HUMOBVI@EC2606A

Megvii Receives Notice of Conversion, To Issue About 474.6 Million Shares

East China Securities Gives Buy Rating to Mobvista with Valuation of 4.98 Billion USD

MomoTech Reports Strong Q3 Earnings, Adjusted Net Profit Up 167%

Mobvista Reports Q3 Net Loss of $54.533 Million, Revenue Up 27.6%

Mobvista Reports Strong Q3 2025 Financial Performance

MOBVISTA released FY2025 9 Months earnings on November 21 After-Market (BJT), actual revenue HKD 11.47 B, actual EPS HKD -0.1141

MOBVISTA released FY2025 Q3 earnings on November 21 After-Market (BJT), actual revenue HKD 4.137 B, actual EPS HKD -0.2778

Mintegral Reports Q3 Revenue Growth but Turns Loss

MOBVISTA FY2025 Q3 Earnings Release on November 21 After-Market BJT

Mintegral Maintains BBB ESG Rating

Gozoo International Upgrades Expectations for Mobvista and Maintains Buy Rating

Mintegral Shareholder Fang Zikai's Holding Decreased to 0.19%

MOBVISTA released FY2025 Q2 earnings on August 29 After-Market (BJT), actual revenue HKD 3.913 B, actual EPS HKD 0.0563

MOBVISTA released FY2025 Semi-Annual earnings on August 29 After-Market (BJT), actual revenue HKD 7.331 B, actual EPS HKD 0.1641

Mintegral Platform Revenue Up 48.6% in Mobvista's Interim Earnings Report

Mintegral Reports Significant Growth in Revenue and Profit for the First Half of 2025

MOBVISTA to Release FY2025 Semi-Annual Earnings on August 29, 2025 (BJT)

Mintegral's Parent Company Anticipates Significant Increase in Net Profit for the First Half of 2025

Sandwich Lab AI Completes First Round of Funding for R&D and Market Expansion

Mintegral Continues to Rank on Fortune's Top 500 in Southeast Asia for Two Years

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

DTCR

IDGT

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Mintegral, a prominent programmatic advertising platform, unveiled its "2026 Global Non-Gaming App Trends Report" in collaboration with Insightrackr. This report, derived from aggregated data from Mintegral's worldwide network and Insightrackr's advertising intelligence, encompasses 100+ markets spanning January to December 2025. The study delves into non-gaming app trends on a global scale, offering valuable insights into the industry landscape.

Unusual Whales

Global X Data Center & Dgtl Infrs ETF

iShares US Digital Infrastructure and Real Estate ETF

Proshares Big Data Refiners ETF

ChinaAMC CSI Cultural Entertainment Media ETF

MOBVISTA

Guotai CSI Movies Theme ETF

Penghua CSI Media ETF

Franklin Exponential Data ETF

Vimeo

Tianhong CSI Computer Theme ETF

SPDR S&P Software

iShares Expanded Tech Software Sector ETF

Global X Cloud Computing ETF

Mintegral and Insightrackr report on 2026 Non-Gaming App Trends: Highlighting AI, drama video, and ROI-driven ads.

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Hong Kong's AI application sector experienced a significant boost in the afternoon trading session. According to Jin10, Zhihusaw a remarkable increase of over 25%. Other notable performers included Kingsoft Cloudand MINIMAX-WP, both rising by more than 10%. Additionally, China Literature, Mobvista, and Minglue Technologyalso followed the upward trend.

CoinLive

MININGLAMP-W

KINGSOFT CLOUD

CHINA LIT

MINIMAX-WP

ZHIHU-W

Hong Kong AI Application Stocks Surge in Afternoon Trading

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In the past hour, the Hong Kong stock market has shown a clear divergence, with some individual stocks standing out. Technology stocks and small-cap stocks have experienced significant volatility, with funds seemingly frequently switching between these sectors, leading to an increase in short-term activity. Meanwhile, the number of pressured stocks is also on the rise, reflecting the complexity of market sentiment. Overall, the market pace is relatively fast, with increased volatility in the short term, requiring investors to remain vigilant. The stock with the largest movement in the past hour, SV VISION, saw a decline of 17.00%, attracting market attention. This stock experienced sharp fluctuations in the morning session, with noticeable capital outflows and a subdued short-term sentiment, seemingly dragged down by the overall market mood. 

Strong stocks:
1. PAK TAK INT'L: Up 16.67%, recently performing well with significant capital inflow and high market sentiment.
2. DRINDA: Up 12.25%, with active short-term funds, seemingly driven by favorable industry news.
3. Other stocks like MOBVISTA also showed some resilience, despite a decline of 10.87%, as there were attempts to bottom-fish during the session, indicating some buying support.

