As the AI applications and AI computing power sectors drive the A-share market into a comprehensive rebound phase, current market attention is undoubtedly focused on these two directions. Therefore, A-share listed companies with exposure to both AI applications and AI computing power deserve close monitoring.
With tensions in the Middle East showing clear signs of easing, the A-share market entered a broad-based recovery on Wednesday, led by the AI applications and AI computing power segments. Both sectors ranked at the top in terms of index gains and the number of individual stocks hitting their daily limit-up thresholds. Among the top gainers, multiple AI application concept stocks, including Yue Media (002181), BlueFocus (300058), Leo Group (002131), Zhewen Interconnected (600986), Tiandi Online (002995), Gravity Media (603598), Provincial Advertising Group (002400), EG Media (000917), Decai Group (605287), Huanrui Century (000892), True Love Home (003041), and Zhisheng Information (920171), surged to their limit-up prices. Simultaneously, numerous AI computing power concept stocks, such as Hangzhou Iron & Steel (600126), Aurobot (600666), Zhongan Technology (600654), Huafu Fashion (002042), Luoman Shares (605289), Dawei Technology (600589), Zhongjia Bochuang (000889), Pingzhi Information (300571), Xingyun Technology (300209), Helitai (002217), Litong Electronics (603629), Kailer Shares (301070), Lotus Holding (600186), DataPort (603881), Vast Data (603138), Runjian Shares (002929), Binglun Environment (000811), Fuan Shares (603315), and Changyuan Donggu (603950), also reached their daily limit-up prices. This indicates that as the AI applications and AI computing power sectors propel the A-share market into a rebound phase, market focus is firmly concentrated on these two areas.
In reality, as AI becomes the core engine reshaping the global technology landscape, "AI computing power" and "AI applications" function like twin wheels driving future progress—one cannot advance without the other. Computing power serves as the fuel for AI's advancement, while applications provide the stage for computing power to demonstrate its value. These two elements complement each other, igniting transformation across the entire AI industry. Consequently, for a considerable period ahead, the dual directions of "AI applications" and "AI computing power" are expected to develop in tandem.
Clearly, as the A-share market enters this new phase of comprehensive rebound, the AI applications and AI computing power sectors stand out as the most promising areas, with future market opportunities likely to emerge predominantly within these two domains. The key question is how to position investments precisely. Thus, A-share listed companies that have strategically positioned themselves in both AI applications and AI computing power warrant attention. Public information indicates that Bola Networks is intensifying efforts across three core segments: integrated digital services for new energy vehicles, new media short video matrix services, and AI software clusters combined with computing power aggregation platforms. Recently, Bola Networks has been actively acquiring shares in Xunyou through judicial auctions, becoming its second-largest shareholder.
According to public records, over the past few months, Bola Networks, through entities such as Chongqing Haiyuntian and Chongqing Haixingtian, has participated in multiple judicial auctions. From November 2025 to January 2026, Bola Networks' affiliates acquired a cumulative total of 6.591 million shares in Xunyou through three key auctions, at an average cost of approximately 19.99 yuan per share, representing 3.24% of the company's total equity. By February 2026, their stake had increased to 7.60%, making Bola Networks the second-largest shareholder.
Bola Networks, a digital technology company focusing on two high-growth sectors—"digital services for new energy vehicles" and "short video + AI"—reported revenues exceeding 30 billion yuan in 2025. It counts the Chongqing local government fund and Seres among its shareholders. The company previously listed on the New Third Board in 2015 and subsequently applied for IPOs on the ChiNext and STAR markets, though neither attempt was successful.
Public filings show that Bola Networks' subsidiary, Chongqing Haiyuntian Enterprise Management Co., Ltd., along with its concert parties, has invested approximately 252 million yuan to acquire a 7.60% stake in Xunyou. In the equity change report, Haiyuntian and Haixingtian explicitly stated that the share increase reflects their confidence in Xunyou's future development prospects and investment value, and they do not rule out further increases within the next twelve months.
Established in 2006, Bola Networks has undergone significant strategic upgrades in recent years, focusing on three core areas: integrated digital services for new energy vehicles, new media short video matrix services, and AI software clusters combined with computing power aggregation platforms.
In early 2026, Bola Networks made a major strategic move by merging with Zhixiang Group, a leading domestic short video enterprise. This merger substantially elevated Bola Networks' industry standing. Post-merger, Bola Networks operates 40 domestic and international branches with over 1,200 employees, and projects 2026 revenues approaching 100 billion yuan. Already a core partner of Douyin and Xiaohongshu, the merger with Zhixiang Group positioned Bola Networks as the largest service provider for Bilibili, while also deepening its coverage across platforms like Alipay, Kuaishou, and Tencent. This comprehensive, multi-platform capability establishes Bola Networks as a dominant force in the digital marketing sector.
