Qiniu stock jumps after AI user count tops 180,000 as investors chase smaller tech names

Shares of Hong Kong-listed Qiniu jumped more than 7% in intraday trade on Tuesday and were last up 5.97% at HK$0.71, with turnover of HK$1.4 million, after the company disclosed its model-as-a-service, or MaaS, user count had topped 180,000, Zhituo Finance reported. Qiniu has been bundling open- and closed-source AI models including DeepSeek and MiniMax on its MaaS platform, betting it can shift revenue away from basic bandwidth and storage toward higher-value inference API calls, the report said. It pointed to a run of AI catalysts — including talk of a DeepSeek V4 release and a ByteDance AI tie-up around the Lunar New Year gala — and cited Guojin Securities as calling 2026 a turning point for AI applications, with Huajin Securities noting AI is already cutting costs in businesses such as content and marketing.