AsiaInfo Tech (01675) soared more than 10% during afternoon trading, with shares rising 7.5% to HK$10.18 at press time. Turnover reached HK$178 million. Guosen Securities recently projected Alibaba Cloud's revenue will grow 22% year-on-year in FY26Q1, fueled by intensifying AI demand while maintaining existing profit margins.
The company continues advancing its AI deployment strategy. On April 29, it launched Qwen3—China's first hybrid inference model—followed by an Embedding model series and Apple MLX framework compatibility. Its Quark search platform introduced "Deep Search" on May 8, achieving 156 million monthly active users by June.
With Qwen3's compact size and enhanced performance, localized AI deployment remains critical for China's industrial adoption. Addressing customization needs across diverse industries requires partners for demand analysis and tailored development. AsiaInfo Tech serves as Alibaba's core collaborator, jointly developing both software and hardware ecosystems.
AsiaInfo Tech's disclosed Q1 data shows substantial growth in large model delivery orders, signaling accelerating real-world AI implementation.
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