Tencent (00700.HK) reportedly undergoes personnel changes in its AI division, with Tian Yonglong appointed as head of Hunyuan multimodal.
Citing sources, Chinese media reported recent personnel changes within Tencent’s (00700.HK) AI sector. Tian Yonglong has joined the Office of the CEO/President, serving as “Head of Hunyuan Multimodal” and reporting directly to Yao Shunyu, who oversees Tencent’s large language models. Public records indicate that Tian earned his bachelor’s degree from Tsinghua University and completed his master’s studies at the Multimedia Laboratory (MMLab) of The Chinese University of Hong Kong, where he studied under SenseTime (00020.HK) founder Tang Xiao’ou and SenseTime Chief Scientist Wang Xiaogang. He subsequently pursued a Ph.D. in the Department of Electrical Engineering and Computer Science at the Massachusetts Institute of Technology (MIT).
On September 9, Tencent (00700) repurchased 231,000 shares for HK$100 million.
Tencent (00700) announced that on September 9, 2026, it repurchased 231,000 shares for HK$100 million. Additionally, 749 shares were issued following the exercise of share options under the 2023 Share Option Scheme adopted on May 17, 2023.
Zhitong Stock Connect Active Trades | September 9
Stock Connect Active Trades | September 9, 2026
CNOOC saw net inflows of HK$451 million via the Stock Connect.
Southbound capital recorded net inflows into CNOOC (00883.HK) and Tencent (00700.HK), amounting to HKD 451 million and HKD 266 million, respectively. Net outflows were observed in Zhipu (02513.HK), Kingboard Laminates (01888.HK), and MINIMAX-W (00100.HK), totaling HKD 387 million, HKD 292 million, and HKD 237 million, respectively. Among stocks eligible for the Shanghai-Hong Kong Stock Connect, Alibaba (09988.HK) saw the highest net inflow at HKD 438 million, while Yangtze Optical Fibre and Cable (06869.HK) experienced the highest net outflow at HKD 4
Southbound Capital Trends | Net Southbound Buying Reaches HK$3.72 Billion; Baidu (09888) Sees Strong Demand from Mainland Investors After Inclusion in Stock Connect; Southbound Capital Accumulates Over HK$1.7 Billion Throughout the Day
On September 9, net southbound buying in the Hong Kong stock market totaled HK$3.72 billion. Of this, the Shanghai-Hong Kong Stock Connect recorded net buying of HK$2.817 billion, while the Shenzhen-Hong Kong Stock Connect recorded net buying of HK$904 million.
DeepSeek accelerates its IPO on the STAR Market, with CITIC Securities likely serving as the sponsoring institution.
Industry insiders in the capital markets analyzed to Tencent Technology that, based on DeepSeek's current valuation of RMB 500 billion, the company's overall market capitalization is expected to range between RMB 1.5 trillion and RMB 2.5 trillion after its listing.
Anthropic Researcher Leaves AI Industry, Citing Fears That Uncontrolled AI Could Ultimately Destroy Humanity
Jacob Coxon, a pre-training researcher at Anthropic, announced his resignation on Tuesday (the 8th), deciding to exit the AI industry due to concerns that his company and its competitors are racing to develop uncontrollable AI systems. The 27-year-old Coxon, a researcher specializing in training new models by having AI systems absorb vast amounts of data, stated that he fears AI-like systems could spiral out of control and deteriorate continuously, ultimately leading to the destruction of humanity. He noted that he left OpenAI earlier this year to join Anthropic because the latter is known for prioritizing model safety. Coxon said,
Ministry of Foreign Affairs: As both China and the United States are major powers in artificial intelligence, they should strengthen cooperation and refrain from making false accusations and smearing China.
In response to allegations by U.S. security agencies that Chinese companies are distilling U.S. AI models, Mao Ning, spokesperson for the Ministry of Foreign Affairs, stated that China’s development in artificial intelligence is the result of high-level technological self-reliance and self-strengthening, as well as its consistent adherence to the principles of extensive consultation, joint contribution, shared benefits, and open cooperation. China has always maintained that all parties should strengthen cooperation to promote the open, inclusive, universally beneficial, and ethical development of AI, thereby serving the well-being of all humanity. Mao Ning expressed hope that the U.S. side would earnestly implement the important consensus reached by the heads of state of both countries and refrain from making false accusations and smearing China. As major powers in artificial intelligence, China and the United States should enhance their cooperation.
IPO News | Reports Indicate DeepSeek Has Engaged CITIC Securities to Prepare for STAR Market IPO, With Plans to Launch the Process This Year
On September 9, the WeChat official account "Unicorn Early Know" reported that Chinese artificial intelligence startup DeepSeek has engaged CITIC Securities to prepare for its initial public offering (IPO) on the STAR Market.
Express News | Shaoguan, Guangdong: Expand the scale of computing power infrastructure and facilitate China Unicom and Tencent to finalize a contract for an additional 50MW of computing capacity.
The "Plan for the Construction of Shaoguan's 'Bay Area Computing Valley' and High-Quality Development of the Computing Power Industry (Public Draft for Comments)" has been released for public consultation. It proposes expanding the scale of computing power infrastructure and building a diversified computing power system. The plan aims to accelerate the construction progress of ongoing and planned data center projects, with a focus on expediting projects by Tencent, VNET Group, and CUCC Data, while initiating construction for projects such as Qinhuai Data, China Telecom's Shaotang facility, and CICC Data. It seeks to expedite server deployment for the 250MW computing power project signed between VNET Group, China Unicom, and Tencent; urges China Unicom and Tencent to promptly sign an agreement to confirm an additional 50MW of computing capacity; and accelerates the implementation of the 200MW Shaotang computing power project awarded to China Telecom by Tencent. Furthermore, it encourages Tencent to accelerate the deployment of its self-use servers and continuously expand the number of ten-thousand-card clusters.
