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Hong Kong Gold Exchange Trading System Limited (HKGXTS) Announces Establishment
The joint venture between HKGX and TGX, backed by core technical support from Hundsun Technologies and Alibaba Cloud, seeks to advance Hong Kong's gold trading infrastructureHong Kong, August 18, 2026 — Hong Kong Gold Exchange Trading System Limited (“HKGXTS”) today officially announced its establishment, jointly formed by the Hong Kong Gold Exchange (“HKGX”) and TGX Technology Limited ("TGX"). To further develop Hong Kong’s gold trading systems and related fintech infrastructure, HKGXTS will work with technology partners including Hundsun Technologies Inc. (“Hundsun Technologies”) and Alibaba Cloud to build a secure, stable, efficient, and internationally competitive gold trading and clearing technology platform. HKGXTS held its first Board meeting today to outline its development strategy and trading system construction plans. The meeting was chaired by HKGXTS Chairman Dr. Haywood Cheung. Attendees included HKGXTS Chief Executive Officer and Director Sun Ho; HKGXTS Chief Product and Technology Officer and Director Gavin Zhao; HKGXTS Director Henry Chan; HKGXTS Director Brian Fung; HKGXTS Director Chen Ji; Executive President of Hundsun Technologies Guan Xiaolan; General Manager of Hundsun Digital Intelligence Technology Co., Ltd. Kan Xiaohui; and Ethan Yuan, Vice President of International Business and Regional General Manager of APAC North and ANZ, Alibaba Cloud Intelligence Group. The participants discussed HKGXTS’ development roadmap, the trading and clearing system’s development progress, and technical collaboration.Caption: Group photo of Dr. Haywood Cheung, Chairman of HKGXTS (3rd from right); Sun Ho, Chief Executive Officer and Director at HKGXTS (3rd from left); Gavin Zhao, Chief Product and Technology Officer and Director at HKGXTS (2nd from left); Henry Chan, Director at HKGXTS (2nd from right); Brian Fung, Director at HKGXTS (1st on right); Chen Ji, Director at HKGXTS (1st on left).During the meeting, HKGXTS Chairman Dr. Haywood Cheung said, “Hong Kong is actively advancing the development of an international gold trading center and strengthening the infrastructure to support the gold market. The establishment of HKGXTS represents an important step forward in enhancing Hong Kong’s gold trading infrastructure, and we expect the new system to commence pilot operations in the first quarter of 2027. In its initial phase, the system will integrate HKGX’s existing products, trading, settlement, clearing, and related services into a unified platform. Other related digital services will be later introduced, including those supporting gold tokenisation. The system will further embody the "Finance+ Web3 + AI " concept, transforming traditional physical gold into a more diversified, flexible, and value-enhancing asset.”Sun Ho, HKGXTS Chief Executive Officer and Director, said, “Built on physical gold delivery capabilities, HKGXTS seeks to establish a multi-tier bullion trading and investment platform. We will progressively expand its extended-hour electronic trading capabilities to serve industry clients and international institutions. The company will also leverage its financial technology to enhance trading efficiency, reduce transaction and settlement costs, and support multi-currency pricing and settlement. Under the policy guidance of the Hong Kong SAR Government to develop Hong Kong into an international gold trading center, HKGXTS will actively support the development of Hong Kong’s gold market infrastructure, assess the feasibility of integrating with central clearing and regulatory systems, and contribute to the sustained growth of Hong Kong’s gold industry.”Gavin Zhao, HKGXTS Chief Product and Technology Officer and Director, also explained that this core platform upgrade represents not just a technical system update but a foundational capability build-out for the long-term development of Hong Kong's gold market. Currently, the upgrade of the HKGX physical gold core platform is progressing steadily in line with the established roadmap. The first phase will focus on integrating HKGX's