BPMTUAN@EP2610A.P (23006) News

Meituan has successfully deployed China's first domestically developed trillion-parameter large AI model trained and inferred on a cluster of 50,000 domestic chips, completing the full domestic AI industrial chain.

Recently, Meituan officially launched its self-developed large language model LongCat-2.0—with a total of 1.6 trillion parameters—and announced that it will be open-sourced. Designed specifically for real-world Agentic Coding tasks, the model immediately attracted significant industry attention upon release. Prior to its official launch, a preview version of LongCat-2.0—released anonymously as Owl Alpha—was made available to global developers via the OpenRouter platform and longcat.ai, quickly rising to become one of the top three most-called large models worldwide on OpenRouter. I. The Model Is the Capability: Among the Top Globally by Usage Volume

Gelonghui FinanceJul 10 13:07

The dental industry exits its high-growth expansion phase: where will future growth momentum come from?

① As industry growth slows, China's dental sector is exiting its golden era of rapid expansion and entering a profound cyclical transformation; ② In today's age of information overload, how to ensure that 'high-quality institutions and skilled practitioners' gain genuine visibility has become a pressing challenge for the entire industry.

cls.cnJul 10 18:19

Tech and internet stocks continued their recent rebound, as Hong Kong-listed internet giants aggressively implemented AI initiatives, with the Hang Seng Tech Index trading near its lowest valuation in the past decade.

July 10 — Hong Kong-listed tech stocks continued their recent rebound. As of the time of writing, Xiaomi rose nearly 3%, JD.com gained over 3%, Alibaba Group Holding Limited increased by nearly 3%, Kuaishou Technology rose more than 2%, and Baidu, Inc. climbed nearly 2%.

Zhitong FinanceJul 10 13:48

Express News | Officially open-sourced: Meituan LongCat-2.0 simultaneously releases inference code compatible with domestic AI chips.

BreakingsJul 9 20:03

China's first professional ranking on oral health has been released, with Meituan collaborating with authoritative doctors and scholars to launch the 'Sinan Dental Ranking.'

Gelonghui, July 9 — Meituan officially launched the 2026 Sinan Dental Ranking in Shanghai, featuring 576 dental institutions and 367 dentists across 33 cities nationwide, covering ten major dental categories including pediatric early orthodontics, orthodontics, and dental implants. Reportedly, this is China’s first professional ranking of dental institutions and practitioners specifically focused on family oral health. Combining dual evaluation criteria of “medical professionalism” and “user reputation,” the ranking has established a diversified assessment framework and systematic evaluation methodology, led by nine academic professors and independently reviewed through cross-assessment by over 40 experts from public tertiary hospitals, while also incorporating insights from more than 50 million dental-related consumer reviews on the platform.

Gelonghui FinanceJul 9 17:32

Goldman Sachs makes a strong call: Go long on China's AI value chain

As investors pull capital out of South Korea’s two leading memory chip giants—the top performers globally this year—and seek alternative assets with more attractive valuations, the Chinese market is clearly standing out…

cls.cnJul 9 11:31

Alex Kwok: The broader market has further breached the 24,000-point level.

Vincent Kwok, Vice Chairman of the Hong Kong Society of Technical Analysts, stated that the broader market rebounded further yesterday (the 8th). The Hang Seng Index not only reached a new intramonth high but also successfully reclaimed the 20-day moving average (around the 23,770 level). The index opened slightly higher by 45 points at 23,541 in early trading. As selling pressure remained subdued and buying interest continued to gradually emerge, the market steadily advanced to 24,310 before encountering some resistance. At one point during the session, the index surged as much as 814 points and successfully crossed both the 20-day moving average and the 24,000 mark. Compared to this month’s low of 22,953 points recorded on the 2nd, the market has experienced significant intramonth volatility.

AASTOCKSJul 9 10:01

Express News | Ministry of Commerce and eight other departments: Promote the use of digital RMB in consumer voucher issuance, settlement, and related processes.

BreakingsJul 9 08:28

Hong Kong Market Compass | Hang Seng Index Reclaims 24,000 Mark on Elevated Volume, Diverging from Overseas Markets in Short-Term Trend

① The Hang Seng Index rebounded on elevated trading volume, reclaiming the 24,000-point level—into which sectors are investors channeling funds? ② Short-term price action diverges from overseas markets—what risks still warrant attention?

cls.cnJul 8 20:53

Fund Flows | Southbound capital aggressively bought Zhipu AI, exceeding HK$4.3 billion! Reduced holdings in YOFC for four consecutive days.

Track the latest developments of southbound capital flows.

Gelonghui FinanceJul 8 19:39

Zhito HK Connect Active Trading | July 8

Hong Kong Stock Connect Active Trading | July 8, 2026

Zhitong FinanceJul 8 19:00

Zhongtai Securities: The expansion of instant retail is generating channel-driven opportunities for alcoholic beverages; recommend focusing on leading companies with strong channel presence and brand power.

It is advisable to focus on leading beer companies with robust omnichannel operational capabilities and the ability to launch products tailored to immediate channel demands, which are well-positioned to benefit fully from the growing young consumer base and all-day consumption trends.

