Stock Market 14 January 2026

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. The move matters because investors are trying to pin down who makes money when AI shifts from chips and servers into everyday apps. Early signposts such as user counts and API traffic are getting treated like leading indicators, even when they sit outside formal earnings reports.