Daily Report on Hong Kong-Listed LLM Concept Stocks (June 16, 2026)

NewTimeSpace · 2026/06/16 17:38 · By Jiayi Sun

On June 16, Hong Kong stocks trended lower with large-cap tech equities collectively under pressure. However, the AI and semiconductor chains showed divergence: ZHIPU AI bucked the trend to close higher following the launch of its GLM-5.2 flagship model, while hardware stocks like Lenovo Group and Kingboard Laminates demonstrated strength. The LLM industry witnessed major breakthroughs: OpenRouter data revealed that global AI API call volumes rose for the eighth consecutive week, with Chinese models (including DeepSeek, MiniMax, and Tencent) sweeping the global top four. Furthermore, Alibaba launched its Qwen-Robot embodied AI series to build a universal foundation for robotics, while Tencent's Yuanbao integrated the 'ima' knowledge base to deepen its AI applications across over 20 vertical industries.

I. Industry Observations

On June 16, 2026, Hong Kong stocks fluctuated lower throughout the trading day. The Hang Seng Index (HSI) closed down 1.40% at 24,493.95 points, the Hang Seng TECH Index fell 2.24% to 4,658.65 points, and the Hang Seng China Enterprises Index (HSCEI) dropped 1.62% to 8,240.05 points. Total market turnover stood at HKD 249.885 billion, with Southbound trading recording a net inflow of HKD 3.463 billion.

The AI and semiconductor supply chains exhibited divergent performances. ZHIPU AI rose 1.17% following the launch of its latest generation flagship model, GLM-5.2, which is expected to strengthen its subscription pricing power. Lenovo Group advanced 4.3% as its server business accelerated its upward trajectory; IDC data indicated its global x86 server market share climbed to 8.8% in Q1, ranking second globally. Kingboard Laminates gained 7.1% as the fifth round of price hikes for electronic glass fabric this year took effect, extending the high prosperity of the PCB supply chain. Lead Intelligent Equipment surged 11.2% as its A-shares were included in the CSI 300 Index. Andre Juice skyrocketed 25.8% amid plans for a cross-sector acquisition of an integrated circuit materials enterprise.

Large-cap internet tech equities were collectively under pressure: TENCENT fell 2.65%, BABA-W dropped 2.10%, MEITUAN-W shed 3.77%, and KUAISHOU-W declined 3.89%.

II. Market Performance of LLM Concept Stocks

Stock Code	Stock Name	Latest Price (HKD)	Change (%)
02513.HK	KNOWLEDGE ATLAS	1,474.00	1.17%
00100.HK	MINIMAX-W	416.6	-1.70%
09988.HK	BABA-W	107	-2.10%
00700.HK	TENCENT	447.4	-2.65%
00020.HK	SENSETIME-W	1.45	-3.33%
09888.HK	BIDU-SW	110.7	-3.49%
03690.HK	MEITUAN-W	75.3	-3.77%
01024.HK	KUAISHOU-W	44.44	-3.89%
02718.HK	MININGLAMP-W	227	-5.65%
03317.HK	XUNCE	140.4	-7.08%

Data Source: HKEX. For reference only, not investment advice. Data as of market close onJune 16, 2026.

III. Industry and Corporate Dynamics

1. Global AI LLM Call Volumes Rise for Eighth Consecutive Week, with Chinese Models Sweeping the Top Four Spots

According to the latest data from OpenRouter, the total global API call volume for AI large language models reached 44.6 trillion tokens last week (June 8–June 14), representing a week-on-week increase of 23.5% and marking the eighth consecutive week of growth. Notably, Chinese AI models recorded a weekly call volume of 18.42 trillion tokens, up 29.81% week-on-week, surpassing the United States for the seventh consecutive week to secure the top global position. Concurrently, US models registered a weekly volume of 5.72 trillion tokens, reflecting a 78.75% week-on-week surge. Among the top five models globally by call volume, the top four were all Chinese models: DeepSeek-V4-Flash held the number one spot for the fourth consecutive week with 4.41 trillion tokens (+20%); MiniMax M3 climbed to second place with 4.32 trillion tokens (+73%); and Tencent's Hy3 preview ranked third with 4.14 trillion tokens (+41%).

2. Alibaba Unveils its First Embodied AI Large Model Series, Qwen-Robot

On June 16, Alibaba launched the Qwen-Robot series, an embodied AI large model extension of its Qianwen family, comprising three core models: the Vision-Language-Action (VLA) manipulation model Qwen-RobotManip, the Vision-Language-Navigation (VLN) mobility model Qwen-RobotNav, and the world model Qwen-RobotWorld. This marks the first comprehensive embodied AI model series within the Qianwen ecosystem. The three models effectively equip robots with dexterous "hands," navigating "feet," and a reasoning "brain." They can be deployed independently or operate in synergy, providing a reliable "universal foundation" to accelerate the real-world deployment of diverse robotic forms.

3. Tencent's Yuanbao Integrates “ima” Knowledge Base, Covering Over 20 Industries Including Finance, Law, Healthcare, and Education

On June 15, Tencent announced the integration of the ima knowledge base into its Yuanbao AI assistant. When conducting searches within Yuanbao, users can now directly invoke the massive repository of professional knowledge accumulated in the public ima database, thereby obtaining more precise and traceable AI-generated responses. Furthermore, by clicking on the source citation cards, users can navigate directly to the original ima documents and add them to their personal knowledge base with a single click. Currently, ima knowledge accounts cover more than 20 sectors—including finance, law, healthcare, and education—amassing a vast collection of professional documents, with its knowledge content having been applied over 140 million times.

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-5.2, 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.
MININGLAMP-W	02718.HK	LLM concept stock, dubbed the "First Agentic AI Stock in Hong Kong"	Its self-developed model cluster includes the DeepMiner LLM product line (underlying engine), models such as Mano/Cito, and the Cider inference acceleration framework. These are all interconnected by the Octo platform layer to serve as a human-Agent collaboration hub, ultimately delivered in the form of Agentic Services to empower the implementation of decision-making agents in industries like marketing and mass consumption. The company bypasses the "Scaling Up" route of monolithic LLMs, opting instead for a "Scaling Out" approach through the collaboration of multiple specialized small models, achieving precision that surpasses general models in vertical scenarios. Its core moats lie in granular scenario data, specialized models, and continuous learning, culminating in 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.

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LLM Knowledge Atlas MININGLAMP-W Tencent