Monthly App Usage Tracking: Douyin’s Monthly Usage Time Surpasses WeChat for the First Time, ByteDance Ecosystem Dominates China’s Mobile Internet
Main pointsTikTok's monthly usage time has surpassed WeChat for the first time, with ByteDance apps dominating the landscape. In July 2026, TikTok's total monthly usage time (MTS) grew 29% year over
HK Stocks Midday Review | Tech Index down 0.58%, Baidu up over 3%, Meituan down nearly 3%; optical communication stocks strengthen, Lightelligence surges over 20%, Haiguangxinzheng rises over 10%; UDI Robot jumps nearly 160% on debut
Internet and technology stocks showed mixed performance, with Baidu Group-W rising 3.35% and Meituan-W falling 2.73%. Most restaurant stocks declined, with Haidilao dropping 9.49% and Cat屎 Coffee Holdings (Note: Assuming 'Cat屎' is a typo for 'Cat屎' or specific brand, but based on common knowledge '猫屎咖啡' is often translated as 'Kopi Luwak' or kept as brand name. However, strict instruction says no Chinese. Let's use the likely intended English brand if known, or transliterate. 'Mao Shi Coffee' or 'Kopi Luwak'. Given it's a holding company, likely 'Mao Shi Coffee Holdings' or similar. Let's stick to a safe transliteration or standard translation if available. Actually, '猫屎咖啡' is commonly known as Kopi Luwak, but as a brand name in HK/China markets, it might be listed under a specific name. Without a specific guideline for this one, I will use 'Mao Shi Coffee Holdings' or check if there is an official English name. A quick mental check suggests it might be 'Kopi Luwak' but let's use Pinyin for safety if no offic
Share Buyback Roundup on September 8 | Tencent, Xiaomi Group-W, and others conducted share buybacks, with Tencent spending HKD 100 million
According to documents disclosed by the Hong Kong Exchange on September 9, companies including $Tencent (00700.HK)$ and $Xiaomi Group-W (01810.HK)$ have repurchased shares. ① $Tencent (00700.HK)$ repurchased 230,000 ordinary shares on September 8, involving an amount of HK$100 million, with a repurchase price per share ranging from HK$435.2 to HK$439.6. Since the resolution on the repurchase mandate was passed, the cumulative number of securities repurchased is 44.3827 million shares, accounting for 0.48676% of the number of issued shares at the time the ordinary resolution was passed. ② $Xiaomi Group-W (01810.
Hong Kong Stock Market Watch: Bilibili-W (09626) opens nearly 3% higher; plans to issue $700 million in convertible senior notes, a move expected to immediately alleviate selling pressure on Tencent's stake.
Bilibili-W (09626) opened nearly 3% higher. As of press time, the stock was up 2.74% at HK$127.4, with trading volume reaching HK$6.0464 million.
Leadership change in Tencent's Hunyuan team: Former OpenAI researcher Tian Yonglong appointed head of Hunyuan multimodal, reporting to Yao Shunyu
Gelonghui, September 9 – According to The Paper, former OpenAI researcher Tian Yonglong has joined Tencent’s CEO/President Office as the Head of Hunyuan Multimodal, reporting directly to Yao Shunyu, head of Tencent’s large language model initiatives.
Zhitong Analysis of Stock Connect Holdings in Hong Kong | September 9
Analysis of Stock Connect Holdings in Hong Kong | September 8, 2026
HK Stock Exchange Announcements Highlights | Longyuan Power's Photovoltaic Generation Rose by Approximately 20% Year-on-Year in the First Eight Months; Jiangbolong Repurchased Over RMB 400 Million Worth of A-Shares in a Single Day
① Longyuan Power's photovoltaic generation increased by approximately 20% year-on-year in the first eight months; how did its other business segments perform? ② Jiangbolong repurchased over RMB 400 million worth of A-shares in a single day; what are the key takeaways?
Zhitong Stock Connect Active Trades | September 8
Stock Connect Active Trades | September 8, 2026
On September 8, Tencent (00700.HK) repurchased 230,000 shares for HK$100 million.
Gelonghui, September 8 – Tencent (00700.HK) announced that on September 8, 2026, it repurchased 230,000 shares for HK$100 million, at a repurchase price of HK$435.2–439.6 per share.
Reportedly, the combined issuance of Chinese "dim sum bonds" and "panda bonds" reached RMB 1 trillion this year, setting a new record high.
According to calculations by the Financial Times, the issuance volume in China’s “dim sum bond” and “panda bond” markets has reached RMB 1 trillion (approximately USD 149 billion) year-to-date, surpassing last year’s full-year total, which itself was a record high. Borrowers can raise RMB-denominated debt offshore through the so-called “dim sum bond” market, or onshore within mainland China through the “panda bond” market. This year, companies such as Tencent (00700.HK) have issued dim sum bonds with tenors of 10 years and 30 years. In late August, UBS Group made its debut in the panda bond market by issuing five-year panda