Pressured stocks:
1. KINGDEE INT'L: Down 15.09%, with low market sentiment and intensified capital outflows, lacking rebound momentum in the short term.
2. MOBVISTA: Despite a significant decline, there was a slight rebound during the session, showing some interest from investors.
3. The sharp drop of SV VISION has sparked widespread discussion in the market, and it may face greater pressure in the short term

HK Stock Movers Tracker

SV VISION

PAK TAK INT'L

KINGDEE INT'L

DRINDA

Hong Kong Stock Movement Update: PAK TAK INT'L up 16.67%, DRINDA up over 12%, SV VISION down 17%

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The enterprise internal legal AI tool launched by AI startup Anthropic has led to a collective decline in SaaS and software stocks. KINGDEE INT'L fell 14% to HKD 10.9, with a transaction volume of HKD 585 million. MEITU dropped 10.99%, Zhongruan International fell 5.1%, and MOBVISTA decreased by 8.65%. Other related stocks such as Kingsoft Cloud, Mingyuan Cloud, and Weimob also experienced varying degrees of decline

AASTOCKS

MEITU

Anthropic launches internal legal AI tools; SaaS and software stocks collectively decline, KINGDEE INT'L drops 14%

MOBVISTA fell 10.87%; China Literature Group fell 4.33%, with a transaction volume of HKD 55.08 million; Qutoutiao fell 3.79%, with a transaction volume of HKD 15.6 million; Jihong Co., Ltd. fell 1.85%, with a transaction volume of HKD 2.86 million; Xinhua Wenhui fell 0.65%, with a market value of HKD 13.2 billion

Hong Kong stock movement: MOBVISTA fell 10.87%, with no significant news but showing volatility. What is causing such market sentiment?

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The market overview of Hong Kong stocks in the past hour shows a clear divergence in market sentiment, with some stocks performing actively while others are under pressure. The strong rise of PAK TAK INT'L attracted significant capital inflow, with an increase of 12.96%, indicating a rise in short-term enthusiasm. Meanwhile, stocks like GLORY FLAME and FINSOFT FIN experienced significant declines, suggesting that capital is choosing to withdraw from these stocks, resulting in increased overall volatility and a faster market pace. The standout performer in the past hour was PAK TAK INT'L, which rose by 12.96%, attracting a large number of buyers in a short time, reflecting the market's optimistic expectations for its future development. The rapid inflow of funds made the stock's performance particularly strong, boosting the activity of related sectors. 

Strong stocks:
1. PAK TAK INT'L: Up 12.96%, with active short-term capital involvement and high market sentiment.
2. Other stocks show no significant strong performance.

Stocks under pressure:
1. GLORY FLAME: Down 11.54%, with obvious capital outflow and low market sentiment.
2. FINSOFT FIN: Down 11.43%, with continuous withdrawal of short-term funds and significant pressure.
3. MOBVISTA: Down 11.42%, with increasing market concerns about its prospects and more selling pressure.
4. MEITU: Down 10.29%, lacking positive news in the short term, leading to insufficient investor confidence

GLORY FLAME

FINSOFT FIN

Hong Kong Stock Movement Quick Report: PAK TAK INT'L surged 12.96%, GLORY FLAME fell over 11% attracting attention

Mobvista Inc. (HKG:1860) is estimated to be 50% undervalued, with a fair value of HK$30.52 compared to its current share price of HK$15.35. Using a 2-stage Free Cash Flow to Equity model, the present value of future cash flows and terminal value suggests a total equity value of US$6.0 billion. The analysis indicates that Mobvista's peers are trading at a lower discount to fair value, and the valuation is sensitive to inputs like discount rates and cash flow estimates.

Simplywall

An Intrinsic Calculation For Mobvista Inc. (HKG:1860) Suggests It's 50% Undervalued

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AFFLUENT FDN(01757) fell 11.15%, with a trading turnover 13.6 Million HKD, and a year-to-date rose 66.1%. BRAINAURORA-B(06681) fell 9.11%, with a trading turnover 740.8 Million HKD, and a year-to-date fell 10.1%. QUNABOX GROUP(00917) fell 8.16%, with a trading turnover 320.7 Million HKD, and a year-to-date rose 37.7%.

Top Gainers & Losers

AFFLUENT FDN

BRAINAURORA-B

QUNABOX GROUP

JENSCARE-B

JOHNSON ELEC H

JNBY

TIME INTERCON

QYUNS-B

QINGSONG HEALTH

Top 10 HK Stock Losers (1.23)

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REFIRE(02570) fell 15.24%, with a trading turnover 137.8 Million HKD, and a year-to-date fell 6.9%. COUNTRY GARDEN(02007) fell 14.47%, with a trading turnover 377.4 Million HKD, and a year-to-date fell 21.7%. DEEWIN(02418) fell 14.01%, with a trading turnover 8.7 Million HKD, and a year-to-date fell 72.1%.

