Cloud Computing Stocks Surge as Doubao Plans Paid Subscription Model

Stock News05-06

Hong Kong's cloud computing sector experienced a broad rally. As of the latest update, KINGSOFT CLOUD (03896) rose 6.13% to HK$8.31. GDS-SW (09698) increased by 5.86% to HK$44.46. BIDU-SW (09888) gained 3.99% to HK$130.4. BABA-W (09988) was up 3.51% to HK$135.8.

The surge follows news that Doubao's AppStore page was updated on May 4th, indicating the app will launch a paid subscription version offering additional value-added services beyond its free tier to cater to diverse user needs.

In related developments, Alibaba Cloud issued three product price increase notices within four days in mid-April. These adjustments affected certain model unit services on its large model platform, Bailian, DDoS protection products, and the free API quota for DataWorks, which now supports pay-as-you-go billing. Tencent Cloud implemented price hikes twice within a single month, and Baidu Intelligent Cloud has also raised prices for its AI computing power products.

CSC Financial pointed out that Doubao's move into subscription models signals an acceleration in the commercialization of AI for consumer applications in China. Kaiyuan Securities added that the rise of domestic models and the explosion of applications like Agents are expected to continue driving demand for computing power cloud services, computing power leasing, and AIDC. The firm recommends monitoring companies that are actively expanding in these areas and beginning to demonstrate high growth.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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As of the latest update, KINGSOFT CLOUD (03896) rose 6.13% to HK$8.31. GDS-SW (09698) increased by 5.86% to HK$44.46. BIDU-SW (09888) gained 3.99% to HK$130.4. BABA-W (09988) was up 3.51% to HK$135.8.</p>\n<p>The surge follows news that Doubao's AppStore page was updated on May 4th, indicating the app will launch a paid subscription version offering additional value-added services beyond its free tier to cater to diverse user needs.</p>\n<p>In related developments, Alibaba Cloud issued three product price increase notices within four days in mid-April. These adjustments affected certain model unit services on its large model platform, Bailian, DDoS protection products, and the free API quota for DataWorks, which now supports pay-as-you-go billing. 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As of the latest update, KINGSOFT CLOUD (03896) rose 6.13% to HK$8.31. GDS-SW (09698) increased by 5.86% to HK$44.46. BIDU-SW (09888) gained 3.99% to HK$130.4. BABA-W (09988) was up 3.51% to HK$135.8.\nThe surge follows news that Doubao's AppStore page was updated on May 4th, indicating the app will launch a paid subscription version offering additional value-added services beyond its free tier to cater to diverse user needs.\nIn related developments, Alibaba Cloud issued three product price increase notices within four days in mid-April. These adjustments affected certain model unit services on its large model platform, Bailian, DDoS protection products, and the free API quota for DataWorks, which now supports pay-as-you-go billing. Tencent Cloud implemented price hikes twice within a single month, and Baidu Intelligent Cloud has also raised prices for its AI computing power products.\nCSC Financial pointed out that Doubao's move into subscription models signals an acceleration in the commercialization of AI for consumer applications in China. Kaiyuan Securities added that the rise of domestic models and the explosion of applications like Agents are expected to continue driving demand for computing power cloud services, computing power leasing, and AIDC. The firm recommends monitoring companies that are actively expanding in these areas and beginning to demonstrate high growth.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.2","shortVersion":"4.42.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1169329963","isCrawlerRequest":true}