QINIU (02567) rose 5% to HKD 0.63 at the time of writing. The company's core strength lies in its integrated MPaaS technology, with years of accumulated expertise enabling it to independently possess key technologies supporting one-stop scenario-based audio-video solutions, including audio-video technology, low-code platforms, and AI capabilities. With the integration of AIGC technology, QINIU will focus on multimodal large models, combining scenario-based development to empower its APaaS business and meet customer demands. Additionally, the company plans to accelerate overseas expansion to enhance its international market share. In the first half of this year, QINIU's AI-related revenue reached RMB184 million, accounting for 22.2% of total revenue, primarily driven by AI inference services and computing power resource leasing. As of August 2025, QINIU's platform developer community exceeded 1.69 million, with new registrations continuing to grow. Demand for AI inference computing power in application development has surged, while AI-related users rapidly increased to 15,000.