There was HKD950.8 million, HKD344.4 million and HKD32 million Southbound Trading net inflow to SMIC (00981.HK), AKESO (09926.HK) and BABA-W (09988.HK).

There was HKD2.1 billion, HKD916.6 million and HKD716.4 million Southbound Trading net outflow from TENCENT (00700.HK), XIAOMI-W (01810.HK) and MEITUAN-W (03690.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, AKESO (09926.HK) was the most active stock with highest net inflow of HKD694.8 million, while TENCENT (00700.HK) was the most active stock with highest net outflow of HKD3.3 billion.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, TENCENT (00700.HK) was the most active stock with highest net inflow of HKD1.2 billion, while MEITUAN-W (03690.HK) was the most active stock with highest net outflow of HKD560.4 million.

At close, Southbound Trading net outflow totaled HKD0 , representing 40.62% of the total transaction amount of HKD151.84 billion.
~




AAStocks Financial News
Web Site: www.aastocks.com

Tencent Cloud announced that its intelligent agent development platform will axe the prices of the DeepSeek-V4 series models starting from 00:00 Beijing time on Wednesday (3rd), with the maximum price cut reaching 97.5%, so as to continuously lower user costs.

This adjustment only involves pricing changes, while the model service capabilities remain unchanged.
~

AASTOCKS Financial News
Website: www.aastocks.com

Unitree Robotics announced that cumulative production of a single humanoid robot model has reached approximately 11,000 units. The figure refers to one bipedal humanoid model and excludes other humanoid models or wheeled chassis humanoid robots.
~

AASTOCKS Financial News
Website: www.aastocks.com

Chinese Vice President Han Zheng met with UK Foreign Secretary Yvette Cooper in Beijing today (2nd).

Han said that the improvement and development of China-UK relations are in the interests of the peoples of both countries. Both sides should work together to shoulder responsibilities as major countries, strengthen strategic communication, consolidate the positive momentum in bilateral relations, continuously explore new opportunities, foster new growth drivers, and promote cultural exchanges and mutual understanding between the two peoples.

Cooper said the UK and China share extensive common interests and cooperation potential in areas such as trade and investment, artificial intelligence, green development, and addressing climate change. The UK is willing to work with China to implement the important consensus reached by the leaders of the two countries, carry out constructive dialogue and cooperation, and jointly tackle challenges.
~

AASTOCKS Financial News
Website: www.aastocks.com

BABA-W (09988.HK) underwent two major personnel changes in May, Chinese media reported, citing sources. Group CTO Wu Zeming has joined the Alibaba Partnership Committee, becoming the fifth member of the committee.

Meanwhile, Hema CEO Yan Xiaolei has changed her reporting line from Wu Zeming to directly report to Jiang Fan, who oversees the entire Alibaba commerce segment.

The Alibaba Partnership Committee is the company's highest decision-making body. The Alibaba commerce segment refers to all businesses related to merchandise.
~

AASTOCKS Financial News
Website: www.aastocks.com

In May, the combined online signings of primary and secondary residential properties in Shenzhen numbered 13,348 units, up 6% MoM and 28% YoY, data from Leyoujia Research Center showed.

On a residential basis, the total number of online signings for primary and secondary residential units in Shenzhen exceeded 10,000 units again after 14 months, reaching 10,077 units, up 28% MoM.

Analysis indicated that whether for first- or second-hand homes, it usually takes about one month from contract signing to final online registration filing, resulting in a lagged market response.

The continued effects of Shenzhen's "429" property policy are gradually emerging. In May, Shenzhen's property market charted both volume and price increases, with transaction volumes for luxury homes, upgrade demand and first-time buyer units all rebounding simultaneously.

Most projects in core districts and popular projects in non-core districts are entering a phase of stable volume and prices, while some less popular projects in non-core areas are still seeing price cuts to boost sales.
~

AASTOCKS Financial News
Website: www.aastocks.com

XPENG-W (09868.HK) has recently initiated an internal investigation into non-compete compliance by departed employees, Chinese media reported, citing sources.