Regarding the merger, Bola Networks Chairman Tong Yi emphasized the company's commitment to "focusing on practical industries and core businesses" and adhering to a "striver-centric" philosophy. Over the next three to five years, Bola Networks will continue to deepen its presence in new energy vehicle digital services and short video AI, building a robust "moat" through AI technology and applications. Specifically, the company will leverage its self-built "Bola Intelligent Computing Platform"—the first in Southwest China integrating computing power markets, AI applications, and developer communities—to extend its influence across the industry chain. By combining computing power resources with its extensive short video bases and teams in Chongqing, Guangzhou, Hangzhou, Qingdao, and Changsha, Bola Networks aims to penetrate domestic and international markets for AI-generated animation.
Currently, Bola Networks is scaling operations in several AI sub-sectors, including AI chips and computing power, AI-integrated consumer hardware (e.g., AI glasses), AI agents, and AI-generated animation. Moving forward, the company will persist in leveraging AI to enhance its services and actively participate in the global digital services landscape.
According to its official website, Bola Networks' subsidiaries—Bola Intelligent Computing and Bola New Media—have been recognized as specialized, sophisticated, and innovative enterprises by Chongqing authorities in 2026.
As a leading provider of computing power services and AI applications in Western China, Bola Intelligent Computing has developed the "Haoyi Intelligent Computing" platform, the first in the region to combine computing power markets, AI applications, and developer communities. This platform offers core advantages in efficient computing resource allocation and AI model development and deployment. Additionally, the company is spearheading the development of China's first open-source community for embodied intelligent robots, promoting open sharing and collaborative innovation in smart manufacturing. Through its "Mochuang Space," focused on innovative incubation and platform development, Bola Intelligent Computing aggregates domestic and international computing resources, community applications, and technical expertise from universities and enterprises, bridging AI applications and computing power via models and intelligent agents to foster AI ecosystem growth.
Bola New Media has built a "short video + AI" business cluster by concentrating on AI technology, offering enterprises one-stop short video digital services based on AI vision R&D, batch short video production, data monitoring, and computing power services. Over five years, Bola New Media has experienced rapid growth, establishing a 70,000-square-meter short video base and serving over 500 enterprises across more than ten industries, including automotive, home appliances, gaming, education, and healthcare, with revenue growth accelerating rapidly. Leveraging its parent company's technical expertise and digital technology applications, Bola New Media focuses on cutting-edge technologies, particularly AI and short video R&D and implementation, targeting smart vision, AIGC, and AI agents to enhance the efficiency of AI-powered short video services for businesses.
Public information suggests that Bola Networks' repeated IPO failures make acquiring shares at low prices through judicial auctions a practical and expedient path to achieving indirect listing. Xunyou, as a specialized domestic provider of real-time interactive internet application cloud acceleration services, offers products including Xunyou Game Accelerator, Xunyou International Edition, and Xunyou Mobile Accelerator. Bola Networks' core strength lies in corporate digital services, especially in short video and AI, creating clear synergies between the two companies. Xunyou's cloud acceleration technology could optimize digital content transmission for Bola Networks' services, while Bola Networks' AI capabilities and short video resources might help Xunyou explore new application scenarios.
The gaming acceleration sector, where Xunyou operates, is currently experiencing a golden period of AI empowerment. With the rise of AI gaming, cloud gaming, and the metaverse, demand for high-quality, low-latency network acceleration is growing exponentially. Bola Networks' involvement could inject strong momentum into Xunyou.
Xunyou has long operated without a controlling shareholder or actual controller, resulting in relatively dispersed ownership. Bola Networks, as a significant new shareholder, is expected to bring strategic clarity and improve decision-making efficiency. Currently, Yuan Xu holds an 8.83% stake as the largest shareholder, but all shares are pledged or frozen, whereas Bola Networks' 7.60% stake is fully liquid.
Moreover, Bola Networks has shown a proactive approach to addressing historical performance compensation issues, expressing willingness to communicate and resolve matters lawfully, which could eliminate long-standing uncertainties for Xunyou. Recent developments indicate that due to unmet performance commitments by former shareholders, some shares acquired by Bola Networks may be repurchased and canceled, potentially reducing its actual stake. This suggests Bola Networks still has some distance to go before achieving absolute control.
Bola Networks possesses substantial assets in short video AI and digital services for new energy vehicles. In 2025, it developed China's first 60,000-square-meter "Automotive City Complex" in Chongqing and initiated a "National Vehicle" global expansion strategy. Furthermore, the country's first open-source community for embodied intelligence has launched in Chongqing's Liangjiang New Area, with Bola Intelligent Computing serving as a core supporter, collaborating with top domestic robotics teams from institutions like Zhiyuan Research Institute and Yinhe Tongyong.
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