---
title: "\"Hong Kong Stocks\" Hang Seng Index rises 224 points in half a day, Alibaba and Meituan up, MINIMAX surges 30%"
description: "The Hong Kong stock market rose in the morning session, driven by technology stocks, with the Hang Seng Index up 224 points or 0.9%, reporting at 26,456 points. Technology stocks such as Meituan and A"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/272217058.md"
published_at: "2026-01-12T04:26:50.000Z"
---

# "Hong Kong Stocks" Hang Seng Index rises 224 points in half a day, Alibaba and Meituan up, MINIMAX surges 30%

> The Hong Kong stock market rose in the morning session, driven by technology stocks, with the Hang Seng Index up 224 points or 0.9%, reporting at 26,456 points. Technology stocks such as Meituan and Alibaba performed strongly, rising 7.3% and 5.3% respectively. AI and software stocks also attracted attention, with MINIMAX soaring 31%. The total turnover of the market for the half-day was HKD 168.375 billion

The Hong Kong stock market rose in the morning session, driven by technology stocks. The Hang Seng Index opened up 145 points, initially fell 44 points to 26,187 points, and then rose again, closing up 224 points or 0.9% at 26,456 points; the National Index rose 97 points or 1.1% to 9,146 points; the Hang Seng Tech Index rose 117 points or 2.1% to 5,805 points. The total turnover of the market for the half day was HKD 168.375 billion.

The Office of the State Council's Anti-Monopoly and Anti-Unfair Competition Committee announced an investigation and assessment of the market competition situation in the food delivery platform service industry. Meituan (03690.HK) surged 7.3% to HKD 105.7, JD.com (09618.HK) rose 2.1%, and Alibaba (09988.HK) rose 5.3% to HKD 154.3.

It is reported that DeepSeek will release a new generation flagship AI model in the coming weeks, leading to a surge in AI and software stocks. Baidu (09888.HK) and Kuaishou (01024.HK) rose 4.1% and 5.6%, respectively, while SenseTime (00020.HK) and Chinasoft (00354.HK) rose over 4%. Kingdee (00268.HK), Kingsoft Cloud (03896.HK), Meitu (01357.HK), Fourth Paradigm (06682.HK), and Envision Intelligent (03696.HK) surged between 10.2% and 13.5%. Weimob (02013.HK) skyrocketed 23%, while Zhizhu (02513.HK) and MINIMAX (00100.HK) rose 32% and 31%. Chip stocks Wallen (06082.HK) and Tianxu Zhixin (09903.HK) also rose 12.4% and 9.7%, but SMIC (00981.HK) and Hua Hong (01347.HK) each retreated by less than 1%.

In other technology stocks, Tencent (00700.HK) and NetEase (09999.HK) rose 2.3% and 1.7%, respectively, while Bilibili (09626.HK), China Ruoyi (00136.HK), and Alibaba Health (00241.HK) rose over 5%. The mobile component stock Lens Technology (06613.HK) rose 3.7%.

The Passenger Car Association expects overall vehicle sales this year to be flat compared to last year's domestic retail volume. Automotive stocks Geely (00175.HK), Leapmotor (09863.HK), and Chang'an Automobile (02333.HK) fell 2.4% to 3.1%, while BYD (01211.HK) rose 0.5%. Autonomous driving chip maker Horizon (09660.HK) fell 7%. Lithium stocks Tianqi (09696.HK) and Ganfeng (01772.HK) rose 5.4% and 6%, while CATL (03750.HK) fell 2.9% The market is concerned about the possibility of the U.S. military striking Iran, with spot gold rising to a historic high. Zijin Mining (02899.HK), Shandong Gold (01787.HK), and Zhaojin Mining (01818.HK) saw their gains narrow to between 1.2% and 2%. Lingbao Gold (03330.HK) rose by 4.2%. Spot silver surged over 4% to break a record, with silver stocks like China Silver (00815.HK) increasing by 4.3%. In the fuel transportation sector, China Merchants Energy (01138.HK) rose by 7.3%. Financial stocks HSBC (00005.HK), Hong Kong Exchanges and Clearing (00388.HK), and AIA (01299.HK) fell by 0.6% to 0.8%.

CK Hutchison Holdings (00001.HK) rose by 2.4%, as the market continues to pay attention to rumors of a spin-off listing for Watsons. Xinjiang Goldwind Science & Technology (02208.HK) continued to rise by 5% in the half-day session, driven by news of Blue Arrow Aerospace's listing on the STAR Market. In other stocks, paper industry stock Jiu Paper (02689.HK) increased by 6.7%. Film stocks DaMai Entertainment (01060.HK) and Maoyan Entertainment (01896.HK) rose by 7% and 4%, respectively. Real estate stocks Henderson Land (00012.HK), Sun Hung Kai Properties (00083.HK), and Swire Properties (01972.HK) increased by 2.2% to 3.2%

### Related Stocks

- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)
- [MPNGY.US - Meituan](https://longbridge.com/en/quote/MPNGY.US.md)
- [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.