This morning, Chinese technology stocks suddenly surged in the Hong Kong market. The Hang Seng TECH Index's growth expanded to 1% at one point. $WEIMOB INC (02013.HK)$ Soared over 16%, $EAST BUY (01797.HK)$ rose over 15%, $SMIC (00981.HK)$ Increased by more than 10%. $HUA HONG SEMI (01347.HK)$ Increased by over 7%. Online Education, Big Data, Semiconductors, Short Video, SaaS Solutions, and the Semiconductors Sector all rose by more than 3%. By the close, the A-shares also surged, with the SSE Science and Technology Innovation Board 50 Index sharply rising, and Semiconductor Manufacturing International Corporation A-shares jumping nearly 11%.

So, against the backdrop of a nearly universal decline in foreign tech stocks, what exactly has stimulated the Hang Seng TECH? Analysts believe this may be related to a series of recent actions by Chinese tech companies. Yesterday, the WeChat small store began testing the "gift delivery to friends" function, and it was also reported that Apple is negotiating with Chinese tech giants regarding AI matters. Previously, Doubao released a significant product. The Jiangsu Provincial Education Department has also started encouraging Universities to fully integrate AI into areas such as assignment grading. Meanwhile, there were also positive rumors circulating about Semiconductors today during trading.

Sudden surge

On the morning of December 20, the market's enthusiasm was driven up by the Hang Seng TECH.

The index initially weakened with the external market, but quickly strengthened after 10 o'clock, with the index rising more than 1%. Structurally, Chinese tech stocks performed very strongly. Sectors like Online Education, Big Data, Semiconductors, Short Video, SaaS Solutions, and the Semiconductors Sector all rose more than 3%. WEIMOB INC soared over 16%, Semiconductor Manufacturing International Corporation rose over 6%, and HUA HONG SEMI increased over 7%.

Yesterday, the WeChat small store launched a gray test of the "gift delivery" function. Products that meet the criteria (excluding jewelry and education training categories, and original prices not exceeding 0.01 million yuan) will automatically enable the "gift delivery" function, and the product detail page will display an entrance that states "supports gift delivery". Users can click "send to friends", which brings up the "confirm gift" page, choose styles and friends, and after completing the payment, the gift will be automatically sent out. The recipient will see the gift information in the chat conversation, fill in the delivery address, and can formally receive the gift. During the gift receiving process, users can also choose to switch to other styles of the same price.

Sealand pointed out that the application of large models is still continuously evolving. WEIMOB INC has made significant progress in the application and commercialization of AI technology, particularly in the areas of AI + Saas and AI + marketing innovation, which has provided the company with sustained growth momentum. As an 'application provider', WEIMOB is expected to combine the foundational capabilities offered by large model vendors with its rich industry experience to unleash more productivity. WEIMOB is laying out in four directions, empowering its Saas product matrix upgrade with AI Agent, which is expected to strengthen customers' willingness to purchase, increase budget spending, and bring more revenue growth.

Soochow believes that e-commerce/cross-border e-commerce belongs to an Industry Chain that is long, involves many participants, presents information in diverse forms, and has a massive data volume and market scale. AI + e-commerce is a very large application scenario, which will improve the experience and efficiency for all players in the Industry Chain. After more than a year of exploration by major domestic and international players, the enabling effect of AI large models on the e-commerce Industry Chain has begun to show results.

Technology is continuously bullish.

Recently, there has been continuous bullish news about Technology, which has also spurred the outbreak of sectors such as chips, computing power, large models, and Edge Computing. Yesterday, it was reported that Apple is in talks with Tencent and ByteDance to integrate its AI features into the iPhone sold in China, following earlier trends sparked by Doubao.

In today's morning session, the SSE Science and Technology Innovation Board 50 Index rose 2.62% at midday, with semiconductor chip stocks collectively gaining strength. Kaiviet and Infotmic Co.,Ltd hit the trading limit, while Espressif Systems, Tailingewei, and others rose over 10%. Semiconductor Manufacturing International Corporation surged nearly 11%. The AI glasses Concept was repeatedly active, with Tianjian Co., Yidao Information, Foshan NationStar Optoelectronics, and others hitting the limit. Computing hardware stocks continued to strengthen, with Zhejiang Zhaolong Interconnect Technology, Tongling Jingda Special Magnet Wire, and Roshow Technology hitting the upper limit.

The strong performance of Semiconductors may also be related to a market rumor. According to market rumors, the USA may announce a new update on AI export controls in the next day or two, reportedly involving two aspects. One is to implement licensing requirements for the foundry of 7nm chips. The second is to set global export restrictions on GPUs, where non-allied countries may only be able to procure from VEU whitelist companies in the future. Some industry insiders believe that this rumor is the main reason igniting the market. However, whether this regulation will be implemented ultimately needs authoritative confirmation.

Editor/lambor