NewTimeSpace News: On June 4, Heng Pharmaceutical announced it has presented two advances in model-based drug development via poster presentations at the 2026 PAGE Conference.
On June 3, Hong Kong stocks closed lower as heavyweight tech stocks retreated, but AI hardware and LLM concept stocks bucked the trend, with ZHIPU AI and MINIMAX-W both posting gains. The sector's capitalization process is rapidly accelerating: ZHIPU AI and MINIMAX-W are concurrently advancing their A-share STAR Market IPO plans, while Kuaishou's Kling AI is raising Pre-IPO funds at a USD 18 billion valuation, targeting a 2027 Hong Kong listing. Additionally, reports indicate that Tencent's WeChat AI agent prototype has been elevated to the company's highest strategic priority, marking a dual acceleration in LLM commercialization and capital deployment.
On June 2, Hong Kong tech stocks exploded, with the Hang Seng TECH Index surging 4.72% as the AI and LLM sectors led the broader market rally. TENCENT soared over 10% fueled by WeChat AI assistant rumors and share buybacks, while MEITUAN-W and BABA-W also posted strong gains. In industry news, NVIDIA's Jensen Huang declared the arrival of the "Agentic AI" era and the company's official entry into the PC chip market; MININGLAMP-W was included in the Stock Connect; and MINIMAX-W launched its 1M-context model MiniMax M3 with highly competitive subscription pricing, further intensifying the commercialization race in the LLM sector.
NewTimeSpace (newtimespace.com) News, On June 1, 2026, Mininglamp Technology-W (2718.HK) was officially included as an eligible trading asset under the "Stock Connect" program. This means that qualified institutional and retail investors from Mainland China can now directly trade its shares through the Stock Connect channel. Mininglamp Technology-W (2718.HK) as the "first Agentic AI stock on HKEX,"，Choice data shows that as a prominent large model concept stock, Mininglamp Technology-W (2718.HK) has delivered a powerful performance, with its share price surging over 40% since May.
On June 1, Hong Kong stocks rallied alongside AI tech sectors, though LLM concept stocks diverged. MEITUAN-W and SENSETIME-W surged over 6%, while ZHIPU AI and MINIMAX-W retreated sharply. In other news, Meituan reported Q1 revenue growth but swung to a net loss, SenseTime launched an AI micro-drama base in Shanghai, and OpenAI is reportedly developing an AI smartphone to rival the iPhone.
On May 29, Hong Kong stocks trended higher, with Lenovo surging 22% on AI server optimism and Baidu leading LLM concept stocks. Globally, Anthropic's valuation hit USD 965 billion, surpassing OpenAI as it launched its new flagship model. Meanwhile, Meituan rolled out two major AI commercial products for on-demand retail, and Tencent introduced the Hy-Memory plugin for Agents, accelerating AI application deployment.
NewTimeSpace News: Innocare Pharma Limited (09969.HK) announced that the New Drug Application (NDA) for orelabrutinib, a Bruton’s Tyrosine Kinase (BTK) inhibitor, has been accepted by the Center for Drug Evaluation of the National Medical Products Administration (NMPA) for the treatment of immune thrombocytopenia (ITP). Currently, no BTK inhibitor has been approved for ITP treatment in China, and orelabrutinib is expected to become a preferred therapy in this field.
On May 28, Hong Kong stocks closed lower, but the AI and semiconductor sectors rallied. ZHIPU AI surged 13.54% to a new record high, while MININGLAMP-W secured a seven-day winning streak. Meanwhile, global top-tier LLMs achieved milestone breakthroughs in mathematical reasoning, Tencent Cloud launched its full-stack Agent products overseas, and Kuaishou's Kling AI reported Q1 revenue exceeding RMB 650 million.
NewTimeSpace News: Ocumension Therapeutics(01477.HK) announced that the first patient has been enrolled in the Phase III clinical trial of OT-802 (Pilocarpine Hydrochloride Eye Drops) conducted in China. Indicated for the treatment of presbyopia, the product adopts the same dual-chamber liquid formulation technology as OT-101. Preclinical studies have proven its rapid onset of action and high safety profile.
NewTimeSpace News: During the morning session on May 28, 2026, the three major Hong Kong stock indices continued to decline, while large model concept stocks bucked the trend and strengthened. As of 10:27 AM, Zhipu (2513.HK) rose by 3.02%, continuing to refresh its all-time high by reaching HK$1,467.00, while Mininglamp Technology-W (2718.HK) followed the upward trend.Since May, among the large model concept stocks, Zhipu and Mininglamp Technology-W have welcomed a powerful surge, with both stocks posting gains exceeding 50%, leading a crowd of related equities.
On May 27, Hong Kong stocks retreated, but AI and semiconductor sectors rallied. ZHIPU AI hit a record high, surpassing a HKD 650 billion market cap, while MINIMAX-W and MININGLAMP-W surged. Meanwhile, Xiaomi slashed its LLM API prices by 99%, and ZHIPU AI co-founded a new AI venture fund.
NewTimeSpace (newtimespace.com) News: On May 27, 2026, the Hang Seng Tech Index in the Hong Kong stock market continued to climb in morning trading, gaining 0.86% as of 10:15 AM. large model concept stocks had performed remarkabl since the beginning of May: Zhipu (2513.HK) rose over 60%, Mininglamp Technology-W (2718.HK) rose nearly 50%, and MINIMAX-W (0100.HK) gained over 15%.
The AI industrial chain continued to explode. Mininglamp Technology-W surged by 18.95%, Zhipu rose by 4.91%, while stocks such as Xunce, SenseTime-W, and baba-W followed the upward trend. Lenovo Group continued its sharp rally, rising 15.5% as the company's financial results significantly beat market expectations, with its full-year AI-related revenue doubling year-on-year. 51World continued to surge by 27.55% following the official launch of its embodied AI data platform, Aperdata.ai.
NewTimeSpace News: On May 26, 2026, Mininglamp Technology-W (2718.HK) closed with a sharp gain of 18.95% at HK$313.80, with its share price setting a new historical high since its listing.
From the explosion of API demand at the model layer for Zhipu and MiniMax, to the rapid rise in the proportion of generative AI for SenseTime, and further to Xunce and Mininglamp Technology validating their value in vertical data services and enterprise-level scenarios respectively, differentiation and acceleration constitute the most definitive narrative main line for the AI sector in 2026.
NewTimeSpace News, On May 26, 2026, the Hang Seng Tech Index in the Hong Kong stock market fluctuated and rose sharply in morning trading.As of 10:44 AM on May 26, 2026, the large model concept stock Mininglamp Technology-W (2718.HK) rose by 4.62%, leading the gains among Hong Kong-listed large model concept stocks. Meanwhile, Kuaishou-W (1024.HK) rose by 1.18%, SenseTime-W (0020.HK) rose by 0.63%, Zhipu (2513.HK) fell by 2.42%, and MINIMAX (0100.HK) fell by 7.87%.
