GJKNATL@EC2611A

WeChat AI Opens Mini Program API, Causing Rise in Huaxia HK Stock Connect Internet ETF

Huachuang Securities Initiates Coverage of Zhipu (02513) with Buy Rating, Forecasts High Revenue Growth 2026-2028

Zhipu Releases GLM-5.1 High-Speed API, Refreshing Large Model Output Speed to 400 Tokens/s

Zhipu Completes Scaled Deployment of ZCube Architecture, GLM-5.1 Inference Throughput Increases by 15%

Zhipu AI Launches AutoClaw APP Version, Supporting Cross-Platform Sync and Agent Collaboration

Alibaba Cloud Announces Full Openness of Bailian Platform, Integrating Multiple Large Models Including GLM-5.1

Alibaba Cloud Opens Bailian Platform and Launches New Models with Moonshot and Minimax

Artificial Analysis Releases Coding Agent Benchmark

Zhipu Acquires Beijing Hongzuan Technology Development Co., Ltd. and Diamond Tower for 445 Million Yuan

Total valuation of China's Four AI Giants exceeds 1 Trillion Yuan

Beijing Hongzhuang Technology Development Co., Ltd. Changes Shareholder to Zhipei

Time Magazine Releases Top 10 Most Influential AI Companies of 2026

Zhipu Discloses GLM-5 Series Coding Agent Inference Technology, Performance Improved by 132%

Sanqi Interactive Reports Q1 Earnings and Analyzes AI Investment Returns

Zhipu AI Selected as One of the 10 Most Influential AI Companies by Time Magazine

JPMorgan Maintains Overweight Rating on Zhigu AI, Predicts Stock Price Increase

Zhipu Acquires Diamond Building Property

UBS Analysts Release Buy Rating for Zhìpǔ Technology H-Share

AI application 概念股 rise, DeepSeek initiates first external equity financing

Intelligent Spectrum Aims to Acquire Beijing Hongzhuang Technology Development Co., Ltd.

SYNERTONE

SOFTMEDX

HIPINE

BIOSTAR PHARM-B

WING FUNG GROUP

PAN ASIA DATA H

MEDINET GROUP

G-VISION INT'L

XI2CSOPMSTR

02513

03317

01384

02556

Hong Kong stock technology stocks are active, with MarketingForce leading the AI application sector. The market shows structural differentiation: KNOWLEDGE ATLAS focuses on large model foundations, DEEPEXI TECH concentrates on data middle platforms, XUNCE deeply cultivates vertical industry software, while MarketingForce connects business scenarios through the "enterprise intelligent agent middle platform," achieving differentiated positioning and pricing

同壁财经

KNOWLEDGE ATLAS

XUNCE

DEEPEXI TECH

MARKETINGFORCE

Hang Seng Index

Hang Seng TECH Index

[Hong Kong Stock Market Review]: MarketingForce leads AI applications with a 10% increase, and enterprise intelligent agents are forming differentiated positions

01888

02476

09903

06869

03808

00100

06082

01171

00857

KB LAMINATES(01888) rose 12.6%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 377.6%. VGT(02476) rose 12.53%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 81.4%. KNOWLEDGE ATLAS(02513) fell 13.55%, with a trading turnover 3.8 Billion HKD, and a year-to-date rose 877.6%. MINIMAX-W(00100) fell 8.58%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 181.5%.

Top Gainers&Losers

KB LAMINATES

ILUVATAR COREX

YOFC

SINOTRUK

MINIMAX-W

BIREN TECH

YANKUANG ENERGY

PETROCHINA

Top 5 HK Stock Gainers/Losers (>100B) (6.9)

00568

02685

01428

03336

02661

01879

06808

01872

00290

SHANDONG MOLONG(00568) fell 17.95%, with a trading turnover 473.6 Million HKD, and a year-to-date rose 74.4%. QUANTGROUP(02685) fell 14.83%, with a trading turnover 280.1 Million HKD, and a year-to-date fell 43.5%. BRIGHT SMART(01428) fell 14.56%, with a trading turnover 446.9 Million HKD, and a year-to-date fell 5.5%.