The group's legal department has filed a labor arbitration case against a former employee for allegedly breaching non-compete obligations.

The company is seeking to require the individual to continue fulfilling the non-compete obligation, return compensation already received for the non-compete period, hand back proceeds from the sale of restricted shares, and pay liquidated damages, with total claims amounting to nearly RMB10 million.

The employee had signed a non-compete agreement with XPENG-W upon joining the company and, upon departure at the end of 2025, provided written confirmation to continue observing a one-year non-compete obligation.

Since the employee's departure, XPENG-W has been paying full monthly non-compete compensation. However, the individual reportedly joined a competing company shortly after leaving and continued to engage in related research and development work, allegedly constituting a serious breach of the agreement.
~

AASTOCKS Financial News
Website: www.aastocks.com

Against the backdrop of travel impact during the May Day holiday, Shanghai's second-hand residential (including commercial) property online registrations in May totaled 28,023 units, extending the high transaction trend seen over the past three months, as revealed by the data from the official website "Online Real Estate" of the Shanghai Real Estate Trading Center.

The transaction volume marked the highest level for the same period in nearly six years since 2021, second only to 30,500 units recorded in May 2020.

Industry analysts believed that Shanghai's property market has maintained the momentum of the "slight bloom", with the second-hand housing market shifting from a "price-for-volume" model to a new stage characterized by "stable volume and prices".

As supply in the primary market gradually recovers, the home-upgrading chain has become increasingly smooth. The market is generally optimistic about the transaction boost driven by developers' sprint toward their half-year results.
~

AASTOCKS Financial News
Website: www.aastocks.com

Speaking of the Middle East market, MEITUAN-W (03690.HK) Senior Vice President and CFO Chen Shaohui said that certain growth indicators have experienced some short-term jolts amid the current regional situation, yet such impacts have remained within a controllable range so far.

The group's long-term confidence in the Middle East market has not changed, the CFO accentuated. The company continues to regard the region as one of the most attractive instant delivery markets globally. At the moment, the market is still maintaining relatively fast growth, with industry penetration remaining at a low level and consumers demonstrating strong willingness to pay.

Even in the current challenging environment, MEITUAN-W clearly observes an accelerating trend of offline consumption shifting to online consumption. Consumer awareness and acceptance of quick commerce and instant delivery services continue to ascend, while overall online penetration of the industry is steadily increasing.

From a broader perspective, he noted that globalization has always been one of MEITUAN-W's long-term strategic goals. Responding to a complex geopolitical environment is also a critical capability that the company must continuously develop and enhance.

Going forward, MEITUAN-W will further fortify its platform risk management capabilities and build an organizational structure better suited to global operations. In the meantime, it will grow together with local partners and continue to create value for users, merchants and riders in local markets.
~

AASTOCKS Financial News
Website: www.aastocks.com

TENCENT (00700.HK) plans to launch an embedded AI agent for WeChat, Financial Times reported, citing people with the knowledge of the matter.

The company is testing a prototype AI agent that can assist users in completing tasks within mini programs, with plans to initiate the compliance review process required before public release as early as this month.

Spurred by the news, TENCENT's share price extended gains, once peaking at HKD463. It last stood at HKD462.8, up 6.15%, with a turnover of 22.0765 million shares, involving HKD9.945 billion.

TENCENT reportedly plans to first test the AI agent among a small group of external users before rolling it out in phases. As the time required for the compliance review process remains uncertain, the official launch date has yet to be determined.

TENCENT reportedly listed this AI feature as a top strategic development priority. Senior management is striving for perfection in all aspects of the AI agent, which could lead to prolonged testing and multiple rounds of revisions before the final release.
~

AASTOCKS Financial News
Website: www.aastocks.com

LIVZON PHARMA (01513.HK) announced that Livzon MAB, a controlling subsidiary of the Company, received the Acceptance Notice approved and issued by the National Medical Products Administration (NMPA).

