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MINIMAX-W Jumps 10%; G Sachs Upgrades Rating to Buy
MINIMAX-W (00100.HK) opened 5.05% higher this morning and once peaked at HKD809.5. It last traded at HKD787.5, up 10.45%, with a volume of 1.1652 million shares, involving HKD916 m...
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MINIMAX-W Jumps 10%; G Sachs Upgrades Rating to Buy
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MINIMAX-W (00100.HK)  +127.500 (+18.465%)    Short selling $43.95M; Ratio 2.207%   opened 5.05% higher this morning and once peaked at HKD809.5. It last traded at HKD787.5, up 10.45%, with a volume of 1.1652 million shares, involving HKD916 million.

Goldman Sachs has published a research report upgrading MINIMAX-W (00100.HK)  +127.500 (+18.465%)    Short selling $43.95M; Ratio 2.207%   's rating from Neutral to Buy. The broker also expects BABA-W (09988.HK)  -0.500 (-0.375%)    Short selling $1.31B; Ratio 11.090%   's cloud revenue growth to accelerate.

Related NewsJD-SW 1Q Non-GAAP Net Profit Slips 42% to RMB7.38B, Way Above Estimates; ADR Once Up ~3% Premarket
At the internet application level, Goldman Sachs cited QuestMobile data as showing that total usage time of China's top 400 apps rose by 6% YoY in March 2026. Among them, TENCENT (00700.HK)  +5.400 (+1.181%)    Short selling $1.73B; Ratio 14.111%   's WeChat usage time increased by 4% YoY. E-commerce platform usage time also grew by 11% YoY, with JD-SW (09618.HK)  +9.800 (+8.277%)    Short selling $1.27B; Ratio 29.135%   , PDD (PDD.US)      , and Taobao recording growth of 27%, 11%, and 8%, respectively.

In contrast, MEITUAN-W (03690.HK)  +3.450 (+4.100%)    Short selling $736.65M; Ratio 13.348%   saw usage time drop by 4% YoY, despite a 4% YoY increase in the local lifestyle services sector. BOSS ZHIPIN-W (02076.HK)  -0.400 (-0.712%)    Short selling $656.77K; Ratio 29.744%   , a recruitment platform, recorded surges of 11% and 15% YoY in MAU and usage time in March, outperforming the industry average.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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