QINIU (02567) rose more than 6%, reaching HK$0.68 by the time of writing, with a trading volume of HK$1.43 million. As a leader in audio-video cloud storage, QINIU has been actively expanding its presence in the multimodal AI sector. In the first half of this year, the company's AI-related revenue reached RMB 184 million, accounting for 22.2% of total revenue, primarily driven by AI inference services and computing power leasing. By August 2025, QINIU's developer community exceeded 1.69 million, with new registrations growing steadily. Demand for AI inference computing power surged, while AI-related users rapidly expanded to 15,000. Notably, in October, QINIU announced that founder and CEO Xu Shiwei and non-executive director Lyu Guihua voluntarily committed to a 12-month lock-up period starting October 16, 2025, refraining from selling their shares. Shortly after, cornerstone investor He Shun also extended its lock-up commitment, bringing the total locked shares to 25.13%. This voluntary lock-up not only reflects management's confidence in the company's long-term growth but also reinforces investor optimism.