HK Stock Market Move | Most AI concept stocks rose, with Kingsoft Cloud (03896) rising over 11% at one point and Mobvista (01860) rising over 6%.

Most of the AI-related stocks rose. As of the time of writing, 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; KINGDEE INT'L (00268) rose by 4.76% to 10.35 Hong Kong dollars. In terms of news, according to IT House, 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 indicated that the technological breakthrough of DS-V4 will effectively break the shackles of the "chip wall" and "memory wall", empowering 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, with significant potential in application ecology. Furthermore, global AI model API aggregation platform OpenRouter data shows that from the 9th to the 15th of this week, Chinese models surpassed American models for the first time in the number of tokens called, with China's models having 4.12 trillion tokens compared to 2.94 trillion tokens for American models during the same period, with four Chinese large models dominating the top five globally.