existing products, trading, clearing, settlement, and related services to ensure a smooth transition. Building on the physical gold trading core platform, and in alignment with market development, regulatory requirements, and partnership conditions, HKGXTS will gradually explore areas such as international market access, digital gold real-world assets (RWAs), and cross-market expansion. These efforts will further enhance the platform's security, flexibility, and scalability. The project’s technological collaboration taps into the synergistic expertise of the participating parties, with TGX overseeing overall design and project governance, Hundsun Technologies supporting the core system’s delivery, and Alibaba Cloud providing the cloud technology and future AI capabilities. Guan Xiaolan, Executive President of Hundsun Technologies, highlighted the platform's capabilities in respect to its system stability, security, and international applications. Hundsun Technologies will leverage its fintech and trading systems expertise as well as the extensive financial systems implementation know-how of its wholly-owned subsidiary Hundsun Digital Intelligence Technology to support the development of HKGXTS’ core system.Ethan Yuan, Vice President of International Business and Regional General Manager of APAC North and ANZ, Alibaba Cloud Intelligence Group, detailed Alibaba Cloud's support for HKGXTS. He noted that Alibaba Cloud will provide technical support in areas such as cloud computing and digital infrastructure, helping to build a secure, stable, and scalable foundation. Hundsun Technologies and Alibaba Cloud will lean on their respective strengths to work alongside HKGXTS in advancing the development of the gold trading system.As the development of the core trading platform progresses, HKGXTS will continue to enhance the infrastructure enabling trading, clearing, settlement, and market operations in Hong Kong’s gold market. In alignment with the development plans of the Hong Kong Government and relevant financial infrastructure bodies, HKGXTS will strengthen its readiness across areas including systems, technology, and compliance. As conditions mature, HKGXTS will actively explore standardized connectivity with infrastructure including the banking system, clearing platforms, and regulatory reporting systems, providing the technological foundation for Hong Kong’s development into an international gold trading center and contributing to the long-term growth of its gold trading market.Media Contact:myt455242@alibaba-inc.com18/08/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Tue, Aug 18
Xiaomi Says Memory Price Rise May Ease in H2; Flagship Phone and Pengcheng Car Series Due
At its 2026 mid‑year results media call on the evening of the 18th, Xiaomi Group president Lu Weibing said memory price rises may moderate in H2 but upward pressure could persist, leaving storage costs elevated. He said Xiaomi has long‑standing, trust‑based relationships with five major memory suppl...Tiger News
Tue, Aug 18
Top 10 HK Stock Losers (8.18)
Hang Seng Index has rose 0.07%, with a year-to-date fell 0.6%; Hang Seng TECH Index has fell 0.9%, with a year-to-date fell 14.1%.CHICMAX(02145) fell 22.77%, with a trading turnover 331.7 Million HKD, and a year-to-date fell 69%.MARKETINGFORCE(02556) fell 15.97%, with a trading turnover 824.7 Millio...Longport
Tue, Aug 18
Top 10 HK Stock Gainers (8.18)
Hang Seng Index has rose 0.07%, with a year-to-date fell 0.6%; Hang Seng TECH Index has fell 0.9%, with a year-to-date fell 14.1%.STARPLUS LEGEND(06683) rose 34.88%, with a trading turnover 579.9 Million HKD, and a year-to-date fell 3%.CHOW SANG SANG(00116) rose 19.14%, with a trading turnover 110.1...Longport
Tue, Aug 18
Top 5 HK Stock Gainers/Losers (>100B) (8.18)
Hang Seng Index has rose 0.07%, with a year-to-date fell 0.6%; Hang Seng TECH Index has fell 0.9%, with a year-to-date fell 14.1%.HWORLD-S(01179) rose 11.08%, with a trading turnover 230.6 Million HKD, and a year-to-date rose 1.2%.WUXI BIO(02269) rose 5.24%, with a trading turnover 2.8 Billion HKD, ...Longport
Tue, Aug 18
Crypto Daily | Jane Street Reveals $990M Bitcoin ETF Stake; Michael Saylor Says Don't Invest in Bitcoin Unless You'll Hold It for Over 4 Years
