Apple (AAPL.US)      ’s App Store China free list showed that DeepSeek App, developed by the domestic foundation model company DeepSeek, topped the chart today (27th). In parallel, DeepSeek App jumped to the first place from the sixth on Apple’s App Store free list in the US yesterday (26th), toppling ChatGPT and Meta (META.US)      ’s social media platform Threads, as well as generative AI products from American big techs, such as Google Gemini and Microsoft (MSFT.US)      Copilot.

This is also reportedly the only time that a Chinese App can seize the first place in Apple App Store in China and the US at the same time. Previously, RedNote and Temu also became the download champions of the US App Store, but failed to concurrently take the top spot in China.

Related NewsM Stanley Lists H Shrs with Higher Risk Exposure Amid Potential US Tariff Hike (Table)
Domestic AI concept stocks listed in HK broadly advanced this morning. GDS-SW (09698.HK)  +4.300 (+19.861%)    Short selling $42.06M; Ratio 15.985%   last traded at $23, up 10.05%, with a turnover of $40.3561 million. AINNOVATION (02121.HK)  +0.030 (+0.451%)   last stood at $6.2, up 8.8%, with a turnover of $41.4615 million. WEIMOB INC (02013.HK)  +0.040 (+1.852%)    Short selling $10.21M; Ratio 5.610%   also soared 8.1% to $2.39, with a turnover of $323 million.

SENSETIME-W (00020.HK)  +0.040 (+2.367%)    Short selling $90.07M; Ratio 8.151%   leaped 7.9% this morning, peaking at $1.64, the highest in more than a month, before the gains narrowed. It last printed at $1.58, up 3.95%, with a turnover of $985 million. Huatai Securities covered SenseTime for the first time and gave it a Buy rating with a target price of $2.1.

In addition, BIDU-SW (09888.HK)  +2.900 (+3.434%)    Short selling $322.82M; Ratio 26.629%   and KINGSOFT CLOUD (03896.HK)  +0.760 (+9.719%)    Short selling $122.58M; Ratio 12.583%   also jumped up by more than 4%. XTALPI-P (02228.HK)  +0.400 (+8.032%)    Short selling $5.35M; Ratio 2.347%   rose 1.6%. BABA-W (09988.HK)  +3.650 (+3.883%)    Short selling $2.02B; Ratio 17.577%   and TENCENT (00700.HK)  +16.600 (+4.107%)    Short selling $1.36B; Ratio 10.440%   surged 3.2% and 1.1% respectively. However, SMIC (00981.HK)  +3.550 (+8.473%)    Short selling $675.50M; Ratio 15.088%   slid 2.9% to $40.1.

Related NewsJPM Lists Stocks that Mostly Benefit from CN AI Development (Table)
DeepSeek had released a free and open source large language model (LLM) DeepSeek-R1 at the end of last year, which surpassed the industry-leading Meta Llama 3.1, OpenAI GPT-4o, and Anthropic Claude Sonnet 3.5 in multiple mathematical and reasoning benchmarks. DeepSeek had released the inference model R1 last week, which also exceled OpenAI's latest o1 in many third-party tests.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-02-04 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)