QINIU (02567) saw its shares rise nearly 17% during the trading session. At the time of writing, the stock was up 7.55%, trading at HK$0.57, with a turnover of HK$8.06 million. The surge follows the recent official launch of QINIU's MaaS platform, named "AI Model Square," which is viewed by the market as a "Chinese version of OpenRouter." The platform features a unified API architecture, multi-model scheduling capabilities, and Agent services, establishing an AI-native development foundation and serving as a neutral scheduling hub for AI development. Notably, official data from QINIU shows that since the company launched its MaaS platform in 2025, the number of MaaS-related users has grown rapidly, exceeding 180,000. As of January 14, 2026, the total number of registered users on the QINIU Cloud platform has surpassed 1.92 million, demonstrating non-linear growth and indicating that QINIU's MaaS ecosystem has achieved scale effects. With the anticipated surge in multi-agent inference demand in 2026, QINIU is expected to evolve from a "service provider" to a "core ecosystem player."