The marketing authorization application for the domestically produced drug, Lecankitug Injection jointly developed by Livzon MAB and Beijing Xinkanghe, has been formally accepted by the NMPA.
~

AASTOCKS Financial News
Website: www.aastocks.com

MEITUAN-W (03690.HK) Chairman and CEO Wang Xing voiced his optimism about the long-term growth potential of China's catering market. Food delivery services are increasingly becoming an essential, high-frequency service in users’ daily lives. This structural shift in consumption habits will continue to drive further penetration for MEITUAN-W and provide momentum for the industry's long-term growth.

As service coverage continues to expand, MEITUAN-W is helping merchants reach and serve a broader consumer base, he added. In fact, the overall user base of the industry is still expanding. On one hand, food delivery services are further penetrating price-sensitive consumer segments; on the other hand, MEITUAN-W is enhancing its ability to serve users who demand higher quality and more diversified consumption experiences, thereby driving continuous expansion of its user base.

At the same time, leveraging new technologies such as AI to continuously improve efficiency and enhance user experience is also paramount to the development of the entire industry. These factors form the true foundation for healthy and sustainable growth of the sector, and they are the areas where MEITUAN-W will steadfastly continue to invest. The company remains confident in the industry's long-term growth potential. Achieving a sustainable, high-quality daily average of 100 million orders remains its long-term goal.
~

AASTOCKS Financial News
Website: www.aastocks.com

SIMCERE PHARMA (02096.HK) announced that the Group entered into an exclusive promotion service agreement with PrimeGenX Therapeutics in relation to Pumecitinib Gel.

Pursuant to the Agreement, the Group will obtain the exclusive promotion rights for Pumecitinib Gel for all dermatology indications in Mainland China, Hong Kong, and Macau. The New Drug Application (NDA) of Pumecitinib Gel for the indication of atopic dermatitis (AD) in adults and adolescents has been accepted for review by the Center for Drug Evaluation (CDE) of the National Medical Products Administration. This collaboration will further strengthen the Group’s product portfolio in the field of autoimmune diseases.
~

AASTOCKS Financial News
Website: www.aastocks.com

As overall industry subsidy competition gradually returns to rationality, peer competition is shifting back to the fundamentals of business, namely competition in operational efficiency and user experience, MEITUAN-W (03690.HK) Chairman and CEO Wang Xing remarked. With the guidance of relevant regulators, this trend is expected to further strengthen. Such a transition is more conducive to leveraging MEITUAN-W’s advantages, Wang opined.

The company is confident in maintaining industry-leading operational efficiency, which will provide solid support for its long-term competitiveness. The company believes that the long-term unit economics (UE) of its food delivery business will return to reasonable levels progressively.

Wang noted that if industry competition remains at the current rational level, supported by favorable seasonal factors, UE in 2Q26 is forecast to improve notably compared with 1Q26. The group will continue to closely monitor market changes and prudently adjust its operating strategies.

At this juncture, the company’s focus remains on maintaining market leadership while incessantly enhancing operational efficiency, not only improving its own efficiency but also helping merchants on the MEITUAN-W platform enhance their operating efficiency.

However, he said that the degree of improvement in the UE model in 2H26 will still depend to some extent on changes in the competitive environment. Compared with 2Q26, unit delivery costs per order in 3Q26 and 4Q26 are typically evidently higher.
~

AASTOCKS Financial News
Website: www.aastocks.com
~

AASTOCKS Financial News
Website: www.aastocks.com

KNOWLEDGE ATLAS (02513.HK) announced that at a board meeting held yesterday (1st), the company proposed to apply to relevant PRC regulatory authorities for the allotment and issuance of A shares, and to apply to the Shanghai Stock Exchange (SSE) for the listing and trading of such A shares on the STAR Market.

