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

NewTimeSpace · 2026/07/08 17:22 · By Zeyu Wu

On July 8, Hong Kong stocks rallied strongly, with the AI and LLM supply chains erupting across the board. Alibaba surged over 12% on enterprise agent consolidation, while Kuaishou advanced nearly 9% following Kling AI's financing. Among LLM pure-plays, KNOWLEDGE ATLAS and MiniMax both skyrocketed over 12%, buoyed by long-term holding commitments from key shareholders. The semiconductor and hardware sectors strengthened concurrently, driven by Hua Hong's price target upgrade and Inspur's earnings beat. In industry news, MIIT announced China's core AI industry exceeded RMB 1.2 trillion in 2025; xAI officially rebranded as SpaceXAI post-merger; and Tencent hired former OpenAI researcher Yonglong Tian to bolster VLM development.

I. Industry Observations

On July 8, 2026, Hong Kong stocks closed with substantial gains. The Hang Seng Index (HSI) closed up 2.99% at 24,199.46 points, the Hang Seng TECH Index surged 4.97%, and the Hang Seng China Enterprises Index (HSCEI) advanced 4.04%. Total daily turnover reached HKD 375.835 billion, with Southbound trading recording a net inflow of HKD 14.2 billion.

The AI and LLM supply chains erupted across the board. Large-cap internet tech equities led the rally: Alibaba-W skyrocketed 12.2% on reports that it is consolidating its three enterprise-grade Agent products; Xiaomi Group-W surged 9.5% after officially announcing its new product line, SKYNOMAD; and KUAISHOU-W gained 8.7% as the successful financing of Kling AI lifted its valuation ceiling.

Among LLM concept stocks, KNOWLEDGE ATLAS soared 13.4% as nearly 70% of its cornerstone investors committed to long-term holdings despite the lock-up expiration window. MINIMAX-W surged 12.0% with its two largest shareholders expressing long-term optimism. SENSETIME-W skyrocketed 12.0% as Daxiao Robotics open-sourced its next-generation embodied foundation model, ACE-Brain-0.5.

The semiconductor and AI hardware sectors strengthened synchronously. SMIC rose 3.2%, and Hua Hong Semiconductor advanced 3.4% following a significant target price upgrade by Goldman Sachs. Huaqin Technology soared 18.8%, and Inspur Information's better-than-expected earnings validated the high prosperity of the AI server market. Kingdee International surged 15.0% on expectations of turning a profit in the first half of the year, driven by the rapid growth of its AI-native products.

II. Market Performance of LLM Concept Stocks

Stock Code	Stock Short Name	Closing Price (HKD)	Change
02513.HK	KNOWLEDGE ATLAS	1,825.00	13.35%
09988.HK	BABA-W	107.5	12.21%
00020.HK	SENSETIME-W	1.4	12.00%
00100.HK	MINIMAX-W	362.6	11.98%
01024.HK	KUAISHOU-W	43.98	8.70%
09888.HK	BIDU-SW	117.6	6.33%
00700.HK	TENCENT	478.8	3.82%
03690.HK	MEITUAN-W	80.9	3.25%
02718.HK	MININGLAMP-W	160.5	1.58%
03317.HK	XUNCE	109.7	0.83%

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

III. Industry and Corporate Dynamics

1. MIIT: Core AI Industry in China Surpassed RMB 1.2 Trillion in 2025; Annual Humanoid Robot Production Expected to Exceed 100,000 Units

On July 7, at the press conference for the 2026 World Artificial Intelligence Conference (WAIC) and the High-Level Meeting on Global AI Governance, officials from the Ministry of Industry and Information Technology (MIIT) stated that, according to estimates, the scale of China's core AI industry exceeded RMB 1.2 trillion in 2025. With the accelerated iteration of LLMs, AI agents, and AI chips, the annual production volume of complete humanoid robots this year is expected to exceed 100,000 units. To date, China has developed nearly 200 key standards in the AI field. Enterprises are actively embracing the open-source paradigm, with LLM download volumes ranking first globally and open-source communities like AtomGit gathering over 11 million registered users. The 2026 WAIC will be held in Shanghai from July 17 to 20, with an exhibition area exceeding 100,000 square meters for the first time and over 300 new AI products making their global debuts.

2. xAI Officially Renamed SpaceXAI, Synchronously Launching New Brand Identity

On July 7, Beijing time, Elon Musk's artificial intelligence company xAI was officially renamed SpaceXAI. The original xAI official account on the X platform has completed its username change and released a video showcasing the old logo folding and evolving into the new SpaceXAI emblem. This marks the official brand implementation following Musk's announcement in May to dissolve xAI's independent corporate identity and merge it into SpaceX. In February, SpaceX acquired xAI in an all-stock transaction, bringing the combined valuation to USD 1.25 trillion; in June, SpaceX completed a USD 75 billion IPO, achieving a valuation of approximately USD 1.77 trillion. IPO documents reveal that SpaceX allocated USD 12.7 billion to AI capital expenditures in 2025, a scale more than three times its combined spending on aerospace and connectivity operations.

3. Tencent: Former OpenAI Researcher Yonglong Tian Joins the Large Language Model Department to Participate in VLM R&D

On July 8, it was reported that former OpenAI researcher Yonglong Tian recently joined Tencent's Large Language Model Department to participate in the R&D of Vision-Language Models (VLMs). Tian received his bachelor's degree from Tsinghua University, pursued his master's at the Multimedia Laboratory (MMLab) of the Chinese University of Hong Kong, and earned his Ph.D. from the Massachusetts Institute of Technology (MIT) under the supervision of Phillip Isola. He is a core contributor to the open-source project SupContrast. Having previously worked at Google Research, Google DeepMind, and OpenAI, Tian holds nearly 30,000 citations on Google Scholar. Following Shunyu Yao's appointment as Tencent's Chief AI Scientist in September 2025, this marks another instance of the Tencent Hunyuan team recruiting top-tier talent directly from OpenAI's core research team.

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"	It 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.
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.
SENSETIME-W	00020.HK	A leading domestic provider of computer vision and generative AI infrastructure	Accelerating its transition towards Model-as-a-Service (MaaS) and generative AI services. The company has released and open-sourced the SenseNova U1 series, a native unified understanding and generation model, and the lightweight multimodal model SenseNova 6.7 Flash-Lite. Leveraging the computing reserves of its AI infrastructure (AIDC), it translates foundational computing power into omni-modal generation pipelines tailored for vertical industries such as automotive and healthcare.

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