Tencent Yuanbao has integrated with JD.com shopping, and Meituan is also undergoing gray-scale testing.
JD.com is the first e-commerce platform partner integrated with Yuanbao.
Zhitong HK Connect Active Trading | July 15
Hong Kong Stock Connect Active Trading | July 15, 2026
Express News | According to information disclosed by the Hong Kong Exchange, BlackRock reduced its stake in Meituan-W from 6.31% to 5.86% on July 9.
Hong Kong Market Close: Hang Seng Index Rises 1.4% to Hit New Rebound High, Biopharmaceutical Sector Surges
Southbound funds recorded a net purchase of HK$13.364 billion.
Hong Kong Market Midday Commentary | All three major indices rose by more than 1%; AI applications and tech stocks gained, with MINIMAX surging nearly 15%, Zhipu AI rising close to 9%, and Meituan climbing over 4%; biotechnology stocks performed strongly,
Multiple tech and internet stocks rose, with Meituan-W up 4.55% and Tencent up 3.38%; pharmaceutical stocks performed strongly, with Insilico Medicine up 12.91% and Genfleet Therapeutics-B up 12.81%; mobile gaming stocks gained ground, with Boyaa Interactive up 4.08% and Tanwan up 3.63%;
Hong Kong Stock Market Movement | Meituan-W (03690) Rises Over 6% Again, Up More Than 20% Month-to-Date; Citi Notes LongCat-2.0 Open Source Strengthens Competitive Moat
Meituan-W (03690) rose another 6%+, bringing its cumulative gain for the month to over 20%. As of this report, it was up 6.19% at HK$84.1, with a trading volume of HK$3.354 billion.
Fund Flows | Southbound capital recorded net purchases of nearly HK$11 billion in Hong Kong-listed stocks, significantly increasing positions in Zhipu AI, NetEase, and Kuaishou
Track the latest developments of southbound capital flows.
Zhitong Stock Connect Active Trading | July 14
Stock Connect Active Trading | July 14, 2026
Southbound trading via Stock Connect recorded a net inflow of HK$2.989 billion.
Southbound capital recorded net inflows into Zhipu AI (02513.HK), Yangtze Optical Fibre and Cable (06869.HK), and SMIC (00981.HK) of HK$2.989 billion, HK$602 million, and HK$553 million, respectively. Southbound capital recorded a net outflow from Kingboard Laminates Holdings (01888.HK) of HK$273 million. Under Shanghai-Hong Kong Stock Connect, the most actively traded stock with the highest net capital inflow was Zhipu AI (02513.HK) at HK$2.29 billion, while the stock with the highest net capital outflow was Xiaomi Group (01810.HK) at HK$426.2 million. Under Shenzhen-Hong Kong Stock Connect, the most actively traded stock with the highest net capital inflow was NetEase (0
Express News | Southbound funds recorded a net purchase of nearly HK$11 billion today, with Zhipu AI among the top net buyers.
Express News | Southbound funds recorded a substantial net purchase of RMB 10.997 billion today. Via Shanghai-HK Stock Connect, Zhipu and GigaDevice received net purchases of HKD 2.29 billion and HKD 810 million, respectively; Xiaomi Group-W led in net selling, with HKD
Establishing a National Quality Control Standard for 'Waima Chu Pin': Waima Songjiu and China National Food Industry Research Institute Co-construct a Proprietary Brand Assurance Base
As the alcoholic beverage retail sector advances toward high-quality development, consumers are placing increasing emphasis on product quality: they not only expect authenticity assurance throughout the distribution process but also demand that every bottle they consume be backed by rigorous, high-standard quality controls at the production source. On July 13, Meituan's Waima Liquor Delivery entered into a strategic partnership with the China National Research Institute of Food and Fermentation Industries (hereinafter referred to as "China Food Research Institute") to jointly establish the industry's first proprietary-brand quality assurance facility for on-demand liquor retail. Leveraging the China Food Research Institute's scientific research capabilities as a national-level institution, this collaboration extends quality control and authenticity verification from the distribution chain directly to the point of production, providing comprehensive quality assurance for Waima Liquor Delivery's proprietary-bra
Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down 1.42%; tech and internet stocks weakened, Baidu fell nearly 9%; PCB-related stocks and oil equities rose, with Kingboard Laminates up nearly 8% and Petro
Tech and internet stocks declined, with Baidu Group-SW down 8.84% and SenseTime-W down 5.26%; smartphone supply chain stocks broadly fell, with Hua Hong Hongli down 5.98%, while Kingboard Group rose 3.87%; oil stocks strengthened, with PetroChina up 3.35% and CNOOC up 2.34%;
AI video generation model company Aishu Technology has completed its Series C funding round, with Alibaba (09988.HK) participating as an investor.
