This week, the broader Hong Kong market advanced, but LLM concept stocks exhibited extreme divergence. Alibaba led the sector with a 17%+ gain, driven by Agent product consolidation and strong cloud revenue forecasts, while Tencent and Meituan posted solid growth. Conversely, MiniMax plunged over 22% weighed down by lock-up expirations and a massive financing plan. KNOWLEDGE ATLAS dropped 8.5% amid late-week profit-taking, despite completing a record HKD 31.4 billion placement. Industry developments were robust: MIIT projected China's core AI industry to exceed RMB 1.2 trillion in 2025; OpenAI fully launched the GPT-5.6 series; Tencent unveiled Hunyuan Hy3 and Agent Bucket; and regulators issued new compliance measures for AI personified interactive services, accelerating the industry's shift toward standardized commercialization.
MIDEA GROUP(00300.HK) will spend CNY 108.05 million to repurchase 1.37 million shares on Jul 10, 2026 .
NewTimeSpace News: By the close of trading on Jul 10, 2026, KNOWLEDGE ATLAS(02513.HK) saw a loss of 19.29% in its share price, closing at HKD 1640. During the session, it reached an intraday high of HKD 1999 and touched an intraday low of HKD 1597.
NewTimeSpace News: SBP GROUP (01177.HK) announced on 10 July that the New Drug Application (NDA) for TQB3454 Tablets, an in-house developed Category 1 innovative IDH1 inhibitor, has been accepted by CDE under NMPA for the treatment of advanced biliary tract cancer harbouring IDH1 mutations. The candidate obtained Breakthrough Therapy Designation in April 2023 and was included under Priority Review in May 2026. Its Phase III trial delivered significant improvements in PFS and OS, marking globally the second and domestically the first positive Phase III study for an IDH1 inhibitor in biliary tract cancer. No targeted therapy of the same target has yet been approved in China.
NewTimeSpace News: Pizu Groupannounced on 10 July that Mr. Hu Jingqiang resigned as Independent Non-executive Director and member of the Audit Committee, Remuneration Committee and Nomination Committee. Dr. Wei Lai has been appointed as Independent Non-executive Director and member of all the aforesaid committees.
NewTimeSpace News: SSY GROUP (02005.HK) announced on 10 July that Propylthiouracil Tablets (50mg) and Calcium Gluconate and Sodium Chloride Injection have secured drug registration approvals issued by NMPA, both deemed to have passed consistency evaluation. Propylthiouracil Tablets are the third domestically approved product of this kind, indicated for hyperthyroidism. The injection is used for acute hypocalcaemia, magnesium poisoning and fluoride poisoning.
NewTimeSpace (newtimespace.com) reported that on July 10, 2026, semiconductor‑related themes continued to rise, with HUA HONG GRACE (01347.HK) extending its upward momentum. As of 13:36, the stock was quoted at HKD 208.800, up 3.47%.
NewTimeSpace News: Befar Group (06745.HK) commenced trading on HKEX today. The final offer price was fixed at HK$3.48. As at press time, the stock traded at HK$2.73, down HK$0.75 or 21.55% against the final offer price.
NewTimeSpace (newtimespace.com) News, MINIMAX-W (00100.HK) plans to issue in total 35.6 million shares by placement, with estimated net proceeds of HKD 9.49 billion.
NewTimeSpace News: CREATIVE CHINA (08368.HK) plans to issue in total 114.42 million shares.
NewTimeSpace News: UISEE TECH (01511.HK) announced on 10 July that it has secured a fresh order for 7 autonomous vehicles from Xinjiang Airport Group. The autonomous vehicle fleet deployed at Ürümqi Tianshan International Airport now totals over 70 units, forming the largest apron autonomous driving operation fleet in Chinese mainland. The existing fleet has achieved a milestone of 1 million kilometres of commercial operation.
NewTimeSpace News: VSING (08292.HK) announced on 9 July that it plans to acquire all or part of equity interest in Golfzon Hong Kong, the largest and technologically advanced indoor golf operator in Hong Kong with 5 directly-operated outlets, over 60 franchise stores and more than 5,000 premium members. Both parties aim to finalise definitive agreements within three months. The memorandum of understanding is non-binding. The Group intends to create a brand-new "Technology + Sports + Social" entertainment ecosystem.
NewTimeSpace News: CI FIN TECH GP (08029.HK) announced on 9 July that Executive Director Wang Qiang has been appointed Chairman of the Board and fellow Executive Director Zheng Meicheng Vice-chairwoman, with effect from 9 July 2026. Wang holds approximately 19.5% equity interest in the Company and receives monthly director remuneration of HK$80,000. Zheng, younger sister of former Chairman Zheng Dinggang, earns HK$150,500 per month.
NewTimeSpace News: Zijin Gold International Company Limited (02259.HK) announced on 9 July that it expects profit attributable to owners of the parent to reach roughly USD1.4 billion for the first half of 2026, representing a year-on-year increase of approximately 169% (compared with USD520 million in the same period last year). The growth is mainly driven by higher mined gold output (27 tonnes), rising gold selling prices and profit contributions from two newly acquired gold mines.
NewTimeSpace News: CROSSTEC Group Holdings announced on 9 July that the Company received a notice from HIL to convert the remaining principal of HK$16.4 million convertible bonds at a conversion price of HK$0.11 per share. A total of 149,090,909 conversion shares were fully issued on 9 July.
NewTimeSpace News: AIMS APAC REIT announced on July 9 that its wholly-owned Australian sub-trust will acquire freehold industrial land located in Hazelmere, Western Australia, at a consideration of AUD 42.7 million (approximately SGD 38.43 million).
