Hong Kong AI Concept Stock Daily：Alibaba Announces HKD 80 Billion Hong Kong Share Placement into AI Capability Build-Out; AI Concept Themes Weaken Across the Board Today-20260824

NewTimeSpace · 2026/08/24 17:47 · By Boyuan Chen

On August 24, 2026, the technology theme pulled back sharply, and AI concept stocks weakened across the board today. The Hang Seng Index fell 1.89%, the Hang Seng TECH Index dropped 3.61%, and the Hang Seng China Enterprises Index fell 1.89%. The Hang Seng Index's full-day total market turnover was HKD 291.2 billion, with southbound funds recording a net inflow of HKD 11.567 billion.The smart-driving segment was mixed: WERIDE-W (00800.HK) rose 1.54% against the trend, ROBOSENSE (02498.HK) fell 14.52%, and HORIZONROBOT-W, BLACK SESAME, and PONY-W followed lower.

I. Market Overview

The large-model segment weakened collectively, with the "two frontrunners" plunging more than 10% — Z.AI (02513.HK) fell 10.81% and MINIMAX-W (00100.HK) fell 10.81%. ALIBABA-W, TENCENT, MEITUAN-W, BIDU-SW, and KUAISHOU-W followed lower.

The AI chip segment fell across the board, with ILUVATAR COREX (09903.HK) down 10.60% and MONTAGE TECHNOLOGY (06809.HK) down 8.09%; SMIC, HUA HONG GRACE, GIGADEVICE, and BIREN TECH followed lower.

The smart-driving segment was mixed: WERIDE-W (00800.HK) rose 1.54% against the trend, ROBOSENSE (02498.HK) fell 14.52%, and HORIZONROBOT-W, BLACK SESAME, and PONY-W followed lower.

In the embodied-intelligence segment, UBTECH ROBOTICS (09880.HK) fell 5.07% and XIAOMI-W (01810.HK) fell 4.14%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change(%)	Sector / Concept
00800.HK	WERIDE-W	16.450	1.54	Autonomous Driving
02026.HK	TENCENT	61.400	-0.24	Autonomous Driving
03690.HK	MEITUAN-W	82.700	-2.71	LLM
00700.HK	TENCENT	440.000	-3.72	LLM
09888.HK	BIDU-SW	89.700	-3.76	LLM
01024.HK	KUAISHOU-W	33.020	-4.07	LLM
01810.HK	XIAOMI-W	27.820	-4.14	Embodied AI
09660.HK	HORIZONROBOT-W	4.745	-4.53	Autonomous Driving
02533.HK	BLACK SESAME	10.380	-4.77	Autonomous Driving
09880.HK	UBTECH ROBOTICS	79.650	-5.07	Embodied AI
01347.HK	HUA HONG GRACE	108.800	-5.23	AI Chips
03986.HK	GIGADEVICE	471.000	-6.36	AI Chips
00981.HK	SMIC	66.750	-7.93	AI Chips
06082.HK	BIRENTECH	34.740	-7.95	AI Chips
06809.HK	MONTAGETECH	250.000	-8.09	AI Chips
09988.HK	BABA-SW	112.500	-8.54	LLM
00100.HK	MINIMAX-W	312.200	-10.08	LLM
09903.HK	ILUVATAR COREX	361.000	-10.60	AI Chips
02513.HK	Z.AI	1,007.000	-10.81	LLM
02498.HK	ROBOSENSE	17.900	-14.52	Autonomous Driving

Data Source: HKEX. For reference only, not investment advice. Data as of market close on August 24, 2026.

III. AI Industry & Corporate Developments

1. Alibaba Announces HKD 80 Billion Hong Kong Share Placement, with All Proceeds Invested in AI Capability Build-Out

On August 23, Alibaba Group Holding Limited announced its plan to place new shares with non-US persons outside the United States, with a total placement amount of HKD 80 billion. This is Alibaba's first launch of a new-share placement since its Hong Kong listing in 2019. The net proceeds from this placement will be 100% used to invest in full-stack AI capabilities, strengthen AI infrastructure build-out, and further consolidate Alibaba's leading position in the AI field.

2. Montage Technology's Retimer Chip Selected into PCI-SIG Vendor List

News on August 24: MONTAGE TECHNOLOGY announced today that its PCIe® 6.x/CXL® 3.x Retimer has passed the series of certifications by PCI-SIG®, the international PCIe interconnect standards organization, and has been officially listed in the PCI-SIG vendor directory. It is reported that the inclusion of MONTAGE TECHNOLOGY's Retimer chip in the PCI-SIG vendor directory will significantly simplify the procurement process for large OEMs and hyperscale data center operators.

3. Tesla, Waymo, Uber Approved to Launch Autonomous Ride-Hailing

On August 21, the Nevada Department of Motor Vehicles approved Tesla (TSLA.US), Waymo (under Alphabet-A / GOOGL.US), and Uber (UBER.US) to obtain operating permits for autonomous ride-hailing, allowing the three companies to provide paid Robotaxi services in Clark County, where Las Vegas is located. Among them, Tesla was permitted to deploy up to 5,000 Robotaxis, Waymo up to 1,000; Uber was also granted an operating permit for up to 1,000.

4. Nvidia Customers Have Received Notice of Over-15% Price Hikes on AI-Related Products

Market news on August 24: some of Nvidia's (NVDA.US) largest customers have been told that, due to surging memory chip costs, many servers equipped with Nvidia AI chips will see price increases of more than 15%. According to people familiar with the matter, this round of price hikes applies to systems to be delivered in early next year, and the affected systems include those equipped with the flagship Vera Rubin and Grace Blackwell chips.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
WERIDE-W	00800.HK	The world's only L4 cross-scenario autonomous driving platform holding permits across seven countries	Holds autonomous driving permits across China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US. Built upon the proprietary WeRide One platform, the company covers smart mobility, logistics, and sanitation across five core product lines: Robotaxis, Robobuses, Robosweepers, Robovans, and Advanced Driving Assistance Systems (ADAS). Operations cover over 30 cities across 11 countries, supported by an L4 fleet exceeding 1,500 vehicles.
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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