Daily Report on Hong Kong-Listed LLM Concept Stocks (June 9, 2026)

Stock Code

Stock Name

Latest Price (HKD)

Change (%)

00700.HK

TENCENT

453.2

1.52%

03690.HK

MEITUAN-W

77.2

1.25%

09888.HK

BIDU-SW

116.6

0.52%

01024.HK

KUAISHOU-W

44.34

0.45%

09988.HK

BABA-W

117.1

-1.43%

00020.HK

SENSETIME-W

1.54

-1.91%

03317.HK

XUNCE

157.4

-4.61%

00100.HK

MINIMAX-W

464.4

-8.58%

02718.HK

MININGLAMP-W

179.7

-8.87%

02513.HK

KNOWLEDGE ATLAS

1,136.00

-13.55%

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"

As an LLM concept stock, the company fully underpins its Agentic AI positioning with its self-developed edge models—Mano, Cito, and Mano-P—alongside the Cider inference framework. Its business architecture utilizes 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 parameter expansion of general models in favor of a "Scaling Out" approach that coordinates multiple specialized small models. Its core moats do not rely on parameter scale, but rather on granular scenario data, specialized models, and continuous learning. This enables it to achieve a level of precision in vertical scenarios that general models cannot match, as it remains committed to building an open-source, privately deployable, and white-box auditable Private AI infrastructure.

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.

BABA-W

09988.HK

China's cloud and AI leader

The company has released several new models, including Qwen3.6-Plus, with the Qwen LLM surpassing 1.4 trillion Tokens in daily API calls, setting a new global record for daily calls on third-party platforms. The Qwen consumer-facing application has exceeded 300 million MAU and has been integrated into the smart cabins of multiple automakers. It consistently ranks at the forefront in international benchmark evaluations for coding and agentic capabilities. Its business layout seamlessly matches the trend of scaled procurement of computing power and model APIs by government and enterprise clients.