Hong Kong Stock Movement: KINGSOFT CLOUD rises 10.76%, driven by strong growth in AI business and strategic upgrades boosting stock price surge

Hong Kong Stock Movement KINGSOFT CLOUD rose by 10.76%. Based on recent key news: On January 27, Guotai Junan Securities maintained a "Buy" rating for KINGSOFT CLOUD, expecting the company's revenue to grow significantly from 2025 to 2027, with a target price of HKD 10.03. The rapid growth of AI revenue has driven the overall growth of the company, particularly the upgrade of AI infrastructure, which has significantly increased revenue contribution. On January 26, KINGSOFT CLOUD's Star Stream platform completed a strategic upgrade, building a one-stop AI training and promotion platform that supports the commercialization of various models. This move has enhanced the company's competitiveness in the AI field, driving the stock price up. On January 26, GF Securities released a report stating that the demand for KINGSOFT CLOUD's AI business is strong, maintaining a "Buy" rating. The company's cooperation with Xiaomi continues to rise, and AI cloud business revenue is expected to grow significantly, further boosting market confidence. The demand in the AI market is robust, and the industry outlook is optimistic. Stocks with High Trading Volume in the Industry GDS Holdings Limited rose by 6.70%. Based on recent news, On January 26, Alibaba Cloud released the Qwen3-Max-Thinking flagship inference model. This model has over one trillion total parameters and a pre-training data volume of up to 36T Tokens, making it Alibaba's largest and most powerful inference model. CITIC Securities believes that inference + training will drive accelerated growth in AI demand, and the domestic computing power chain is on the rise, focusing on AIDC and network-side investment opportunities. Morgan Stanley's report pointed out that scale demand, resource availability, and policies are driving future AI data center deployments by large-scale operators towards remote areas, benefiting leading data center operators. Following the announcement, GDS's stock price rose by 6.45%, closing at HKD 44.2, with a trading volume of HKD 150 million. On January 26, GDS recorded a cross-trade of 500,000 shares at HKD 41.94 per share, 1.5% higher than the previous closing price, involving HKD 20.97 million. GDS's current price rose by 1.5%, reported at HKD 41.92, with a trading volume of 1.8512 million shares and a transaction amount of HKD 77.62 million, with a buy-sell ratio of 55:45, and a net active buying of HKD 4.9612 million. On January 26, GDS's large transactions exceeded HKD 20 million, indicating strong market interest and capital inflow for the stock. The demand for AI is accelerating, and the market outlook for data centers in remote areas is stable. Neway Group rose by 2.41%, with a trading volume reaching HKD 184 million, with no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. Jiaming Technology fell by 3.64%. Based on recent key news: On January 26, Jiaming Technology's shareholders transferred shares from Lihau Securities to First Shanghai Securities, with a transfer market value of HKD 128 million, accounting for 8.01%. This move may raise market attention regarding changes in the company's shareholder structure, leading to a decline in stock price On November 11, 2025, Jiamu Technology completed a placement, issuing 32 million placement shares, accounting for approximately 4.5% of the company's expanded share capital. The net proceeds from the placement were approximately HKD 99.2 million. This placement may impact market liquidity, thereby affecting the stock price. There are no other significant news recently. The Hong Kong stock market has been quite volatile lately, and investors should exercise caution. Stocks ranked at the top of the industry by market capitalization YunGongChang, down 0.89%, with a market capitalization of HKD 1.606 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation