# HKEX
Latest news and articles about HKEX
Total: 7 articles found
The Anthropic of the East: Deciphering the $60 Billion Valuation of China’s Zhipu AI
Zhipu AI's stock has surged 800% since its IPO, reaching a $60 billion valuation despite significant losses. Investors are betting on its transition from price-cutting to premium API pricing and its status as a leading domestic alternative to US-based frontier models like Anthropic's Claude.
Xiaomi’s Valuation Cliff: Institutional Investors Face 42% Loss as Stock Halves in Nine Months
Xiaomi's stock price has dropped 49.7% from its 2025 peak, resulting in a 792 billion HKD loss in market value. Institutional investors who participated in a 42.5 billion HKD private placement just a year ago are now facing a 42% loss on their investment.
Beyond Chatbots: China’s 51World Charts a $10 Trillion Path to the 'Physical AI Factory'
51World, a leader in digital twin technology, is transitioning from software sales to a 'Physical AI Factory' model to target a projected $10 trillion market. By integrating compute, software, and data, the company aims to become the primary infrastructure for training autonomous vehicles, humanoid robots, and drones.
The Vanishing Bridge: Prominent HKEX Economist Ba Shusong Caught in Beijing’s Opaque Dragnet
Ba Shusong, a leading economist and former HKEX executive who served as a critical link between Hong Kong and mainland markets, has reportedly been detained by Chinese authorities. His disappearance underscores the deepening reach of Beijing’s financial sector crackdown and the rising risks for high-profile intermediaries.
Meituan Warns of Deep 2025 Loss After Price War and Big Push Abroad
Meituan expects a heavy net loss for 2025 after its core local commerce arm swung from large operating profit to an operating loss, driven by intensified domestic competition and increased overseas and ecosystem investment. The reversal has unsettled investors and highlights the tough trade‑off between defending market share and preserving profitability in China’s on‑demand services market.
Dongfeng’s Lantu Cleared for Hong Kong Listing, Marking a Milestone for State‑Owned EVs
Lantu has secured all pre‑listing regulatory approvals and conditional HKEX consent to list in Hong Kong by way of introduction, following a CSRC filing valid from January 22. The listing is embedded in a two‑stage corporate restructure that will distribute Lantu shares to Dongfeng shareholders and privatize Dongfeng Group, positioning Lantu as a likely first centrally owned EV firm to list overseas.
Xiaomi Launches HK$2.5bn Automated Buyback and Will Cancel Repurchased Shares — A Vote of Confidence with Strategic Consequences
Xiaomi has set up an automated share repurchase programme worth up to HK$2.5 billion and will cancel the shares it buys back, a move management says signals confidence and protects shareholder value. The plan further trims the public float and strengthens per-share metrics, while prompting questions about the trade-off between buybacks and investment.