HSTENCT@EP2612A.P (14186) News

Chart Preview | Earnings Season Begins for Chinese Tech Stocks! Tencent and JD.com Report First, Facing Dual Challenges of AI and Profitability

In August, with earnings releases from major tech and internet giants such as Tencent, JD.com, Alibaba, and Meituan, market focus on China’s internet leaders has shifted from whether they would continue facing headwinds to whether they could further validate a recovery in profitability. Institutions expect further divergence in performance among large internet platforms, with AI revenue growth, profit margins, and capital expenditures emerging as key focal points.

Futu NewsAug 7 18:10

Coolita Lance La Première Alliance Des Médias FAST D'Indonésie En Collaboration Avec Les Principaux Diffuseurs

PR NewswireAug 7 22:37

Express News | Vitalik: MiniMax H3 is the first open-source video model to surpass HunyuanVideo 1.5

BreakingsAug 7 21:13

Major tech firms are 'concentrating their forces' to capture entry points, suddenly crowding the AI-powered office productivity space.

① Major tech firms are concentrating resources to secure entry points, marking the end of fragmented, trial-and-error ‘horse-race’ approaches in AI-powered office solutions; ② The competitive landscape extends beyond major players, with ‘real-world business scenario delivery capability’ emerging as a critical differentiator; ③ AI-driven office applications are accelerating demand across the supply chain, directly benefiting upstream providers of inference chips, servers, and high-speed storage—though compute demand per office task remains limited, resulting in steady, gradual growth rather than an immediate surge.

cls.cnAug 7 20:33

Zhitong Stock Connect Active Trading | August 7

Stock Connect Active Trading | August 7, 2026

Zhitong FinanceAug 7 19:00

Mainland-Hong Kong Stock Connect recorded a net inflow of HK$2.226 billion into MINIMAX-W.

Southbound capital recorded net inflows into MINIMAX-W (00100.HK), Kingboard Laminates (01888.HK), and GigaDevice (03986.HK), amounting to HK$2.226 billion, HK$634 million, and HK$429 million, respectively. Net outflows were observed from Tencent (00700.HK), Alibaba (09988.HK), and Yangtze Optical Fibre and Cable (YOFC) (06869.HK), totaling HK$2.188 billion, HK$1.684 billion, and HK$359.2 million, respectively. The most active stock by net inflow under Shanghai-Hong Kong Stock Connect was MINIMAX-W (00100.

AASTOCKSAug 7 18:25

Thryve.Earth Announces First Corporate Offtake Commitments to Restore 6,000 Hectares in Sulawesi, Indonesia

PR NewswireAug 7 18:23

Southbound Capital Flows | Southbound capital recorded a net sell-off of HK$778 million; continued accumulation of MINIMAX (00100) with combined purchases over two days exceeding HK$4.9 billion

On August 7, southbound capital recorded a net selling of HK$778 million in the Hong Kong stock market. Of this, Stock Connect (Shanghai) reported a net buying of HK$571 million, while Stock Connect (Shenzhen) reported a net selling of HK$1.349 billion.

Zhitong FinanceAug 7 17:48

Express News | Southbound funds recorded a net selling of nearly HK$800 million today, with Tencent leading the sell-offs.

BreakingsAug 7 17:40

Express News | Southbound funds recorded a net selling of RMB 778 million today. Via Shanghai-HK Stock Connect, Tencent and Alibaba registered net sellings of HKD 9.05 billion and HKD 7.01 billion, respectively; the top net buying amounted to HKD 13.22 billion. Via Shen

BreakingsAug 7 17:31

Express News | Unitree Technology is set to list on the A-share market, and the Guozheng Robotics Industry Index has a high 'Unitree concept exposure.' The E Fund Robotics ETF (159530) has seen net inflows for four consecutive trading days.

BreakingsAug 7 17:19

The Cyberspace Administration of China stated that large-scale personal information handlers shall adopt security measures such as encryption and must not excessively collect data.

The Cyberspace Administration of China (CAC) released the 'Provisions on Personal Information Protection by Large-Scale Personal Information Handlers (Draft for Public Comments),' which states that large-scale personal information handlers shall adopt measures such as encryption, de-identification, access control, and anonymization to safeguard the security of the personal information they process. They may utilize the national public service for online identity authentication and are encouraged to apply data tagging technologies and obtain personal information protection certifications to enhance their level of personal information protection. Furthermore, when processing personal information, large-scale personal information handlers shall adhere to the principles of lawfulness, fairness, necessity, and good faith; comply with laws and administrative regulations; and respect social morality and ethics. Large-scale personal information handlers collecting

AASTOCKSAug 7 17:12

Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 0.78%; large-model-related stocks performed strongly, Zhipu AI surged nearly 15%, and MINIMAX gained almost 10%; PCB-related stocks advanced, with T.T. Board Holdings rising

Technology and internet stocks declined across the board, with SenseTime Group down 3.95% and NetEase up 1.08%; pharmaceutical stocks rose collectively, led by Pharmaron advancing 12.07% and Insilico Medicine up 10.88%; semiconductor stocks gained, with GigaDevice rising 6.80% and Tianshu Zhixin up 6.31%;

Futu NewsAug 7 16:25

Volcengine has launched the Seedance 2.5 API service, supporting direct generation of 30-second videos.

Volcengine, a subsidiary of ByteDance, announced the official launch of its Seedance 2.5 API service. Compared to Seedance 2.0, Seedance 2.5 delivers significant improvements in instruction following, long-form narrative generation, human-like realism, and audiovisual quality. The model natively supports direct generation of 30-second videos and can reference up to 50 full-modality assets, offering more precise and stable editing capabilities while supporting over ten languages. The output quality of Seedance 2.5 brings these foundational video elements close to cinematic-grade standards for long-form storytelling, unlocking broader commercial applications such as creative advertising and industrial simulation.

AASTOCKSAug 7 16:14

Coolita Launches Indonesia's First FAST Media Alliance With Leading Broadcasters

PR NewswireAug 7 16:12

Short-selling positions in Tencent and Alibaba have plunged by over 80% from their peak, as short sellers in the Hong Kong stock market aggressively closed out their positions.

① What recent trends have emerged in the short-selling data for Tencent and Alibaba? ② How does China Securities Industry Co., Ltd. assess the current rebound in the Hong Kong stock market?

cls.cnAug 7 13:43

Tencent's Second-Quarter Net Profit Likely Rose 5.2% -- Earnings Preview

WSJAug 7 11:18

Lyon: Expects Tencent's domestic gaming revenue to resume double-digit growth in Q2, with commercial services revenue accelerating to over 20%

Maintain the 'Highly Confident Outperform' rating with a target price of HK$740 unchanged.

Zhitong FinanceAug 7 09:35

ByteDance is reportedly planning to train a large AI model with over 5 trillion parameters.

Chinese media, citing sources, reported that ByteDance is currently discussing the development of a model with over 5 trillion parameters—surpassing Alibaba’s Qwen 3.8-Max (2.4 trillion parameters) and Moonshot AI’s K3 (2.8 trillion parameters)—making it the largest-parameter model known to date in China. The plan remains in its early stages, and the model may not ultimately be released. It is understood that the new model will be led by Xiang Liang, head of Seed Foundation, in collaboration with Shen Ke, who oversees pre-training data for large language models. To this end, Seed is currently reorganizing its structure, clarifying responsibilities, and allocating resources. Seed team

AASTOCKSAug 7 09:12

Express News | Where to Put Your Spare Change? Tracking the Yield on Wealth Management Products

BreakingsAug 7 09:04