Recently, the Hong Kong stock internet sector has been active, and the centralized release of major domestic models has formed a direct catalyst. On July 31, Seedance 2.5 was released, and the video generation time was raised to 30 seconds, optimizing the video quality closer to actual shooting; on the same day, the official DeepSeek-v4-Flash API began public testing, improving model capabilities and reducing the overall token price, which highlighted the cost performance ratio; on August 3, Minimax H3 was open source, becoming the company's first open source multi-modal generation model. Looking ahead to the future market, the domestic model is still in a rapid iteration cycle, where cost performance and performance improvements go hand in hand. The Hong Kong stock internet sector brings together middle and downstream models and application companies in the AI industry chain, and it is expected that they will continue to benefit from the update and iteration of large-scale domestic models.

Recently, the Hong Kong stock internet sector has been active, and the centralized release of major domestic models has formed a direct catalyst. On July 31, Seedance 2.5 was released, and the video generation time was raised to 30 seconds, optimizing the video quality closer to actual shooting; on the same day, the official DeepSeek-v4-Flash API began public testing, improving model capabilities and reducing the overall token price, which highlighted the cost performance ratio; on August 3, Minimax H3 was open source, becoming the company's first open source multi-modal generation model. Looking ahead to the future market, the domestic model is still in a rapid iteration cycle, where cost performance and performance improvements go hand in hand. The Hong Kong stock internet sector brings together middle and downstream models and application companies in the AI industry chain, and it is expected that they will continue to benefit from the update and iteration of large-scale domestic models.