Hong Kong AI Concept Stock Daily: Twin large-model titans lead gains, Unitree IPO pricing draws heavyweight subscriptions-20260807

NewTimeSpace · 2026/08/07 17:09 · By Boyuan Chen

On 7 August, Hong Kong stocks opened lower and closed higher, with the Hang Seng TECH Index up 0.78%. The twin large-model titans Z.AI surged 14.6% and MINIMAX-W jumped 9.8%, having once accumulated gains of over 30% within two days of joining the Connect; DeepSeek announced a comprehensive increase in API prices, accelerating the convergence of low-price competition in the industry. The AI hardware chain extended its strength, with Goldman Sachs sharply raising its AI server PCB market forecast and GIGADEVICE receiving a RMB 466 million holding increase from Ge Weidong. On the news front, Unitree's IPO was priced at RMB 150.8 per share with DeepSeek and Tencent participating in the strategic placement; Alibaba's Wan 3.0 entered public beta; Zhang Yiming set an internal tone for ByteDance Seed to strictly prohibit distillation; and Meta admitted its AI model intruded into another company during testing, bringing the AI security topic back into focus.

I. Market Overview

On 7 August 2026, Hong Kong stocks opened lower and closed higher. The Hang Seng Index rose 0.54% to 25,668.03 points, the Hang Seng TECH Index rose 0.78% and the Hang Seng China Enterprises Index rose 0.39%. Total daily turnover was HKD 259.686 billion, up from the previous trading day, with southbound capital recording a net sell of HKD 778 million. For the week, the Hang Seng Index fell 0.84% cumulatively while the Hang Seng TECH Index rose 0.6%.

The twin large-model titans climbed again. Z.AI surged 14.6% and MINIMAX-W jumped 9.8%, having once accumulated gains of over 30% within two days of joining the Stock Connect, with southbound investors snapping up nearly HKD 2.7 billion on the first day and ARR showing a stepwise jump. DeepSeek recently announced plans to comprehensively raise API service prices in the near term, which institutions noted signals an accelerated convergence of the industry's low-price competition phase, opening room for upward revision of API pricing benchmarks across model vendors.

The AI hardware chain continued its strength. Goldman Sachs sharply raised its forecasts for the AI server PCB and CCL markets, expecting the AI server PCB market to reach USD 37.5 billion in 2027 (up 38%), with a compound growth rate of 148% during 2026-2028; DELTON rose 10.9%, VGT rose 10.9% and CFMEE rose 8.0%. In AI chips, GIGADEVICE rose 6.8%, with Mr. Ge Weidong and his spouse increasing their holdings by approximately RMB 466 million while firmly bullish on AI; HUA HONG GRACE rose 3.3% and SMIC rose 2.4%; ZJ INNOLIGHT plunged 3.6% in the afternoon session. LENOVO GROUP surged 8.3%, with Morgan Stanley expecting its AI infrastructure solutions business to drive a year-on-year doubling of adjusted net profit.

In intelligent driving, Nasen Technology, dubbed the "first HK-listed wire-controlled chassis stock", surged 64.1% on its debut, with its products having entered the supply chains of Changan, Li Auto and Chery; HORIZONROBOT-W fell 2.9%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change	Sector / Concept
02513.HK	Z.AI	1246.00	14.63	LLM
00100.HK	MINIMAX-W	326.40	9.83	LLM
03986.HK	GIGADEVICE	528.00	6.80	AI Chips
09903.HK	ILUVATAR COREX	478.40	6.31	AI Chips
06082.HK	BIREN TECH	40.02	5.93	AI Chips
09880.HK	UBTECH ROBOTICS	90.00	3.75	Embodied AI
01347.HK	HUA HONG GRACE	141.20	3.29	AI Chips
06809.HK	MONTAGE TECH	269.20	3.14	AI Chips
02498.HK	ROBOSENSE	23.70	2.86	Autonomous Driving
00981.HK	SMIC	66.90	2.37	AI Chips
02533.HK	BLACK SESAME	11.89	2.24	Autonomous Driving
02026.HK	PONY-W	61.25	2.17	Autonomous Driving
00800.HK	WERIDE-W	15.60	1.30	Autonomous Driving
01810.HK	XIAOMI-W	27.06	0.74	Embodied AI
03690.HK	MEITUAN-W	92.20	0.00	LLM
00700.HK	TENCENT	478.80	-0.08	LLM
01024.HK	KUAISHOU-W	44.18	-0.14	LLM
09888.HK	BIDU-SW	106.80	-0.28	LLM
09988.HK	ALIBABA-W	123.80	-0.48	LLM
09660.HK	HORIZONROBOT-W	5.00	-2.91	Autonomous Driving

Data Source: HKEX. For reference only, not investment advice. Data as of market close onAugust 7, 2026.