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsJane Street Reveals $990M Bitcoin ETF Stake Amid $15B Trading Loss in JulyJane Street disclosed a $990 million position in Bitcoin ETFs as of June 30, primarily in ...Tiger News
Tue, Aug 18
24H | Chip and Optical Communications Stocks Pull Back
Dow Futures fell 0.03%, S&P 500 Futures fell 0.26%, Nasdaq Futures fell 0.65% as risk appetite softens amid broad semiconductor weakness overnight.Optical communications stocks dropped in overnight trading. Fabrinet fell 9%; AXT fell 5%; Applied Optoelectronics, POET Technologies, and Coherent fell ...Tiger News
Tue, Aug 18
Marketingforce Delivers Revenue of RMB1.96 Billion and Net Profit Growth of 466.1% in 1H 2026
(August 18, 2026, Hong Kong) — Marketingforce Management Ltd (Stock Code: 02556.HK, "Marketingforce" or the "Company", together with its subsidiaries and consolidated affiliated entities, the "Group") announced its interim results for the six months ended June 30, 2026. During the reporting period, the Group recorded total revenue of RMB1.96 billion, up 111.2% year on year; revenue from its AI application business reached RMB1.13 billion, up 123.7%; and net profit amounted to RMB200 million, up 466.1%. The concurrent increase in revenue and profit reflected the accelerating scaled deployment of the Group's AI applications and further improvement in profitability and operating efficiency.AI Applications Drive Growth as Product Matrix Expands Across Core Enterprise ScenariosDuring the reporting period, the Group continued to enhance its AI-native product portfolio centred on AI-Agentforce Agent Platform 3.0, the KnowForce AI enterprise knowledge platform, and GenAI OS. It also expanded its AI Employee matrix across core enterprise scenarios, including marketing, sales, customer service, coaching, Data Agent business analytics, cross-border trade, and R&D. The rapid increase in AI application revenue further validated enterprise demand for AI applications that are deployable, manageable, and continuously upgradable.AI-Agentforce 3.0 supports natural-language agent creation, multi-agent system collaboration, and multimodal understanding and interaction.KnowForce AI connects enterprise databases, knowledge bases, and knowledge graphs.GenAI OS hosts the AI-native platform and full-scenario AI Employees, enabling agent training, management, invocation, and iteration.T-GEO connects the user journey from questions on AI application platforms to answer delivery, helping brands improve their AI visibility across omnichannel marketing environments.Customer Volume and Value Rise as AI Benefits Translate into Operating EfficiencyDuring the reporting period, the number of customers increased by 25.9% year on year, while average monthly revenue per user (ARPU) rose by 80.0%, reflecting growth in both customer reach and value per customer. The Group also deployed its proprietary AI capabilities across internal marketing, sales, customer service, training, and operating-management functions to improve organizational efficiency.Operating Margins & Expense Ratios: Selling expenses represented 11.4% of revenue, down 5.6 percentage points year on year, while administrative expenses represented 4.6%, also down 5.6 percentage points. R&D expenses represented 16.6% of revenue, up 9.6 percentage points. The Group continued to invest in products and technology while improving operating efficiency.Headcount & Productivity: Total headcount increased by 13.8% to 1,893, while overall employee productivity, measured as total revenue per employee, improved by 85.6%.Cash Flow: Net operating cash inflow was RMB 500.1 million.Full-Stack Token Factory Supports Continued Business-Model EvolutionThrough its Full-Stack Token Factory, the Group converts computing power, models, data, knowledge, and agent capabilities into Scenario Tokens that are deliverable, traceable, reusable, and billable. Unlike model Tokens, which primarily reflect the consumption of technical resources, Scenario Tokens correspond more directly to business outcomes across customer acquisition, conversion, service, R&D, global