--- title: "Hong Kong Stock Movement: NEWBORNTOWN rises 15.63%: Intensive repurchase and cancellation + First quarter report expected to increase" type: "News" locale: "en" url: "https://longbridge.com/en/news/289125488.md" description: "NEWBORNTOWN rose 15.63%; Tencent Holdings rose 4.79%, with a transaction volume of HKD 7.96 billion; Kuaishou-W rose 1.31%, with a transaction volume of HKD 539 million; Bilibili-W rose 0.21%, with a transaction volume of HKD 345 million; Baidu-SW rose 1.72%, with a market value of HKD 321.2 billion" datetime: "2026-06-09T02:32:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289125488.md) - [en](https://longbridge.com/en/news/289125488.md) - [zh-HK](https://longbridge.com/zh-HK/news/289125488.md) --- # Hong Kong Stock Movement: NEWBORNTOWN rises 15.63%: Intensive repurchase and cancellation + First quarter report expected to increase **Hong Kong Stock Movement** NEWBORNTOWN rose by 15.63%. Based on recent key news: 1. On June 9, NEWBORNTOWN announced an intensive share buyback, repurchasing a total of 1.476 million shares since June, with a total amount of approximately HKD 11.79 million. This move increased the net asset value and earnings per share, driving the stock price up. Source: Zhitong Finance 2. On June 8, the company spent HKD 1.9539 million to repurchase 276,000 shares at a buyback price of HKD 6.94-7.21. This buyback action further enhanced market confidence, supporting the rise in stock price. Source: Zhitong Finance 3. On June 9, NEWBORNTOWN's Q1 2026 operational data showed a year-on-year revenue growth of 33.0%-39.6%, with significant growth in innovative businesses, benefiting from AI-driven short drama operations. This performance expectation boosted investors' confidence in the company's future growth. Source: Zhitong Finance Social and entertainment market space is vast, and performance has growth potential. **Stocks with High Trading Volume in the Industry** Tencent Holdings rose by 4.79%. Based on recent key news: 1. On June 8, Tencent Holdings spent HKD 501 million to repurchase 1.116 million shares, with a buyback price of HKD 443.4-457.6 per share. This move demonstrates the company's confidence in its own stock, driving the stock price up. 2. On June 8, Tencent announced an update to its global medium-term note program, with a maximum limit of USD 30 billion, and plans to issue US dollar and offshore RMB bonds, expecting to raise approximately USD 3 billion. This move enhanced market confidence in Tencent's financial stability, further driving the stock price up. 3. On June 9, Tencent recorded large transactions with a trading volume of HKD 1.246 billion, indicating strong market demand for Tencent's stock, further pushing up the stock price. The market reacted positively to Tencent's financial stability and buyback plan, driving the stock price up. Kuaishou-W rose by 1.31%. Based on recent key news: 1. On June 8, Kuaishou-W announced a buyback of 2.042 million shares for HKD 89.9519 million, demonstrating the company's confidence in its own value, driving the stock price up. 2. On June 8, Kuaishou's AI user base surpassed 100 million, with nearly 50,000 enterprise clients, showing significant business growth and enhancing market confidence. 3. On June 8, Huai'an Kuaishou Guanyun Information Technology Co., Ltd. was established to expand data processing and storage services, demonstrating the company's continued expansion in the technology sector. The investment boom in the AI industry focuses on system efficiency. Bilibili-W rose by 0.21%. Based on recent key news: 1. On June 9, Zephirin Group upgraded Bilibili's rating due to reduced risks of Tencent's share reduction. Tencent's plan to issue bonds decreased the likelihood of selling Bilibili shares, leading to a rise in stock price. 2. On June 8, Bilibili launched pauseable ads, balancing community commitments with commercialization revenue. This move increased advertising revenue potential while maintaining user experience On June 8th, Kuaishou's commercialization strategy serves as a reference for Bilibili. Kuaishou is seeking growth points through AI and new technologies, indicating that Bilibili needs to explore new growth stories. The industry is facing challenges of slowing user growth. **Stocks ranked at the top of the industry by market capitalization** Baidu-SW rose by 1.72%. Based on recent key news: 1. On June 8th, the U.S. Department of Defense listed Baidu as a company supporting the Chinese military. This news caused Baidu's stock price to drop by 2.3% at one point, but market sentiment later improved, leading to a rebound in stock price. Source: Reuters 2. On June 8th, Baidu recorded large transactions in pre-market trading, with a transaction amount reaching HKD 799 million, indicating active trading interest in its stock. Source: Jingji Tong News Agency 3. On June 7th, Baidu MEG underwent organizational adjustments, establishing a large commercial division to enhance operational efficiency, which received a positive market response. Source: Jinshi Data Technology is facing short-term adjustment pressure, and market sentiment is cautious ### Related Stocks - [09911.HK](https://longbridge.com/en/quote/09911.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [01024.HK](https://longbridge.com/en/quote/01024.HK.md) - [09626.HK](https://longbridge.com/en/quote/09626.HK.md) - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) ## Related News & Research - [CICC Remains a Buy on Newborn Town Inc. (9911)](https://longbridge.com/en/news/283952542.md) - [Paw patrol: Hong Kong airport dog unit to cover reopened Terminal 2](https://longbridge.com/en/news/289589274.md) - [Why did Micron stock bounce back today?](https://longbridge.com/en/news/289078520.md) - [REG - CQS New City HighYld - Issue of Equity](https://longbridge.com/en/news/289617248.md) - [05:36 ETJ&T Express's "Double 6" Parcel Volume Hits New High, Surging 83.5% YoY in Southeast Asia](https://longbridge.com/en/news/289167156.md)