III. AI Industry & Corporate Developments

1. Unitree IPO priced at RMB 150.8 per share; DeepSeek and Tencent to participate in strategic placement

On 6 August, Unitree (688836.SH), dubbed the "first humanoid robot stock", announced that the IPO issue price on the STAR Market has been set at RMB 150.8 per share, with online subscription on 10 August, expected total proceeds of approximately RMB 6.099 billion, an issue market capitalisation of approximately RMB 61 billion and an issue P/E ratio of 219.23 times. The Company also disclosed the strategic placement list: DeepSeek intends to subscribe up to RMB 155 million, Qishan Investment, a Tencent-affiliated entity, intends to subscribe RMB 150 million, with the National Social Security Fund, CSG Investment, Tianyi Capital and CITIC Securities Investment also participating. From acceptance of its application to listing committee approval took only 73 days, setting the fastest review record on the STAR Market this year.

2. Alibaba's video generation model Wan 3.0 enters public beta, first supporting document format input

On 6 August, Alibaba (09988.HK) launched public beta of its video generation large model Wan 3.0, with comprehensive upgrades in generation duration, versatile creation, omnipotent reference and real-world restoration: it can generate 30-second videos in a single session; beyond the four basic modalities of text, image, audio and video, it for the first time supports document format inputs including doc, xls, ppt, pdf and md, allowing structured content such as courseware and product presentations to be directly converted into videos. API pricing is RMB 0.3, 0.6 and 1.2 per second for 480P, 720P and 1080P respectively.

3. Zhang Yiming sets internal tone: ByteDance Seed adheres to long-termism, strictly prohibits distillation

According to reports on 6 August, ByteDance founder Zhang Yiming emphasised at an internal meeting that ByteDance Seed's AI R&D will adhere to long-termism and an independent route, not relying on external model outputs to enhance its own capabilities, and is willing to sacrifice short-term gains for long-term technical goals rather than pursuing leaderboard rankings. ByteDance strictly prohibits distillation of open-source models internally and has strengthened restrictions through API detection and other measures. Anthropic had previously accused multiple companies of distilling its models, a list that did not include ByteDance's Seed series.

4. Major vendors' Agent products iterate intensively: Tencent Cloud launches Agent Memory 2.0.0, Youdao's LobsterAI grants points

On 6 August, Tencent Cloud announced the release of Agent Memory 2.0.0, with a comprehensively upgraded Team Memory that extends long-term memory capabilities from individuals to team collaboration scenarios, allowing code knowledge, project documents and historical conversations to be accumulated as team long-term memory and shared across different Agents. On the same day, Youdao's office Agent LobsterAI announced that users logging in from now until 20 August receive 5,000 points; LobsterAI is the first 100% open-source desktop-level Agent from a major domestic vendor.

5. Meta admits its AI model intruded into another company during testing

On 5 August, Meta stated that one of its AI models intruded into another company during a cybersecurity test: an operational error by the test partner caused the model to unexpectedly gain internet access, which it then used to exploit security vulnerabilities in a third-party service to intrude into and tamper with the target company's internal systems, with related investigations ongoing. Anthropic had previously admitted that some of its models intruded into three companies, and OpenAI has disclosed similar issues, with cybersecurity risks posed by advanced AI systems continuing to attract global attention.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
Z.AI	02513.HK	A leading player in China's independent LLM sector	Has launched its flagship next-gen model GLM-5.2, achieving open-source SOTA performance in coding and agentic capabilities. In partnership with Huawei, it open-sourced the multimodal image model GLM-Image. Focusing on novel model architectures, universal reinforcement learning paradigms, and autonomous model evolution, its business model closely aligns with enterprise AI productivity adoption.
MINIMAX-W	00100.HK	A top-tier player dedicated to omni-modal 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.
GIGADEVICE	03986.HK	Platform semiconductor leader spanning memory, MCUs, analog ICs, and sensors	Offers complete product categories including memory (NOR Flash, DRAM), microcontrollers (GD32 MCU), analog ICs, and sensors. Focuses on deep integration between AI and end applications across embodied AI, data centers/servers, industrial energy, and automotive. In March 2026, its DRAM procurement quota with CXMT surged from RMB 1.182 billion to RMB 5.711 billion. In July, it partnered strategically with Neusoft Reach to empower the smart vehicle sector.
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).
BIRENTECH	06082.HK	China's pure-play leader in high-end general-purpose GPU (GPGPU)	Founded in 2019 and listed on the HKEX in January 2026 as the “first GPU stock in Hong Kong”, the company focuses on GPGPU chip R&D and sales, competing head‑to‑head with NVIDIA in data‑center grade AI training and inference GPUs. It has launched the BR106 and BR110 core chips and the BR166 chip co‑packaged via Chiplet technology, offering a complete solution encompassing GPGPU hardware and the BIRENSUPA software platform. Its products have been deployed across multiple domestic AI computing clusters, with the next‑generation BR20X chip planned for 2026.

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