Zhitong FinanceJul 8 16:49

Hong Kong Market Close: Soaring Across the Board! Hang Seng Index Surges 700 Points, Reclaiming 24,000; AI Tech Stocks Rally Sharply

On July 8, Hong Kong stocks experienced a long-awaited surge, driven by a collective rally in heavyweight technology shares that propelled the broader market higher. The Hang Seng Tech Index rose nearly 6% intraday and closed up 4.97%. The Hang Seng Index and the Hang Seng China Enterprises Index advanced 2.99% and 4.04%, respectively, with the Hang Seng Index gaining over 700 points to reclaim the 24,000 level. In sector performance, Alibaba led gains among tech stocks, Xiaomi surged 9.5%, and Baidu climbed more than 6%. AI-related applications saw sharp increases, with Zhipu AI soaring as much as 20% intraday, while SenseTime and MiniMax jumped 12%. Mainland-listed bank stocks also contributed to the rally, led by Industrial and Commercial Bank of China, with China Construction Bank and China Galaxy Securities each rising nearly 6%.

Gelonghui FinanceJul 8 16:38

Hong Kong Market Close | Tech Index Surges Nearly 5% in a Single Day as Funds Flow Back into Tech Stocks

① Zhipu AI faced the expiration of its first batch of post-IPO lock-up shares—why did its share price not only avoid a correction but instead surge nearly 14% against the market trend? ② Amid the recent broad rally in tech and internet stocks, what major AI-related announcements did Meituan, Tencent, and Kuaishou each unveil?

cls.cnJul 8 16:29

Hong Kong Market Snapshot | All three major indices rose, with the Hang Seng Tech Index surging nearly 5%; tech and internet stocks performed strongly, Alibaba gained over 12%, and Xiaomi rose nearly 10%; AI application-related stocks strengthened, with Z

Tech and internet stocks rose across the board, with Alibaba-W up 12.21% and Xiaomi Group-W up 9.52%; shares in the smartphone supply chain strengthened, with Kingboard Group down 12.23% and Xiaomi Group-W up 9.52%; mobile gaming stocks also advanced collectively, with Kingsoft up 6.48% and Bilibili-W up 5.04%.

Futu NewsJul 8 16:22

ETF Market Movement | Hang Seng Tech Index extends gains by over 5% in the afternoon session as tech and internet stocks rally collectively; CSOP Hang Seng Tech ETF (520570.SH) closely tracks the Hang Seng Tech Index.

Recently, leading AI companies in the technology sector have been receiving continuous catalysts, and CSOP Hang Seng Tech ETF (520570.SH) closely tracks the Hang Seng Tech Index.

Zhitong FinanceJul 8 15:50

Smart glasses startup Even Realities has completed a funding round at a $1 billion valuation, with its founders—former Apple employees—betting that Shenzhen, not Silicon Valley, will produce 'the next Apple.'

Will Wang, CEO of Chinese smart glasses startup Even Realities, said that for startups developing consumer electronics, the opportunity to become the next Apple (AAPL.US) is greater in Shenzhen than in Silicon Valley. In an interview with CNBC on Wednesday (8th), Wang stated, “If we want to shape the future around consumer electronics—if we truly aim to build a company that could become the next Apple—we need to be at the heart of hardware manufacturing, and that is Shenzhen.” He noted that Shenzhen boasts a deep pool of engineering talent and supply chain dominance. The headquarters of this company

AASTOCKSJul 8 14:57

Breakthrough in AI commercialization boosts Hong Kong-listed tech stocks; Alibaba surges over 12%

① What breakthrough progress have Hong Kong-listed tech and internet stocks made in the field of AI? ② What underpins Alibaba's leadership in driving market gains, and what are its key strengths?

cls.cnJul 8 14:01

Hong Kong-listed tech stocks surged across the board, with the E Fund CSI Overseas China Internet ETF (513050) rising over 5% and the E Fund Hang Seng Tech ETF (513010) gaining more than 4%.

Gelonghui, July 8 | Hong Kong stocks continued to rise in the afternoon, with tech and internet shares surging across the board! Alibaba surged more than 11%, marking its largest intraday gain since September 2025, driving a 5.11% increase in the E Fund CSI Overseas China Internet ETF (513050) and a 4.23% gain in the E Fund Hang Seng Tech Index ETF (513010). On the news front, Pan Gongsheng, Governor of the People's Bank of China, stated yesterday at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum that China’s foreign exchange reserves will continue to increase their asset allocation in Hong Kong, injecting further momentum into the development of Hong Kong’s capital markets. Alibaba’s Q1 earnings report for fiscal year 2027

Gelonghui FinanceJul 8 13:39

Hong Kong-listed tech stocks surged across the board! Oversold conditions laid the foundation, AI-driven revaluation is the main theme, capital inflows provided the impetus, and supportive policies offered a floor.

Gelonghui, July 8 | Technology stocks in the Hong Kong market, which have shown a clear rebound recently, surged again collectively today, with the Hang Seng Tech Index rising by more than 3%. Among individual stocks, Lenovo gained over 8%, Kuaishou rose more than 6%, Baidu advanced 5%, Alibaba, Xiaomi, and NetEase climbed over 4%, Bilibili and Tencent increased by more than 3%, JD.com rose over 2%, and Meituan gained nearly 2%. According to analysis from Kouzi APP, an AI-powered financial investment assistant, the recent strong rebound in tech stocks stems from a confluence of four key factors: 'oversold conditions + AI-driven revaluation + capital inflows + policy support.' 1) Immediate catalyst: The密集 release of large AI models has transformed Hong Kong-listed tech companies from 'cost bearers' into 'beneficiaries.'

Gelonghui FinanceJul 8 11:21