Daily Report on Hong Kong-Listed LLM Concept Stocks (June 8, 2026)

On June 8, Hong Kong stocks fluctuated lower, with most LLM concept stocks undergoing a deep correction alongside the broader internet tech sector, except for ZHIPU AI, which bucked the trend after entering the Hang Seng TECH Index and Stock Connect. Conversely, embodied AI and robotics equities rallied, driven by Unitree Robotics' successful IPO hearing and NVIDIA partnerships.

I. Industry Observations

On June 8, 2026, the Hong Kong stock market fluctuated lower, with internet and technology stocks declining across the board. The Hang Seng Index (HSI) closed down 1.22% at 24,657.06 points, the Hang Seng TECH Index fell 2.71% to 4,755.91 points, and the Hang Seng China Enterprises Index (HSCEI) dropped 1.13% to 8,341.36 points. Total daily turnover stood at HKD 363.975 billion, with Southbound trading recording a net inflow of HKD 11.318 billion.

Divergent trends were observed across the AI and hard tech sectors. ZHIPU AI (02513.HK) rose 1.3% as it officially joined the Hang Seng TECH Index and simultaneously became eligible for the Southbound Stock Connect. Iluvatar CoreX jumped 12.7% following its inclusion in the Stock Connect eligible list, buoyed by its DeepSpark open-source community completing adaptations for over 610 algorithmic models. 51World (51VR) surged 13.7%, with its subsidiary 51Sim poised to benefit from NVIDIA's release of Cosmos 3 to advance embodied physical AI. Quant Group gained 12.7% as its subsidiary, Silicon Intelligence, advanced its layout in all-scenario embodied AI robotics. The robotics concept sector was notably active despite the broader market decline; Estun Automation rose 12.3%, LeDONG Robotics gained 7.4%, and UBTECH (09880.HK) advanced 6.7%, driven by Unitree Robotics passing its STAR Market IPO hearing and cooperating with NVIDIA to launch a next-generation humanoid robot.

II. Market Performance of LLM Concept Stocks

Stock Code

Stock Name

Latest Price (HKD)

Change (%)

02513.HK

KNOWLEDGE ATLAS

1,314.00

1.31%

03317.HK

XUNCE

165

-0.60%

00700.HK

TENCENT

446.4

-1.50%

09988.HK

BABA-W

118.8

-2.94%

03690.HK

MEITUAN-W

76.25

-4.63%

00020.HK

SENSETIME-W

1.57

-5.42%

01024.HK

KUAISHOU-W

44.14

-5.80%

09888.HK

BIDU-SW

116

-7.64%

00100.HK

MINIMAX-W

508

-8.14%

02718.HK

MININGLAMP-W

197.2

-13.13%

Data Source: HKEX. For reference only, not investment advice. Data as of market close onJune 8, 2026.

III. Industry and Corporate Dynamics

1. SpaceX Signs USD 30 Billion Computing Power Accord with Google at USD 920 Million Monthly Fee

On June 6, SpaceX and Google executed a multi-year cloud computing agreement under which Google will pay USD 920 million monthly (totaling approximately USD 30 billion through June 2029) to lease computing power across roughly 110,000 NVIDIA GPUs housed within SpaceX data centers. The agreement is engineered to support the computational demands of the Google Gemini Enterprise platform. This follows a similar agreement previously signed between SpaceX and Anthropic (at USD 1.25 billion monthly), bringing the combined value of the two contracts to over USD 70 billion. Secured just ahead of SpaceX's slated IPO on June 12, the deal significantly enhances the company's financial attractiveness. Google commented that enterprise demand for Gemini has "exceeded expectations," providing immediate context for its prior USD 80 billion equity financing.