expansion, and business analytics, moving enterprise AI from tool procurement towards value delivery.Looking ahead, the Group will continue to explore diversified monetization models covering subscriptions, usage volume, outcomes, and Scenario Tokens, aligning customer value creation more closely with the Group's commercial returns. It will continue to upgrade AI-Agentforce, KnowForce AI, and GenAI OS, broaden the coverage of its AI Employees, and deepen collaboration with computing, model, and application ecosystem partners to drive AI applications from single-point innovation towards scaled industrial deployment.Mr. Zhao Xulong, Chairman and Chief Executive Officer of Marketingforce, said:"2026 marks a new stage in which Marketingforce is accelerating the realization of its technology benefits and releasing value at scale. The value of enterprise AI must ultimately be demonstrated in real business scenarios and measurable operating outcomes. We will continue to deepen our full-stack AI capabilities and use our Full-Stack Token Factory to accelerate the scaled deployment of AI applications, create more trusted and outstanding business value for customers, and deliver sustainable long-term value for shareholders and partners."18/08/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Tue, Aug 18
Hong Kong Stocks Extend Losses; Z.AI and MiniMax Plunge Over 10%
Hong Kong stocks extended losses in morning trading on Tuesday. The Hang Seng Index fell 0.8%, while the Hang Seng Tech Index dropped 1.6%.Z.AI fell 11%; MiniMax fell 10%; Bilibili, JD.com, Kuaishou, Meituan, and Xiaomi fell 3%; Li Auto, NIO, NetEase, Tencent, and Pop Mart fell 2%; Alibaba fell 0.8%...Tiger News
Tue, Aug 18
RENOSY by Renters Warehouse Launches Resident Benefits Package for Single-Family Rental Homes
Minneapolis, Minnesota - August 18, 2026 - (SeaPRwire) - RENOSY by Renters Warehouse today introduced its Resident Benefits Package, a bundled service offering for residents living in single-family rental homes managed by the company. The package costs $49.99 per month and includes renters insurance, identity protection, move-in assistance, credit-building support, resident rewards, and automatic filter delivery, subject to availability and service options.The launch reflects a wider shift in single-family rental investing, where asset performance is increasingly tied to operations rather than ownership alone. RENOSY positions the package as a resident-facing offering with an asset-performance purpose: helping homeowner clients protect long-term profitability through stronger retention, fewer vacancies, and more consistent service.A rental home performs best when the resident experience is stable, useful, and well-supported. Turnover, vacancy, and renter dissatisfaction can erode returns. A stronger resident offering can support renewals, attract quality renters, and create more predictable performance for homeowners and investors."Great property management is no longer just about collecting rent and handling maintenance," said Shunsuke "Gucci" Iguchi, CEO of RENOSY by Renters Warehouse. "It's about elevating the way people live in the homes we manage. When residents feel supported, they stay longer, take better care of the property, and create stronger returns for our homeowner clients."Single-family rental ownership has become an increasingly important part of the real estate investment landscape. Rental property can generate income, preserve ownership of an asset, and support long-term wealth creation. Professional management can give residents more consistent service and a better leasing experience.Property management has historically been viewed as an administrative function — leasing, rent collection, maintenance, and basic resident support. Increasingly, it has become an operating platform tied directly to retention, yield protection, and asset performance."Every vacancy has a cost," said Mark Hanson, National Director of Leasing at RENOSY by Renters Warehouse. "By investing in the day-to-day rental experience, we are ultimately investing in homeowner and investor performance. Better residents, longer stays, and fewer interruptions all contribute to a more