REFIRE

COUNTRY GARDEN

DEEWIN

DONGWU CEMENT

NUOBIKAN

RIMAG GROUP

Top 10 HK Stock Losers (1.19)

MOBVISTA fell 10.77%; Qutoutiao rose 14.35%, with a transaction volume of HKD 532 million; China Literature fell 3.06%, with a transaction volume of HKD 58.38 million; Jihong Co., Ltd. fell 2.16%, with a transaction volume of HKD 13.87 million; Xinhua Wenhui fell 0.09%, with a market value of HKD 13.1 billion

Hong Kong Stock Movement: MOBVISTA falls 10.77%, with intensified competition in the AI industry and dual pressure from regulatory risks on stock prices

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KNOWLEDGE ATLAS(02513) rose 20.61%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 36.5%. XUNFEIHEALTH(02506) rose 20.58%, with a trading turnover 189.9 Million HKD, and a year-to-date rose 23.3%. GENFLEET-B(02595) rose 17.84%, with a trading turnover 111.9 Million HKD, and a year-to-date rose 36.1%.

XUNFEIHEALTH

GENFLEET-B

VOBILE GROUP

SF INTRA-CITY

ILUVATAR COREX

SUNEVISION

XTALPI

MEDLIVE

Top 10 HK Stock Gainers (1.9)

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Overview of the Hong Kong Stock Market In the past hour, the Hong Kong stock market has shown a clear characteristic of sector rotation. Technology stocks and the consumer electronics sector performed actively, attracting a significant inflow of funds, with short-term enthusiasm notably increasing. Meanwhile, some small-cap stocks faced pressure from capital outflows, leading to increased price volatility. Market sentiment seems to be switching back and forth between technology and traditional sectors, with an overall fast pace, requiring investors to closely monitor capital flows. Stocks with the most significant movements Audo Holdings fell significantly today, down 15.12%. Under pressure from capital outflows, the stock price continued to decline, and market sentiment leaned towards caution. Investors are taking a wait-and-see attitude towards its future trend, with short-term volatility intensifying. Strong stocks 1. ILUVATAR COREX: up 11.61%, the active performance of the technology sector provided strong support, with noticeable capital inflow. 2. MOBVISTA: up 10.49%, benefiting from the market's preference for technology stocks, with prices steadily rising and active short-term capital participation. 3. Lens: up 10.07%, the increased enthusiasm in the consumer electronics sector brought upward momentum, with a clear trend of capital inflow. Stocks under pressure 1. Audo Holdings: down 15.12%, significant pressure from capital outflows, market sentiment leaning towards caution, with increased price volatility

SEM HLDGS

Lens

Hong Kong Stock Movement Quick Report: ILUVATAR COREX leads the tech stocks, SEM HLDGS falls over 15%

MOBVISTA rose 10.49%; China Literature Group rose 2.28%, with a transaction volume of HKD 74.41 million; Qutoutiao Group fell 3.94%, with a transaction volume of HKD 42.06 million; Xinhua Winshare rose 0.68%, with a transaction volume of HKD 29.71 million; Jihong Co., Ltd. rose 1.20%, with a market value of HKD 5.702 billion

Hong Kong Stock Movement: The blue ocean potential of AI programmatic advertising is emerging, and MOBVISTA's stock price soared by 10.49%

Mobvista (HKG:1860) has a debt of US$78.5m, down from US$132.3m, with US$210.8m in cash, resulting in net cash of US$132.3m. Despite liabilities of US$640.5m due within a year, its market value of US$3.09b suggests manageable debt levels. Mobvista's EBIT grew by 238% last year, indicating strong cash flow conversion, with 290% of EBIT converted to free cash flow. Overall, while concerns about liabilities exist, Mobvista's net cash position and growth prospects suggest its debt usage is not risky.

Is Mobvista (HKG:1860) Using Too Much Debt?

Mobvista Inc. has announced the conversion of US$30 million in convertible bonds into shares. PAGAC III Munich Holding (Cayman) Limited exercised its conversion rights on December 23, 2025, converting the principal amount and accumulated unpaid interest into shares at a conversion price of HK$5.54 per share. Mobvista will issue a total of 47,460,016 new shares, which will rank equally with existing shares.

Reuters

Mobvista Inc. Announces Conversion of US$30 Million Convertible Bonds into Shares

$MOBVISTA(01860.HK) It seems that personal information review is unavoidable, otherwise it wouldn't be for sale, and it appears the buyer is really reluctant to offer a price. Lost badly

$MOBVISTA(01860.HK) believes in Huai Ren, classmates from Alimama should know Huai Ren's status in the computational advertising industry.

$MOBVISTA(01860.HK) app surged, the application of AI in advertising has become a market hotspot. Mobvista can be hyped for a while, waiting for Mobvista's own earnings report.

HUMOBVI@EC2606A(23574.HK)

Mintegral and Insightrackr report on 2026 Non-Gaming App Trends: Highlighting AI, drama video, and ROI-driven ads.

Hong Kong AI Application Stocks Surge in Afternoon Trading

Hong Kong Stock Movement Update: PAK TAK INT'L up 16.67%, DRINDA up over 12%, SV VISION down 17%

Anthropic launches internal legal AI tools; SaaS and software stocks collectively decline, KINGDEE INT'L drops 14%

Hong Kong stock movement: MOBVISTA fell 10.87%, with no significant news but showing volatility. What is causing such market sentiment?