first external equity financing since its founding, with a valuation of over $10 billion and aiming to raise more than $300 million. Analysts pointed out that the main purpose of Deep Seek’s capital strategy adjustments is to address the high costs of model development, while at the same time increasing investment in computing power and strengthening compensation packages to fiercely compete for talent and technology.
CITIC JianTou noted that OpenAI is considering a gradual transition from CPM to performance-based pricing, such as CPC, in how ads are billed, and predicts that advertising revenue will reach US$102 billion by 2030. He reiterated that there is intense competition among large models and that breakthroughs in key models are underway. This week, Tencent and Alibaba both announced global models, and Hung Yuan’s new model and DS-V4 are scheduled to be released in April. The upward trend in the AI application industry continues, with rising risk appetite and continued promotion providing significant investment opportunities.
Editor/Lee