stable and profitable rental asset."The package aligns with RENOSY's broader mission of making real estate investing more accessible. Accessibility in this context is about helping more people own rental property and about making rental ownership easier to operate over time. That matters especially for individual homeowners and smaller investors, who may lack the infrastructure of large institutional landlords but still require professional systems, reliable service, and consistent resident support.About RENOSY by Renters WarehouseRENOSY by Renters Warehouse is a property management company serving homeowners, real estate investors, and residents in the single-family rental market. The company's mission is making real estate investing more accessible, with professional systems and consistent resident support designed for individual homeowners and smaller investors as well as larger portfolios.Media ContactCompany: RENOSY by Renters WarehouseContact: Ponara Eng, VP MarketingEmail: media@renterswarehouse.comWebsite: https://renterswarehouse.com/Address: Minneapolis, MN 5541618/08/2026 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Tue, Aug 18
Fabrinet Tops Q4 Estimates but Shares Fall
Fabrinet reported fourth quarter results that exceeded analyst expectations, though shares slid 6.7% following the announcement despite strong guidance.The optical manufacturing services provider posted adjusted earnings per share of $4.10, surpassing the analyst consensus of $3.81 by $0.29. Revenue...Tiger News
Mon, Aug 17
Top 5 US Stock Gainers/Losers (>100B) (8.17)
NASDAQ Composite Index has fell 0.32%, with a year-to-date rose 14.6%; S&P 500 has fell 0.52%, with a year-to-date rose 13.1%; Dow Jones Industrial Average has fell 0.51%, with a year-to-date rose 11.2%.Sandisk(SNDK) rose 8.88%, with a trading turnover 31.4 Billion USD, and a year-to-date rose 652.7...Longport
Mon, Aug 17
Top 10 US Stock Gainers (8.17)
NASDAQ Composite Index has fell 0.32%, with a year-to-date rose 14.6%; S&P 500 has fell 0.52%, with a year-to-date rose 13.1%; Dow Jones Industrial Average has fell 0.51%, with a year-to-date rose 11.2%.AXT(AXTI) rose 17.55%, with a trading turnover 1.4 Billion USD, and a year-to-date rose 487%.Arge...Longport
Mon, Aug 17
Top 5 CDRs Gainers/Losers (>100M) (8.17)
NASDAQ Composite Index has fell 0.32%, with a year-to-date rose 14.6%; S&P 500 has fell 0.52%, with a year-to-date rose 13.1%; Dow Jones Industrial Average has fell 0.51%, with a year-to-date rose 11.2%.H World(HTHT) rose 11.29%, with a trading turnover 208.2 Million USD, and a year-to-date rose 1.7...Longport
Mon, Aug 17
Top 10 US Stock Losers (8.17)
NASDAQ Composite Index has fell 0.32%, with a year-to-date rose 14.6%; S&P 500 has fell 0.52%, with a year-to-date rose 13.1%; Dow Jones Industrial Average has fell 0.51%, with a year-to-date rose 11.2%.Flotek Industries(FTK) fell 20.01%, with a trading turnover 83.7 Million USD, and a year-to-date ...Longport
Mon, Aug 17
Sources Say the U.S. and Iran Have Approved a 60-Day Extension Agreement, Saudi Outlet Alhadath Reports
Saudi outlet Alhadath reports sources say the U.S. and Iran have approved a 60-day extension agreement. WTI and Brent crude briefly slid more than $1; S&P 500, Dow and Nasdaq futures ticked higher.Tiger News
Mon, Aug 17
Option Movers | Micron Sees $7.98 Million Call Buy at $1,350 Strike Expiring 2026; AMD's $4.37 Million Put Sale at $400 Strike Signals Bullish Confidence
Market OverviewWall Street's main indexes closed lower on Friday (Aug 14), with the S&P 500 dipping from a record high, as investors digested weaker-than-expected retail sales data.Regarding the options market, a total volume of 61,337,843 contracts was traded, of which 59% were call options.Top 10 ...Tiger News
Mon, Aug 17
Top 5 HK Stock Gainers/Losers (>100B) (8.17)
Hang Seng Index has rose 1.34%, with a year-to-date fell 0.7%; Hang Seng TECH Index has rose 1.58%, with a year-to-date fell 13.3%.YOFC(06869) rose 12.1%, with a trading turnover 4.7 Billion HKD, and a year-to-date rose 188.5%.ILUVATAR COREX(09903) rose 10.68%, with a trading turnover 1.4 Billion HK...Longport
Mon, Aug 17
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