AIsphere, an artificial intelligence company focused on large AI video generation models and their applications, announced today (the 14th) the completion of its Series C financing round, raising a total of RMB 2.98 billion. The proceeds will primarily be used to advance foundational video generation models, real-time world models, global product growth, and deployment in industrial scenarios. The Series C+ round was led by Alibaba-W (09988.HK), with participation from Lollapalooza Capital—the family office of Meituan-W (03690.HK) co-founder Wang Huiwen—as well as Ivy Capital, Huiyuan Capital, Zhongding Capital, and Han
Express News | According to information from the Hong Kong Exchange, BlackRock's stake in Meituan-W shares decreased from 6.26% to 5.94% on July 7.
The 'Self-Regulatory Covenant on Personal Information Protection for AI Agents' was released, with 31 companies signing as the first batch.
Sina Tech News, July 13 (midday): At the 'Forum on Netizen Rights and Personal Information Protection' during the 2026 China Internet Conference, the Self-Regulatory Covenant on Personal Information Protection for AI Agents was officially released, with 31 companies—including Tencent, Baidu, Meituan, and LianShang Group—among the first to sign it. According to the organizers, as a key self-regulatory covenant in the artificial intelligence industry, this agreement fills the gap in specialized norms for AI agents. By leveraging leading enterprises to set an exemplary standard, it aims to guide the AI industry toward standardized and healthy development, aligning with the '15th Five-Year Plan's requirements for safe and controllable artificial intelligence. At the event, Wei Ran, Chief Engineer of the China Academy of Information and Communications Technology, provided an interpretation of the covenant.
Express News | Ministry of Foreign Affairs: **** will attend the opening ceremony of the 2026 World Artificial Intelligence Conference and the High-Level Meeting on Global Governance of Artificial Intelligence and deliver a keynote speech.
Citi: Meituan (03690.HK) Open-Sourcing LongCat-2.0 Strengthens Competitive Moat
Citi published a report stating that Meituan-W (03690.HK) has officially open-sourced its trillion-parameter large language model, LongCat-2.0. The firm believes this strategic move will further solidify Meituan's leadership position in the local services market. The model’s advanced agentic architecture is expected to enhance internal R&D efficiency and attract external developers. The report notes that by leveraging its vast and proprietary offline transaction and operational data, Meituan can offer SME merchants unique AI-driven marketing solutions and business insights. Citi believes this will create a competitive moat, differentiating Meituan from other large language model providers and deepening its engagement with
Goldman Sachs: Chinese equities show 'rotation signals,' with A-share hard-tech stocks still favored and H-share internet firms seeing earnings recovery.
Goldman Sachs’ latest China strategy maintains its tactical preference for A-shares over H-shares and hard tech over soft tech, but has started paying attention to the recovery potential of large-cap H-share internet stocks following their valuation adjustments. The key to sustained H-share rebounds lies not in valuations but in earnings: losses from internet subsidies and AI-related capital expenditures continue to weigh on profits. China’s AI sector as a whole is not viewed as a bubble, though signs of localized overheating have emerged in semiconductors and certain A-share hard tech segments.
Meituan (03690.HK) responds to reports of large-scale layoffs, clarifying that fewer than 2,000 employees have actually left the company in the past two months.
Meituan (03690.HK) responded to media reports on layoffs, stating that fewer than 2,000 employees have actually left the company over the past two months, representing a small proportion of its total workforce. Earlier reports indicated that Meituan began conducting layoffs in early May, affecting multiple domestic business units, including Local Services Group Buying, Meituan Instant Shopping, Meituan Healthcare, and commercialization—the company’s core business segments.