The proposed A-share issuance will account for between 2% and 8% of the company's total issued share capital upon completion of the proposed A-share issuance (excluding any A shares to be issued upon exercise of the over-allotment option), representing not less than 9.0988 million shares and not more than 38.769 million new A shares.

The proposed A-share issuance is subject to approval by shareholders by way of a special resolution at the annual general meeting, as well as approvals from the China Securities Regulatory Commission and the Shanghai Stock Exchange.

In addition, the company intends to change its English name from "Knowledge Atlas Technology Joint Stock Company Limited" to "Z.AI Co., Ltd", based on its actual operational needs.
~

AASTOCKS Financial News
Website: www.aastocks.com

Golden State Warriors star Stephen Curry signed a 10-year endorsement agreement with LI NING (02331.HK), ESPN reported, citing people familiar with the matter.

The contract covers basketball products, casual apparel and golf product lines. Curry will also be able to sign other athletes to join the brand.

Curry confirmed the partnership on social media.
~

AASTOCKS Financial News
Website: www.aastocks.com

UISEE TECH (01511.HK) announced that the Company and Chongqing Seres Phoenix Intelligent Innovation Technology jointly supported the successful mass production of the first overseas right-hand drive vehicle model of E5 Plus under the brand Landian of Seres at manufacturing facilities in Indonesia. In this project, the Company was responsible for the mass production development of the integrated driving and parking intelligent driving functions of the vehicle model.

This successful delivery marks another key milestone in the cooperation between the Company and Seres following the delivery of the intelligent driving system for Landian E5 Plus’ domestic and overseas left-hand drive vehicle models in November 2025, indicating the Company’s intelligent driving solutions for passenger vehicles can quickly adapt to road environments, driving habits and traffic regulations across different countries and regions, thereby fully demonstrating its ability to empower customers’ global expansion.

In the future, the Group will continue to deepen strategic cooperative partnerships with industry-leading enterprises, and accelerate the promotion and application of intelligent driving solutions for passenger vehicles worldwide.
~

AASTOCKS Financial News
Website: www.aastocks.com

There was HKD2.7 billion, HKD1 billion and HKD800.9 million Southbound Trading net inflow to AKESO (09926.HK), TENCENT (00700.HK) and POP MART (09992.HK).

There was HKD547.5 million, HKD208.3 million and HKD200.4 million Southbound Trading net outflow from LENOVO GROUP (00992.HK), KB LAMINATES (01888.HK) and HUA HONG SEMI (01347.HK).

For Southbound Trading of Shanghai-Hong Kong Stock Connect, AKESO (09926.HK) was the most active stock with highest net inflow of HKD1.7 billion, while XIAOMI-W (01810.HK) was the most active stock with highest net outflow of HKD352.6 million.

For Southbound Trading of Shenzhen-Hong Kong Stock Connect, AKESO (09926.HK) was the most active stock with highest net inflow of HKD1 billion, while BABA-W (09988.HK) was the most active stock with highest net outflow of HKD482.2 million.

At close, Southbound Trading net outflow totaled HKD0 , representing 40.15% of the total transaction amount of HKD132.86 billion.
~




AAStocks Financial News
Web Site: www.aastocks.com

LI AUTO-W (02015.HK) announced that it delivered 33,350 vehicles in May. As of May 31, 2026, the company's total historical deliveries numbered 1.7028 million units.

Since 1Q26, the company's deliveries have returned to a growth trajectory, regaining the top position among Chinese brands in the NEV market priced above RMB200,000, Li Xiang, Chairman and CEO of LI AUTO-W, said.

Li added that LI AUTO-W will hold a dedicated technology launch event in June so as to further demonstrate the company's advancements in embodied intelligence and its forward-looking strategy.

The all-new Li L8 will also be unveiled at the end of June. This five-seat flagship SUV will carry forward the strong product competitiveness of the new Li L9 and further consolidate the company's leading position in the high-end new energy SUV market.
~

AASTOCKS Financial News
Website: www.aastocks.com