Hong Kong AI Concept Stock Daily (July 31, 2026)

NewTimeSpace · 2026/07/31 17:36 · By Zeyu Wu

On July 31, 2026, The Hang Seng Index edged up 0.10%, the Hang Seng Tech Index rose 0.53%, while the Hang Seng China Enterprises Index dipped 0.38%. The large-model sector rallied broadly. Zhipu (02513.HK) surged as much as over 28% in early trading, while MINIMAX-W (00100.HK) gained more than 13% after MiniMax officially launched its new multimodal generation model, MiniMax H3, and announced that it would be open-sourced in the near future – marking the company's first open-source multimodal generation model.

I. Market Overview

On July 31, 2026, Hong Kong stocks traded in a narrow range. The Hang Seng Index edged up 0.10%, the Hang Seng Tech Index rose 0.53%, while the Hang Seng China Enterprises Index dipped 0.38%. Total turnover on the Hang Seng Index reached HKD 328.2 billion, up from the previous trading day. Southbound capital recorded a net outflow of HKD 481 million.

The large-model sector rallied broadly. Zhipu (02513.HK) surged as much as over 28% in early trading, while MINIMAX-W (00100.HK) gained more than 13% after MiniMax officially launched its new multimodal generation model, MiniMax H3, and announced that it would be open-sourced in the near future – marking the company's first open-source multimodal generation model.

The AI chip and hardware segment advanced across the board, following a sharp rebound in U.S. semiconductor and chip stocks overnight. Tianshu Zhixin (09903.HK) rose 12.84%, Biren Technology (06082.HK) gained 11.20%, with GigaDevice and Montage Technology among other names tracking higher.

The autonomous driving direction showed diverging performance. Suteng Innovation (02498.HK) rose nearly 8%, while Horizon Robotics-W (09660.HK) turned from gains to losses.

In the embodied intelligence space, robotics-related concept stocks strengthened across the board. On the news front, Unitree Technology announced that its subscription period would commence on August 10, with planned fundraising of approximately RMB 4.2 billion, boosting sentiment in the sector. UBTECH (09880.HK) rose nearly 5%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change	Sector / Concept
02513.HK	Z.AI	987.500	14.56	LLM
00100.HK	MINIMAX-W	230.600	13.15	LLM
09903.HK	ILUVATAR COREX	425.400	12.84	AI Chips
06082.HK	BIRENTECH	31.180	11.20	AI Chips
02498.HK	ROBOSENSE	23.820	7.98	Autonomous Driving
03986.HK	GIGADEVICE	459.000	7.19	AI Chips
06809.HK	MONTAGETECH	269.000	7.00	AI Chips
02533.HK	BLACK SESAME	11.810	5.35	Autonomous Driving
09880.HK	UBTECH ROBOTICS	81.550	4.95	Embodied AI
09988.HK	BABA-SW	117.000	4.65	LLM
02026.HK	PONY-W	62.300	4.62	Autonomous Driving
09888.HK	BIDU-SW	105.900	3.72	LLM
00800.HK	WERIDE-W	15.330	2.40	Autonomous Driving
01347.HK	HUA HONG GRACE	128.300	2.23	AI Chips
00981.HK	SMIC	63.250	2.02	AI Chips
01024.HK	KUAISHOU-W	43.700	1.77	LLM
00700.HK	TENCENT	475.200	0.72	LLM
03690.HK	MEITUAN-W	92.500	-0.16	LLM
09660.HK	HORIZONROBOT-W	5.170	-0.96	Autonomous Driving
01810.HK	XIAOMI-W	28.780	-7.28	Embodied AI

Data Source: HKEX. For reference only, not investment advice. Data as of market close onJuly 31, 2026.

III. AI Industry & Corporate Developments

1. DeepMind announces a new AI model designed for robots

On the evening of July 30, Google DeepMind published a blog post announcing a brand-new AI model designed for robots, claiming it can enable humanoid robots to coordinate whole-body movements. The new model, named Gemini Robotics 2, allows robots to perform actions such as walking, squatting, and manipulating objects while executing tasks, and to complete tasks autonomously by integrating reasoning capabilities.

2. Xiaomi unveils Kunlun technology architecture; new Pengcheng vehicle series expected to go on sale in September

On the evening of July 30, Xiaomi Auto held a technology launch for the Pengcheng series, unveiling its Kunlun technology architecture and opening pre-orders for the Pengcheng N70 Max and N90 Max. Xiaomi Auto disclosed that the Kunlun architecture began R&D in early 2023, a process that took approximately three and a half years. As of June 30, the Pengcheng series had invested a cumulative total of 566 test vehicles, conducted 626 days of road testing, accumulated over 4.28 million kilometres of real-world testing mileage, endured two winters and two summers, and completed special tests including structural durability, powertrain durability, and extreme environmental conditions.

3. Montage Technology takes lead in trial production of CXL 3.2 memory expansion controller

On July 31, Montage Technology announced that it has taken the industry lead in trial production of its CXL® 3.2 Memory Expansion Controller (MXC) chip. The product is designed to address memory expansion and resource pooling needs in AI, cloud computing, data centres, and other scenarios, aiming to help customers build larger-capacity, more highly utilised, and more flexible memory infrastructure through CXL technology.

4. Unitree Technology to commence subscription on August 10, raising approximately RMB 4.2 billion

On the evening of July 30, Unitree Technology disclosed its prospectus, offering arrangements, and preliminary inquiry announcement. The company plans to publicly issue 40,446,434 shares, representing 10% of its total share capital after issuance. The preliminary inquiry date is set for August 5, with both offline and online subscription dates on August 10. The offering is expected to raise approximately RMB 4.2 billion, corresponding to a valuation of around RMB 42 billion.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
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.
XIAOMI-W	01810.HK	Full-stack AI technology giant anchored by the "Human x Car x Home" ecosystem	Its foundational model family MiMo has entered the top tier of global open-source models; MiMo-V2-Pro features over 1 trillion parameters, while MiMo-V2.5-Pro tied for 1st globally among open-source models with a score of 54 on the Artificial Analysis composite index. AI capabilities fully power the "Human x Car x Home" ecosystem, driving iterative upgrades in the CyberOne humanoid and CyberDog bionic quadrupeds. Multimodal computer vision, force-control algorithms, and automated dispatch logics are deeply integrated into dark-factory production and flexible manufacturing.
ILUVATAR COREX	09903.HK	Domestic general-purpose GPU pioneer & builder of full-scenario AI compute bases	Established in 2015, it is among the earliest domestic vendors to achieve mass production of general-purpose GPUs. Product lines cover training, inference, and edge computing across the Tiangai, Zhikai, and Tongyang series. In July 2026, it launched its next-gen flagship Tiangai 300 at WAIC, matching the Nvidia Hopper architecture. As of late 2025, it served 340+ clients across 30+ industries, generating core GPGPU revenue of ~RMB 923 million (+149.6% YoY).
HORIZONROBOT-W	09660.HK	China's leading intelligent driving computing solution provider and full‑stack vehicle intelligence enabler	Founded in 2015, it offers ADAS and high‑level autonomous driving solutions. Core products include the Journey-series in-car AI chips (cumulative shipments exceeding 10 million units), the HSD full‑scenario urban driving solution, and the "Starry 6P" cockpit‑driving integrated vehicle intelligence chip. In 2025, it held a 47.7% market share in domestic ADAS for independent brands, with full‑year revenue of RMB 3.758 billion, up 57.7% YoY.
Z.AI	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.

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