The Hang Seng Index closed up 435 points. JD.com surged 10%, while JD Logistics skyrocketed 23%.

The Hong Kong stock market performed well, driven by technology stocks. The Hang Seng Index opened 37 points higher and extended its gains, rising by 485 points at one point to reach an intraday high of 25,806 points. It closed up 435 points, or 1.7%, at 25,757 points. The China Enterprises Index rose 176 points, or 2.1%, to close at 8,628 points, while the Hang Seng Tech Index gained 151 points, or 3.2%, closing at 4,947 points. Total turnover for the day amounted to HKD 292.766 billion. Following their earnings announcements, JD.com (09618.HK) surged 10% to close at HKD 106.60, while JD Logistics (02618.HK) soared 23% to close at HKD 12.63, becoming the top performer on the blue-chip board.

AASTOCKSMar 6 16:31

Express News | According to the Director of the National Development and Reform Commission, by the end of the 15th Five-Year Plan, the scale of industries related to artificial intelligence will grow to over 10 trillion yuan.

BreakingsMar 6 15:13

Hong Kong Stock Movement | Meitu (01357) rose nearly 8% in early trading as institutions noted that AI could amplify the scale and structural advantages of leading editing platforms.

Meitu (01357) surged nearly 8% during the morning session. As of the time of writing, it was up 6.95%, trading at HKD 5.54 with a turnover of HKD 266 million.

Zhitong FinanceMar 6 10:42

a16z published another article arguing that the conclusion of 'models devouring applications' is not reasonable.

Since 2026, the argument that 'models are devouring applications' has continued to gain traction, causing consecutive declines in U.S.-listed SaaS tools such as Salesforce. Market panic has also spread to imaging and design software companies like Adobe, Figma, and Meitu. On March 2, the investment firm a16z team published a new article stating that the conclusion that AI is consuming vertical application software is fundamentally unreasonable. On the contrary, the software industry will become one of the biggest beneficiaries of AI. a16z pointed out that the current market's concern about application software lies in the fact that the boundaries of foundational models will gradually expand to cover various vertical applications; enterprises will develop internal tools based on model capabilities.

Gelonghui FinanceMar 5 10:28

Meitu (1357.HK): Why Meitu Won't Be Consumed by Large-Scale Models?

This report focuses on the competitive barriers and development trends of traditional image editing products against the backdrop of boundary expansion in large AI models. We believe that generative AI has not altered users' core demands for controllable outcomes and stable quality in image editing; its primary role is

Huatai SecuritiesMar 4 00:00

E-commerce AI video solutions have been upgraded, and Meitu Design Studio will integrate Seedance 2.0.

Sina Tech News, March 2nd, by reporter [Name Omitted]: Recently, Meitu Design Studio, under Meitu, officially announced its upcoming integration with the video creation model Seedance 2.0, further expanding its capabilities in the field of e-commerce video content creation. As an AI design tool tailored for the e-commerce industry, Meitu Design Studio demonstrates a deep understanding of e-commerce scenarios and possesses mature commercialization capabilities. According to official sources, after integrating with Seedance 2.0, Meitu Design Studio will provide e-commerce merchants with a one-stop video creation experience, achieving a closed-loop process for video content that spans product display, feature explanations, scenario integration, and conversion-driven recommendations. No real-person appearances are required, nor...

Sina TechnologyMar 2 10:20