Express News | Shanghai: Support software enterprises in widely adopting Coding platforms

The Shanghai Municipal Commission of Economy and Informatization has issued the '15th Five-Year Plan for the Development of Shanghai’s Software and Information Services Industry.' It states that efforts will be made to advance the AI-enabled transformation of software products, accelerate intelligent upgrades in high-value scenarios such as industrial drafting, engineering design, and production scheduling, and enhance the intelligent perception, analysis, decision-making, and execution capabilities of software products. The plan also promotes intelligent technological transformation among software enterprises, supports their widespread adoption of Coding platforms, and aims to establish end-to-end, fully integrated intelligent R&D production lines. It further explores including expenditures on tokens, data governance, large model deployment, and retraining within the scope of eligible investments for enterprise technological transformation support.

BreakingsAug 11 17:00

PDD Holdings (PDD.US) launches 'Next-Day Delivery' service, entering the core segment of instant retail.

PDD Holdings (PDD.US) has launched a top-tier core entry point within its app labeled “Fastest Delivery Tomorrow,” covering high-frequency, essential categories such as fresh produce and daily necessities. This move signifies PDD Holdings’ direct entry into the on-demand retail core segment currently dominated by Meituan-W (03690.HK) and JD.com-SW (09618.HK). According to reports, unlike the previous approach—where the “Delivery Tomorrow” tag was dynamically displayed by algorithms only on product detail pages and search results—PDD Holdings has now elevated this service to a prime navigation slot on its homepage, placing it alongside the “Billion-Dollar Subsidy” program. Products accessible through the “Fastest Delivery Tomorrow” entry currently carry explicit time-bound delivery commitment labels.

AASTOCKSAug 11 12:31

Hong Kong Market Midday Commentary | All three major indices declined, with the Hang Seng Tech Index down 1.27%; tech and internet stocks fell, with Kuaishou and JD.com each dropping nearly 3%; biotech stocks rose, as GenScript Biotech surged over 8% and

Tech and internet stocks broadly declined, with Kuaishou-W down 2.80% and JD.com-SW falling 2.76%; gold mining stocks were mostly lower, with Zijin Mining dropping 3.51% and China Gold International down 2.55%; oil stocks rose across the board, with CNOOC up 3.76% and PetroChina advancing 2.04%.

Futu NewsAug 11 12:10

CICC: How much momentum does the rebound have left?

The bank observed left-tail signals in the Hong Kong equity market across multiple dimensions—including valuation, sentiment, and positioning—clearly indicating favorable risk-reward asymmetry and left-tail allocation value, particularly for absolute-return investors.

Zhitong FinanceAug 11 07:58

Franchise Operators Struggle as Meituan and Alibaba Densify Instant Neighborhood Depots

Individual investors pour savings into tight-knit networks of rapid-delivery stores that major platforms need for urban dominance, only to confront oversaturation, thin margins, and the steady pressure of daily survival.

TMTPost NewsAug 11 07:05

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