ASIAINFO TECH (01675) surged over 12% during early trading hours. As of press time, the stock price was up 8.64% to HK$11.19, with trading volume reaching HK$220 million.

Alibaba released its Q2 2025 earnings results, showing Alibaba Cloud business revenue of RMB 33.398 billion, up 26% year-over-year, with AI-related revenue continuing to maintain triple-digit growth. In Q2 2025, Alibaba's capital expenditure reached RMB 38.6 billion, up 220% year-over-year and 57.1% quarter-over-quarter, setting a new single-quarter record high. The company reiterated its commitment to invest RMB 380 billion in AI capital expenditure over the next three years. It is reported that ASIAINFO TECH has built end-to-end industry-specific large model solutions covering energy and power, industrial manufacturing, transportation, intelligent retail, and other large enterprises through partnerships with Alibaba Cloud, Baidu Intelligent Cloud, NVIDIA, AsiaInfo Security, and other companies. The company has become a partner in Alibaba Cloud's AI large model Galaxy Program and has jointly built nearly 100 projects with Alibaba Cloud.

ASIAINFO TECH's previously disclosed interim results showed that the company achieved operating revenue of approximately RMB 2.598 billion in the first half of the year. Among this, ICT support business revenue was approximately RMB 2.118 billion, digital intelligent operations business revenue was approximately RMB 408 million, 5G private network and applications business revenue was approximately RMB 47 million, and AI large model application and delivery business revenue was approximately RMB 26 million. Additionally, the company expects net profit to continue recovering in the second half of the year, with full-year profit expected to outperform the previous year. Everbright Securities Company Limited recently noted in a research report that it is optimistic about the high-speed growth of AI large model application and delivery business in the coming years, maintaining a "Buy" rating.