NewTimeSpace News: HK SH ALLIANCE (01001.HK) announced on 9 July that its subsidiary’s tender submission for the government’s Tsing Yi Advanced Construction Industry Building project was unsuccessful. The Group stated that it has alternative operational arrangements in place and expects the tender result to exert no material adverse impact on its business operations and financial position. Shareholders and investors are advised to exercise caution.
NewTimeSpace News: New Century Group Hong Kong Ltd. (00234.HK) announced on 9 July that its subsidiary Easy Cash Finance granted a HK$8.7 million mortgage loan to Wong Kwok Keung and Jiayuan Holdings for a term of 12 months with annual interest rate of 12%, secured by properties valued at HK$13.8 million. The borrowers are independent third parties. The transaction constitutes a discloseable transaction. The Group expects steady interest income and cash inflows from the loan.
NewTimeSpace News: Be Friends Holding Limited (01450.HK) announced on 9 July that the Group recorded GMV of approximately RMB3.36 billion in the second quarter of 2026, representing a year-on-year decline of around 11.2%. Cumulative GMV for the first half of 2026 stood at roughly RMB6.53 billion, down about 6.5% year-on-year. The figures are unaudited preliminary operating statistics for reference only.
On July 9, Hong Kong equities surged before retreating, with LLM stocks diverging while semiconductor hardware rallied against the broader market. KNOWLEDGE ATLAS successfully completed a HKD 31.41 billion discounted share placement—setting a record for the largest post-IPO equity financing in the domestic LLM sector—propelling its stock up 11.3%. Conversely, MiniMax plunged 18% as its lock-up period expired. The industry is accelerating toward edge AI and agentic capabilities: StepFun announced plans to launch the world's first native AI agent smartphone ahead of OpenAI and is preparing for a Hong Kong IPO. Meanwhile, Amazon is reportedly advancing a secret Alexa AI project, "Moonraker," though its projected GPU costs exceeding USD 100 million in 2026 have raised internal concerns.
NewTimeSpace News: Datang Environment announced on 9 July that the Company has completed the issuance of its 2026 Phase I Super Short-term Commercial Paper (SCP). The issuance size stands at RMB 500 million with a coupon rate of 1.38%, and the value date is 8 July 2026.
NewTimeSpace News: Tong Ren Tang Technologies Co. Limited (01666.HK) announced on 9 July that Han Guanzhao has resigned as Board Secretary. Mei Zhe is appointed as Board Secretary, Joint Company Secretary and Authorised Representative. Ms Mei previously served as Company Secretary of China New Town Development Company Limited (01278.HK) and holds relevant professional qualifications. Former Authorised Representative Ma Wing Yee will remain as Company Secretary and Process Agent.
NewTimeSpace News: Kinetic Development Group announced on 9 July that Taiyuan Administrative Approval and Service Administration officially approved the transfer of 100% equity interest in Taiyuan Shidi to Power Shanxi on 8 July. The completion of the acquisition transaction was settled on the same date, and Taiyuan Shidi has become an indirect wholly-owned subsidiary of the Group.
NewTimeSpace News: B.Duck Semk Holdings International Limited (02250.HK) announced on 9 July that it has entered cooperation with Yungang on three B.Duck-branded AI companion hardware lines, with total joint investment capped at roughly RMB10 million (the Company to bear 30%). Profits will be split 70:30, and the Group will waive IP licensing fees at the initial stage. The parties will also jointly build an AIGC content co-creation platform with revenue shared on the same ratio.
NewTimeSpace News: Shanghai Electric Group Company Limited (02727.HK) announced that after three rounds of public listing, the real estate and ancillary facilities located at No.188 Linchun Road, Minhang District, Shanghai were ultimately transferred to Shanghai Xinzhuang Industrial Zone Industrial Co., Ltd. for RMB134,921,781. A property rights transaction contract has been signed between both parties.
NewTimeSpace News: ES Group announced on 8 July that the handover of vessel "ES Jewel" sold by its wholly-owned subsidiary ES Jewel Pte. Ltd. was completed on 7 July. The balance payment of USD 5.04 million (approximately SGD 6.47 million) was received on 8 July, marking the full completion of the disposal.
NewTimeSpace (newtimespace.com) reported that on July 9, 2026, the humanoid robot concept continued to decline during trading, with Xiaomi-W (01810.HK) fluctuating lower. As of 13:18, the stock was quoted at HKD 24.640, down 2.61%.
NewTimeSpace News: Shanghai Biren Technology Co., Ltd. (06082.HK) announced on 8 July that the placing of new H-shares under the general mandate has been completed. A total of 153,000,000 placing shares were successfully allotted to no fewer than six placees at a placing price of HK$46.20 per share, generating estimated net proceeds of around HK$7.038 billion after deducting commissions and estimated expenses. The placing shares account for approximately 5.90% of the total enlarged issued share capital, and all placees are independent third parties. The Company’s registered capital and total number of issued shares have been adjusted accordingly.
On July 8, Hong Kong stocks rallied strongly, with the AI and LLM supply chains erupting across the board. Alibaba surged over 12% on enterprise agent consolidation, while Kuaishou advanced nearly 9% following Kling AI's financing. Among LLM pure-plays, KNOWLEDGE ATLAS and MiniMax both skyrocketed over 12%, buoyed by long-term holding commitments from key shareholders. The semiconductor and hardware sectors strengthened concurrently, driven by Hua Hong's price target upgrade and Inspur's earnings beat. In industry news, MIIT announced China's core AI industry exceeded RMB 1.2 trillion in 2025; xAI officially rebranded as SpaceXAI post-merger; and Tencent hired former OpenAI researcher Yonglong Tian to bolster VLM development.
NewTimeSpace News: China Feihe announced on July 8 that its wholly-owned subsidiary Heilongjiang Feihe subscribed to financial products issued by SPD Bank using idle funds, with an aggregate principal amount of RMB 300 million and an expected annual yield of 2.30%.
NewTimeSpace News: Agile Group Holdings Limited (03383.HK) announced that total contracted sales of the Group, together with its joint ventures, associates and Agile-branded projects, reached approximately RMB820 million in June 2026, corresponding to a gross floor area (GFA) of around 127,000 square metres. For the six months ended 30 June 2026, cumulative contracted sales totalled approximately RMB3.8 billion, with a corresponding GFA of roughly 408,000 square metres.
NewTimeSpace (newtimespace.com) reported that on July 8, 2026, the humanoid robot theme continued to weaken. UBTECH (09880.HK) extended its decline, with the stock quoted at HKD 89.100 as of 13:20, down 4.55%.
