HK Stock Market Move | QINIU (02567) soared 5% in the morning, teaming up with Wuxiang Cloud Valley to create AI universal reasoning computing power.

QINIU (02567) rose 5% in early trading, as of the time of writing, it is up 4.29% to HKD 1.46, with a turnover of HKD 2.3144 million. On the news front, on September 18, Qiniu Cloud reached a strategic cooperation with Five Elephant Cloud Valley, officially launching the scale layout of AI inference computing power, creating AI inclusive inference computing power for enterprises and entrepreneurs, jointly entering the trillion-dollar AI inference computing power market. With 14 years of cultivation in the field of audio and video, Qiniu Cloud currently has three product lines: Media Cloud in audio and video, AI Cloud in computing power, and LinX Cloud in silicon AI. Based on the audio and video cloud, it has made a new effort to fully launch AI inference computing power products. The launch of LinX AI in August this year also marks Qiniu Cloud's comprehensive layout from cloud to endpoint, opening up a new future in the intelligent hardware AI market. It is worth mentioning that in the first half of this year, the AI-related revenue of Qiniu Cloud has reached 184 million yuan, accounting for 22.2% of the total revenue, mainly concentrated in AI inference services and computing resources leasing. From early August to early September, benefiting from the availability of more than 50 large models, covering LLM inference models, tool calls, AI programming, and support for Claude CodeAI's inference interface, the demand for AI inference on the Qiniu Cloud platform has grown rapidly, with the number of AI-related users increasing rapidly to 15,000.