Daily Report on Hong Kong-Listed LLM Concept Stocks (June 22, 2026)

Stock Code

Stock Name

Latest Price (HKD)

Change (%)

00100.HK

MINIMAX-W

616.5

23.89%

02513.HK

KNOWLEDGE ATLAS

2,410.00

15.09%

02718.HK

MININGLAMP-W

241.4

14.30%

03690.HK

MEITUAN-W

72

0.28%

00700.HK

TENCENT

433

-1.64%

09988.HK

BABA-W

102.9

-1.91%

00020.HK

SENSETIME-W

1.45

-2.03%

03317.HK

XUNCE

130.5

-2.61%

09888.HK

BIDU-SW

108.7

-2.69%

01024.HK

KUAISHOU-W

45.52

-3.64%

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.