HK Stock Market Move | MOBVISTA (01860) rose more than 10% during trading hours, the network effect and AI infrastructure resonate to build a growth flywheel.

MOBVISTA (01860) rose more than 10% during trading hours, and as of the time of writing, it was up 8.98% to HK$11.04, with a trading volume of HK$47.1371 million. On the news front, overnight Applovin stock surged over 9%, with a cumulative increase of over 26% in the past four trading days. GF SEC believes that the construction of AI advertising architecture on the media side, as well as the role of advertising retrieval and sorting, significantly helps to achieve more accurate matching of ads with users. For programmatic advertising platforms, the construction of AI Infrastructure has significantly enhanced model iteration capabilities, bringing about a flywheel effect of accelerated revenue growth and increased profitability, as seen in recent years with AppLovin and MOBVISTA. Southwest pointed out that MOBVISTA's subsidiary, Mintegral, as a leading global programmatic advertising platform, has been ranked third in global Android category advertising volume for three consecutive years, with nearly 120,000 apps integrated with the Mintegral SDK. By 2025, Mintegral's revenue is expected to reach $1.96 billion, maintaining a rapid development momentum under the "flywheel effect"; the IAP ROAS intelligent bidding model is being expanded into heavy gaming and non-gaming areas; since 2025, AI infrastructure has been gradually upgraded, with a new generation of infrastructures capable of carrying more complex models and more dimensions of features and data, expected to be launched in October 2026, gradually releasing scale effects and operating leverage, with gross profit margin and net profit margin expected to further improve.