Hong Kong's internet and software sector is undergoing its most significant overhaul this year. I'm told that institutional investors are rapidly recalibrating their portfolios as tech heavyweights adjust their capital structures and a flurry of AI software upstarts debut on the local exchange. According to people familiar with the matter, this momentum could set the stage for a major influx of mainland capital later in 2026.

网易-S (9999.HK)

NetEase is gaining serious traction, comfortably outperforming the broader market recently. I've learned that the company's shift to a dual primary listing in Hong Kong, effective June 30, 2026, is the final hurdle before being included in the Southbound trading link. Given that over 55% of its global trading volume in fiscal 2025 was already handled in Hong Kong, analysts expect a substantial positive capital flow. Adding to the catalyst pipeline, insiders tell me the highly anticipated new title "Sea of Oblivion" is slated for a July release, which could supercharge its gaming revenue later this year.

微盟集团 (2013.HK)

Weimob recently experienced a double-digit intraday spike, riding the coattails of a global SaaS rebound after fears of an "AI software takeover" were debunked. The company posted RMB 1.59B in total revenue for 2025, pushing its gross margin up to 51.2%. While it still reported a net loss, its grip on the WeChat ecosystem remains unshakeable. Market chatter suggests that as sentiment around SaaS business models improves, Weimob could see sustained bargain-hunting before the next earnings cycle.

群核科技 (68.HK)

Since going public on April 17, 2026, Qunhe Technology—often dubbed the first stock of spatial intelligence—has been on a tear. The company not only pulled in RMB 820M in 2025 revenue but also achieved its first-ever annual profitability with an adjusted net profit of RMB 57.1M. I'm told its newly launched SpatialLM model is seeing rapid adoption, and a 28% year-over-year growth in overseas revenue proves its 3D rendering moat is expanding well beyond the domestic market.

中科闻歌 (1956.HK)

Another AI heavyweight, Wenge Technology, made a splashy debut on June 26, 2026, with its stock briefly surging over 100% intraday. As a leading provider of enterprise decision-making foundation models, the firm generated roughly RMB 405M in 2025, up 27.5%. According to people familiar with the IPO, the six cornerstone investors who anchored the offering are heavily backing its critical role in government and enterprise digital transformations.

范式智能 (6682.HK)

4Paradigm's stock has stabilized following a milestone year. The company raked in a massive RMB 7.13B in 2025 total revenue and finally crossed into the black with an adjusted net profit of RMB 17.8M. I'm told the firm recently established a new subsidiary focused on integrated circuit sales, signaling a strategic pivot from its core Sage AIOS software platform toward a more integrated hardware-software AI infrastructure.

Also

• 腾讯音乐-SW (1698.HK): The stock has been trading steadily following its Q1 2026 earnings. With the Ximalaya acquisition officially approved, I hear the company is now laser-focused on accelerating full-chain IP monetization within the Tencent ecosystem.
• 意力国际 (585.HK): The company has remained relatively muted due to a lack of immediate fundamental catalysts, struggling to attract significant trading volume in the current tech rally.

This article does not constitute investment advice.