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Kuaishou-W shares rose as its AI platform Keling surpassed 100 million global users on its second anniversary, with institutions noting that the 3.0 series models have further expanded the boundaries of AI narratives.
Kuaishou rose nearly 5% intraday to HK$46.4, with a trading volume of HK$397 million.
June 9 Share Buyback Roundup | Tencent and Wuxi Bio among companies conducting buybacks, with Tencent spending HK$500 million
According to a filing disclosed by the Hong Kong Exchange on June 10, Tencent (00700.HK), Wuxi Bio (02269.HK), and others repurchased shares. ① Tencent (00700.HK) repurchased 1.09 million ordinary shares on June 9, amounting to HK$500 million, with per-share repurchase prices ranging from HK$443.8 to HK$468.2. Since the adoption of the share repurchase mandate, the cumulative number of securities repurchased has reached 16.2331 million shares, representing 0.17803% of the issued share capital as of the date the ordinary resolution was passed. ② Wuxi Bio (02269.HK)
Kuaishou repurchased 960,000 shares on June 9 at a cost of approximately HK$42.884 million.
Kuaishou-W (01024) announced that on June 9, 2026, it repurchased 960,000 shares at a cost of approximately HK$42.884 million.
Daiwa: Visibility into AI monetization for Chinese tech stocks improves; prefers Tencent (0700.HK) among others
The bank's latest recommendation ranking is as follows: Tencent (00700), NetEase-S (09999), Baidu Group-SW (09888), Bilibili-W (09626), and Alibaba-W (09988).
The National Data Administration has released an implementation plan to advance the development of high-quality industry-specific datasets, aiming to empower the growth of artificial intelligence.
The National Data Administration released the 'Implementation Plan for Advancing the Development of High-Quality Industry-Specific Datasets' yesterday (the 8th), marking the first systematic national-level deployment aimed at empowering artificial intelligence development through data. By the end of 2028, the plan aims to establish a number of application-validated, high-quality industry datasets covering key sectors; create exemplary application scenarios driven by data to foster AI innovation; cultivate a group of innovative data enterprises and specialized talent with leading competitive advantages; and develop a suite of tools and standards for building high-quality industry datasets. A virtuous cycle—from data supply to value realization—will be largely established, enabling data to drive AI innovation and development.
June 8 Buyback Roundup | AIA, Tencent, and others announced share repurchases, with AIA spending HK$680 million.
According to a disclosure filed with the Hong Kong Exchange on June 9, AIA (01299.HK), Tencent (00700.HK), and others repurchased shares. ① AIA (01299.HK) repurchased 9.352 million ordinary shares on June 8, for a total consideration of HK$680 million, at prices ranging from HK$71.95 to HK$74 per share. Since the adoption of the share repurchase mandate, the company has cumulatively repurchased 72.1634 million securities, representing 0.6903% of the issued shares outstanding as of the date the ordinary resolution was passed. ② Tencent (00700.HK) on