2. XUNCE (03317.HK) Signs Three-Party Strategic Cooperation Agreement with PATEO and Sailmotive to Expand into Intelligent Connected Vehicles

On June 8, XUNCE (03317.HK) entered into a three-party strategic cooperation agreement with PATEO Connect Car and Sailmotive. The partnership intends to scale XUNCE's data tokenization capabilities into the intelligent connected vehicle (ICV) sector. The three parties will jointly develop token-based embodied AI and world models to forge a fully closed-loop industrial framework encompassing "edge hardware, simulation testing, data infrastructure, token settlement, and commercial operations." Furthermore, the alliance will accelerate the commercial deployment of tokenized AI Agent applications across high-frequency cockpit scenarios, such as in-vehicle voice assistants and itinerary planning.

3. JD.com and Tencent Forge Deep Strategic Partnership Centered on AI Agents

JD.com and Tencent recently announced a deep strategic partnership centered on AI Agents. Leveraging JD.com’s robust product supply chain and fulfillment capabilities alongside Tencent’s ecosystem access advantages, the two giants will jointly develop cross-scenario intelligent services, driving AI Agents from single-point applications toward full-scale ecosystem synergy.

IV. Introduction to LLM Concept Stocks

Stock Name

Stock Code

Market Position

LLM Products & Business Profile

KNOWLEDGE ATLAS

02513.HK

A leading player in China's independent LLM sector

Knowledge Atlas Technology Joint Stock Company Limited (02513.HK; commercially known as Zhipu AI) is a leading player in China's independent large language model (LLM) sector (recognized for its capabilities and market position by Frost & Sullivan). The company has released its next-generation flagship model, GLM-5, achieving open-source State-of-the-Art (SOTA) performance in coding and agentic capabilities. It has also open-sourced the multimodal image generation model GLM-Image in collaboration with Huawei. Focusing on novel model architecture design, generalized reinforcement learning paradigms, and autonomous model evolution, its business layout closely aligns with the trend of enterprise-level AI productivity transformation.

MINIMAX-W

00100.HK

A top-tier player in omni-modal AGI

The company has released DeepMiner, a multi-agent collaborative data analysis platform for commercial data analytics, and the open-source edge GUI (Graphical User Interface) model series, Mano. Deeply engaged in the enterprise service and data intelligence tracks, the company adopts a multi-agent architecture focusing on commercial data analysis. By utilizing structured factual data to mitigate AI hallucination risks, it provides decision-making agent pipelines for the marketing and mass consumption sectors. Additionally, it has launched AI Native hardware to expand the carriers for its agents.

MININGLAMP-W

02718.HK

LLM concept stock, dubbed the "First Agentic AI Stock in Hong Kong"

Relying on its self-developed edge models Mano, Cito, and Mano-P, along with the Cider inference framework, it fully supports its Agentic AI positioning. Its business architecture uses the DeepMiner LLM as the underlying engine and Octo as the collaborative hub, uniformly delivering various AI products and industry solutions in the form of Agentic Services. Mininglamp pursues a differentiated technological route, bypassing the "Scaling Up" parameter expansion of general models in favor of a "Scaling Out" approach that coordinates multiple specialized small models. Its core moats are granular scenario data, specialized models, and continuous learning, achieving precision in vertical scenarios that general models cannot match. The company is committed to building an open-source, privately deployable, and white-box auditable Private AI infrastructure.

XUNCE

03317.HK

A leading data infrastructure provider for financial asset management in China

Recognized by the market as the "First Token Stock." The company continues to deepen the integration of LLMs into the core business workflows of financial asset management, reconstructing investment research, trading, and risk control pipelines through underlying data governance and AI technologies. Its underlying structured data cleaning capabilities closely align with the digital transformation of financial institutions and the compliant implementation trends of LLMs.

TENCENT

00020.HK

An Internet tech giant with a national-scale application ecosystem and the platform provider with the broadest LLM implementation scenarios in China

The Hunyuan LLM ranks highly in evaluations on third-party platforms such as OpenRouter. The model continues to deepen its integration into national-level social applications, Tencent Meeting, and the cloud-based collaborative office ecosystem. Backed by a massive MAU base and the Tencent Cloud intelligent computing service system, the company is accelerating the delivery/provision of AI solutions to B2B clients in government and finance, continuously expanding enterprise-level application scenarios.

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