SHANDONG MOLONG

QUANTGROUP

BRIGHT SMART

JU TENG INTL

QINGSONG HEALTH

XIZHI TECH-P

SUNART RETAIL

GUAN CHAO HLDGS

GOFINTECH QUANT

Top 10 HK Stock Losers (6.9)

KNOWLEDGE ATLAS fell 11.42%; MINIMAX-W fell 8.98%, with a transaction volume of HKD 1.039 billion; Dipu Technology rose 4.45%, with a transaction volume of HKD 520 million; Haizhi Technology Group rose 11.79%, with a transaction volume of HKD 378 million; Shenyan Intelligent fell 0.92%, with a market value of HKD 31.4 billion

HK Stock Alerts

HAIZHI TECH GP

DEEPZERO

Hong Kong Stock Movement: KNOWLEDGE ATLAS falls 11.42%! Inclusion in Stock Connect cannot hide concerns over high valuation, AI sector under pressure

STECH

520910

03033

03032

03067

07226

07552

WeChat AI opens interfaces to all mini program developers, providing both automatic and development access modes. Affected by this positive news and the rise of Hong Kong technology stocks, on June 9th, the Hang Seng TECH Index rose by 0.62%, and the lowest fee tier Hong Kong Stock Connect Internet ETF, ChinaAMC CSI Hong Kong Connect Internet ETF (520910), increased by nearly 1.5%. In addition, KNOWLEDGE ATLAS and MINIMAX-W were included in the Hang Seng TECH Index, and WanLian Security believes this reflects recognition of cutting-edge AI assets and broadens financing channels

ChinaAMC CSI Hong Kong Connect Internet ETF

CSOP HS TECH

HSTECH ETF

ISHARESHSTECH

XL2CSOPHSTECH

XI2CSOPHSTECH

TENCENT

Hang Seng China Enterprises Index

CAOCAO INC

KINGSOFT

MEITU

PHANCY

CHINA LIT

YIXIN

ZA ONLINE

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

WeChat AI opens mini program interface, the Hong Kong Stock Connect Internet ETF with the lowest fee rate among similar products, ChinaAMC CSI Hong Kong Connect Internet ETF (520910), rises nearly 1.5%

Zhipu AI's market cap surged over 13-fold, driven by high ARR growth in the coding sector. However, challenges persist: domestic computing power lags significantly, R&D costs far exceed revenue, and profitability remains distant. Major shareholders face share unlocking pressures around July, potentially causing volatility. While open-source models offer cost advantages, intense price wars and decreasing scarcity premiums pose risks to this 'faith valuation' bubble.

CoinLive

UBS Group AG

How long can the "market dream rate" of AI-modeled stocks last?

Zhipu AI's market cap has surged to HK$585.8 billion, nearly triple MiniMax's, driven by stronger enterprise focus, advanced model capabilities, and inclusion in Stock Connect. Analysts attribute the widening valuation gap to MiniMax's looming share unlocks and consumer-oriented model, which limits pricing power. While Zhipu benefits from liquidity and tech accumulation, both face competition from US peers and domestic rivals like DeepSeek.

SCMP

HSBC HOLDINGS

HSBC

BABA-W

Alibaba

OpenAI

Morgan Stanley

HSBC 5xShortSG241213

HSBC Holdings Plc

BABA-WR

Alibaba HK SDR 5to1

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

MiniMax and Zhipu were added to the Hang Seng Tech Index, marking the first inclusion of pure-play AI firms. Analysts predict this could drive $1.25-$1.75 billion in passive inflows. Despite the positive index update, shares moved divergently amid a broader regional tech sell-off triggered by US jobs data; MiniMax fell 8.4% while Zhipu rose 1.3%. Zhipu was also added to Stock Connect, broadening investor access.

KINGDEE INT'L

Hong Kong tech gauge welcomes MiniMax, Zhipu in AI milestone amid slump

01768

02675

02706

The Shenzhen Stock Exchange announced an adjustment to the Hong Kong Stock Connect eligible securities list, effective June 8, 2026. The update adds six new securities: Ming Ming Hen Mang, Zhipu, JF Medical-B, Haizhi Technology Group, Biren Technology, and Tianshu Zhixin.

BUSYMING

EDGE MEDICAL-B

STOCKS | Shenzhen Stock Exchange Adjusts Hong Kong Stock Connect Eligible Securities List Effective 2026-06-08

GJKNATL@EC2611A(29271.HK)