Movement Alert｜Ming Lue Technology-W Rises 6.73% in Regular Trading, Agentic AI White Paper Release and WeChat AI Assistant Launch Provide Dual Catalysts

Market Focus06-24

On June 24, Ming Lue Technology-W rose 6.73% in regular trading, trading at 240.4 HKD/share, with turnover of 11.1441 million HKD. The rally was driven by the release of an enterprise-level AI Agent industry white paper and the grey-scale launch of WeChat AI assistant Xiao Wei.

According to the white paper published by the China Communications Industry Association, China's enterprise-level AI Agent market reached 21.2 billion yuan in 2025, is expected to double to 44.9 billion yuan in 2026, and may exceed 332 billion yuan by 2029, representing a CAGR of 107%. Meanwhile, WeChat's Xiao Wei enables users to interact with AI directly from the main interface for consumption and service calls. As an Agentic AI application-layer company, Ming Lue Technology has been highlighted by multiple brokerages for its long-term growth potential.

The stock had previously retreated due to an upcoming lock-up expiry on July 31 involving approximately 85% of total shares. The current rebound is viewed as a technical recovery fueled by industry-level catalysts.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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