Hong Kong stock concepts tracking | The United States may prohibit states from implementing AI regulations in the next decade, benefiting overseas AI technology companies (with concept stocks)

The US House of Representatives, where Republican members hold the majority, narrowly passed a large-scale tax and spending bill proposed by the Trump administration on May 22 local time. The bill, called the "Beautiful Great Law" by Trump, covers a range of legislative priorities for the Republican Party, but a provision on AI regulation has sparked particular attention in the tech industry. The provision states that it will prohibit any state in the US from "enforcing any laws or regulations regulating AI models, AI systems, or automated decision-making systems for the next ten years from the date of the enactment of the bill." This content was added to the bill shortly before formal deliberations began in the House, and it has sparked controversy and raised concerns about the future development and use of AI in the United States. Ma Jihua, an analyst in the communications and internet industry, stated that globally, many countries are no longer relying on US infrastructure for AI development due to the unpredictable and opaque AI policies of the United States and are accelerating the construction of their own autonomous AI systems. At the Alibaba Cloud Enterprise Outbound Conference in 2025 on May 22, Alibaba Group CEO and CEO of Alibaba Cloud Intelligence Group, Wu Yongming, stated that Alibaba Cloud will make strategic investments to accelerate the construction of a global cloud computing network, accelerate the internationalization of AI products, and strengthen the construction of overseas consulting, technology, and service teams to help Chinese companies go global. Revenue in Hong Kong-listed AI companies in Europe and America: MOBVISTA (01860): Since 2024, the advertising market has continued to recover, leading to strong business growth for the company. In quarter 3 of 2024, revenue reached $416 million, a 54.6% increase year-on-year, with the programmatic advertising platform Mintegral generating $402 million in revenue, a 57.6% increase year-on-year. In July 2024, Mintegral launched the Target-CPE feature for optimizing event-based advertising, continuing to strengthen algorithm capabilities and innovate advertising strategies, which is expected to drive continued revenue growth for Mintegral. VOBILE GROUP (03738): The company's revenue increased by 20% to HK$2.4 billion in 2024, with gross profit increasing by 24% to HK$1.1 billion and gross profit margin increasing by 1.3 percentage points to 43.8%. Adjusted net profit increased by 380% to HK$180 million in 2024. Revenue growth was mainly driven by the continuous expansion of the US business and the expansion of the China mainland business driven by strategic and commercial partnerships. The significant improvement in net profit was due to the increase in gross profit margin and optimization of operational efficiency.