First Seafront Artificial Intelligence Dynamic Allocation Hybrid Fund-A (001986) Surges Nearly 80% in the Past Three Months; AI Enterprises Such as Mininglamp Technology (2718.HK) Accelerate Commercialization of AI

NewTimeSpace (newtimespace.com) News: On June 17, 2026, the Hang Seng Tech Index opened lower and fluctuated, gaining 0.26% as of 10:00 AM. Multiple large model concept stocks advanced, with MiniMax and SenseTime-W rising by 7.25% and 2.76% respectively.

Among artificial intelligence-themed funds, related AI-themed funds such asFirst Seafront Artificial Intelligence Dynamic Allocation Hybrid Fund-A (001986) andFirst Seafront Artificial Intelligence Dynamic Allocation Hybrid Fund-C (023286) have delivered strong performances recently.

Choice data shows that on June 16, 2026,First Seafront Artificial Intelligence Dynamic Allocation Hybrid Fund-A (001986) and First Seafront Artificial Intelligence Dynamic Allocation Hybrid Fund-C (023286) recorded gains of 5.35% respectively. Over the past three months,First Seafront Artificial Intelligence Dynamic Allocation Hybrid Fund-A (001986) and Mixed C (023286) have jumped by 78.10% and 77.92% respectively.

On the news front, companies in the AI industry continue to demonstrate stellar performances. According to the latest data from OpenRouter, the total global invocation volume of AI large models reached 44.6 trillion tokens last week (June 8 to June 14), representing a quarter-on-quarter (week-on-week) increase of 23.5% and marking the eighth consecutive week of growth. Among this, the weekly invocation volume of Chinese AI large models reached 18.42 trillion tokens, up 29.81% week-on-week, surpassing the United States for the seventh consecutive week to rank first globally. Within the top five global invocation volumes, the top four models were all from China.

In addition, Alibaba released its Qwen embodied intelligence large model series, Qwen-Robot, on June 16. The series consists of three major models: the VLA manipulation model Qwen-RobotManip, the VLN navigation model Qwen-RobotNav, and the world model Qwen-RobotWorld.

Recently, Mininglamp Technology (2718.HK) and PATEO Connect+ (2889.HK) signed a strategic cooperation framework agreement. The two parties will jointly build an "AI × Vehicle × User Demand" chain platform. Utilizing token economics as the underlying commercial logic, the platform aims to open up a complete closed loop of "brand marketing budget — vehicle-side AI computing power consumption — user scenario-based consumption," exploring an innovative business paradigm where "the smart cockpit serves as the traffic entry point."

Wanlian Securities expressed that with the continuous iterative upgrades of domestic large models' capabilities and the broadening and deepening of application scenarios, user recognition is poised to further elevate, driving the continuous growth of AI large model token invocation volumes. Leading vendors are all consistently refining their product capabilities and optimizing their ecosystem layouts around the "token economics" (token economy), while accelerating their commercialization explorations. It is recommended to continue monitoring the accelerated pace of AI application commercialization. From a medium-to-long-term perspective, investors should continue focusing on the two major investment themes: the AI industry and the data industry.

Hong Kong-listed Large Model Concept Stocks:

BABA-W (09988.HK)

The company has released several new models, including Qwen3.6-Plus, with the Qwen LLM surpassing 1.4 trillion Tokens in daily API calls, setting a new global record for daily calls on third-party platforms. The Qwen consumer-facing application has exceeded 300 million MAU and has been integrated into the smart cabins of multiple automakers. It consistently ranks at the forefront in international benchmark evaluations for coding and agentic capabilities. Its business layout seamlessly matches the trend of scaled procurement of computing power and model APIs by government and enterprise clients.

MININGLAMP-W (02718.HK)

As an LLM concept stock in the Hong Kong market, Mininglamp Technology is dubbed the "First Agentic AI Stock in Hong Kong." It has released DeepMiner, a multi-agent collaborative data analysis platform for commercial data analytics, and the open-source edge GUI (Graphical User Interface) model series, Mano. Deeply engaged in the enterprise service and data intelligence tracks, the company adopts a multi-agent architecture focusing on commercial data analysis. By utilizing structured factual data to mitigate AI hallucination risks, it provides decision-making agent pipelines for the marketing and mass consumption sectors. Additionally, it has launched AI Native hardware to expand the carriers for its agents.

MINIMAX-W (00100.HK)

A top-tier player dedicated to omni-modal Artificial General Intelligence (AGI). The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.

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