On July 2, Mobvista rose 8.98% in regular trading, trading at HK$10.74/share, with turnover of approximately HK$83.90 million.

On the news front, the market is focused on how the company's programmatic advertising platform AI Infrastructure build-out has significantly enhanced model iteration capabilities, creating a revenue acceleration flywheel effect and margin expansion. The company previously completed the full conversion of PAG's US$30 million convertible bonds at HK$5.54 per share, eliminating potential dilution overhang. Q1 revenue reached US$581 million, up 32.2% year-over-year, with core platform Mintegral recording revenue growth of 33.1%. Multiple brokerages have initiated coverage with strong buy ratings, with target prices reaching as high as HK$18.55.

Notably, the company recently introduced Temasek as a strategic shareholder through a US$150 million equity placement, while early investors completed orderly exits. AI-powered smart bidding products now account for over 90% of Mintegral's total revenue, serving as the core growth engine.

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