Daily Report on Hong Kong-Listed LLM Concept Stocks (June 12, 2026)

NewTimeSpace · 2026/06/12 17:27 · By Xuran Lin

On June 12, Hong Kong stocks rallied, though the LLM sector experienced sharp divergence: MININGLAMP-W plummeted upward by over 21% upon completing its full-matrix edge Agentic AI deployment, and JD.com gained 3.4% on its newly unveiled A2P2 agent payment protocol, whereas MINIMAX-W tumbled 9%, halving its market value within the month. Significant infrastructure milestones were achieved globally: Visa partnered with OpenAI to establish payment and risk control mechanisms for autonomous AI agents; domestically, XUNCE allied with TuringQ to deliver an integrated "Quantum + Token OS" hardware-software solution, and Tencent Hunyuan upgraded its open-source HPC-Ops inference operators to mitigate core engineering bottlenecks.

I. Industry Observations

On June 12, 2026, Hong Kong stocks opened higher and trended upward amid fluctuations. The Hang Seng Index (HSI) closed up 1.93% at 24,718.10 points, the Hang Seng TECH Index rose 1.06% to 4,705.20 points, and the Hang Seng China Enterprises Index (HSCEI) advanced 1.91% to 8,374.43 points. Total daily turnover stood at HKD 316.4 billion.

The AI and LLM supply chains exhibited divergent performances. MININGLAMP-W skyrocketed 21.2% as its edge Agent products achieved closed-loop commercialization, completing its full-matrix Agentic AI layout encompassing "model-platform-hardware." JD-SW rose 3.4% following the official release of the JD A2P2 protocol, which defines Agent payments and accelerates the enhancement of AI Agent commercialization infrastructure. ZHIPU AI gained 3.39%.

Conversely, MINIMAX-W plunged approximately 9%, with its share price halving within the month. In the semiconductor sector, CMOC Group surged 12.2%, stimulated by molybdenum concept plays after reports that SK Hynix is exploring replacing tungsten with molybdenum to enhance NAND performance; SMIC fell 2.3%, and Lenovo Group dropped 2.4%.

II. Market Performance of LLM Concept Stocks

Stock Code	Stock Name	Latest Price (HKD)	Change (%)
02718.HK	MININGLAMP-W	245	21.17%
02513.HK	KNOWLEDGE ATLAS	1,097.00	3.39%
09988.HK	BABA-W	110.2	2.61%
09888.HK	BIDU-SW	115.6	2.21%
00020.HK	SENSETIME-W	1.48	2.07%
00700.HK	TENCENT	463.6	1.40%
01024.HK	KUAISHOU-W	45.88	0.53%
03690.HK	MEITUAN-W	77.9	-0.26%
03317.HK	XUNCE	147.4	-4.16%
00100.HK	MINIMAX-W	396	-8.97%

Data Source: HKEX. For reference only, not investment advice. Data as of market close onJune 12, 2026.

III. Industry and Corporate Dynamics

1. Visa Partners with OpenAI to Integrate ChatGPT Shopping Payments, Exploring New Models for AI Agent-Initiated Transactions

Visa will partner with OpenAI to provide payment support for shopping transactions completed by users via ChatGPT and associated AI agents. Under the agreement, Visa will supply its payment network, security infrastructure, payment credential management, authorization, and fraud monitoring capabilities. Transactions initiated by AI agents will still need to adhere to user-preset permissions, including spending limits, approval thresholds, and other restrictions. Reports indicate that this collaboration falls under Visa's "Intelligent Commerce" initiative, signaling that payment institutions are accelerating the establishment of authorization, identity verification, and risk control mechanisms for AI agents participating in product search, purchasing decisions, and transaction execution.

2. XUNCE (03317.HK): Signs Strategic Cooperation Agreement with TuringQ to Co-Build "Quantum + Token Factory" Integrated Hardware-Software Solutions

On June 12, XUNCE signed a strategic cooperation agreement with TuringQ, utilizing the "Quantum + Token Factory" as its core framework to drive the deep integration of quantum technology with token industrialized production systems. The two parties will advance scenario innovations across sectors such as financial asset management, biomedicine, and power trading. They will jointly launch the "Quantum + Token OS" all-in-one appliance, leveraging quantum encryption to protect data security and vertical model intellectual property. Furthermore, they will establish a joint laboratory to explore cutting-edge directions, including quantum computing-empowered AI large models. XUNCE's Token OS has already constructed a data industrialization pipeline, while TuringQ provides hybrid computing power backed by its TuringQ Gen2 photonic quantum computer, forming a comprehensive synergy across computing power, security, and application scenarios.

3. Tencent Hunyuan AI Infra Announces New Open-Source Release: Comprehensive Upgrade to HPC-Ops Core Inference Operators

On June 11, according to Tencent Hunyuan's official WeChat account, to further satisfy the inference system's adaptability to dynamic business workloads and the core modules' demands for complex precision and high-performance fused operators, HPC-Ops rolled out a newly updated open-source release featuring five critical operators. On mainstream inference platforms, this upgrade effectively mitigates practical engineering bottlenecks such as Attention long-tail latency, VRAM transfer overhead, and cross-GPU communication, with multiple performance metrics significantly outperforming existing open-source baselines. HPC-Ops is an industrial-grade, high-performance underlying operator library for LLM inference, open-sourced and maintained long-term by the Tencent Hunyuan AI Infra team.

IV. Introduction to LLM Concept Stocks

Stock Name	Stock Code	Market Position	LLM Products & Business Profile
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.
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 dedicated to omni-modal Artificial General Intelligence (AGI)	The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.
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.
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.

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LLM MINIMAX-W MININGLAMP-W Knowledge Atlas