At a Glance | Tencent to Report Q2 Earnings on Wednesday! Expected to Show 'Stable Revenue, Pressured Profits' as AI Investment Becomes Key Battleground

Tencent’s second-quarter results are highly likely to reflect a pattern of 'steady revenue but profit under pressure.' For investors, the key focus of this earnings report is not merely the net profit figure, but rather an assessment of whether AI investments represent pure expense consumption or have already generated tangible incremental returns for advertising, cloud, and enterprise services. If the business benefits enabled by AI continue to materialize, the short-term sacrifice in profitability will translate into medium- to long-term value; otherwise, the market will reassess its valuation framework.

Futu NewsAug 10 15:01

Industrial Securities: Who Is Buying Hong Kong Stocks?

Among the four categories of capital flows, southbound capital has been the primary driver increasing positions in Hong Kong-listed equities since July, while foreign capital began returning significantly from mid-July.

Zhitong FinanceAug 10 21:07

Zhitong Stock Connect Active Trading | August 10

Stock Connect Active Trading | August 10, 2026

Zhitong FinanceAug 10 19:00

Goldman Sachs previews Chinese internet giants' second-quarter earnings: Focus on cloud growth and AI-related capital expenditures; sector outlook remains constructive

Following their second-quarter earnings, shares of major U.S. cloud service providers reacted positively. After recent adjustments in Chinese internet stocks, the sector’s outlook is constructive, with sub-sector preferences ranked as follows: cloud and data centers (GDS Holdings, 21Vianet, Alibaba, Kingsoft Cloud), gaming and entertainment, e-commerce and mobility, and artificial intelligence models.

Zhitong FinanceAug 10 17:09

Express News | Chinese-developed large AI models maintain their position as the global leader in weekly token usage; the underlying index of E Fund’s Hang Seng Stock Connect Internet ETF (513040) rose nearly 2%.

BreakingsAug 10 18:28

Southbound Capital Flows | Southbound capital recorded net purchases of HK$2.021 billion; commercialization of large models reaches an inflection point, with southbound funds adding over HK$1 billion to MINIMAX (00100)

On August 10, southbound capital recorded a net purchase of HK$2.021 billion in the Hong Kong stock market. Specifically, Shanghai-Hong Kong Stock Connect saw a net purchase of HK$2.796 billion, while Shenzhen-Hong Kong Stock Connect recorded a net sale of HK$776 million.

Zhitong FinanceAug 10 17:48