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Chinese artificial intelligence stocks climbed sharply on Tuesday, driven by growing investor enthusiasm around agentic AI — a rapidly emerging category of software capable of performing complex tasks autonomously on user devices.
Tencent Holdings (HK:0700) led the rally, surging over 6% to a near one-month high of HK$548.0, making it one of the top contributors to the Hang Seng Index, which gained 1.6% on the day. The catalyst was Tencent's launch of WorkBuddy, a new locally-run AI agent that can independently execute multiple tasks directly on a user's computer, placing it in direct competition with the viral OpenClaw program.
OpenClaw, developed by OpenAI rival OpenClaw Inc., recently captured widespread attention by demonstrating the ability to break down complex workflows, interact with messaging apps, conduct web searches, and complete various productivity tasks without constant human input.
Chinese AI startups MiniMax Group (HK:0100) and Zhipu AI — listed as Knowledge Atlas Tech Joint Stock (HK:2513) — also posted significant gains. MiniMax shares jumped 9.5% following the release of MaxClaw, its agentic AI product built on OpenClaw's framework. Zhipu added nearly 7% after unveiling AutoClaw, a locally operated version of OpenClaw, earlier in the week.
The wave of launches reflects an accelerating race among global and Chinese technology firms to develop competitive agentic AI solutions, widely regarded as the industry's next major frontier. Analysts see autonomous AI agents as a transformative step beyond traditional chatbots, with practical enterprise and consumer applications.
Despite the market optimism, concerns remain. Security researchers and privacy advocates have raised questions about the data handling practices of locally-run AI agents, warning that widespread deployment could introduce significant risks without stronger regulatory safeguards.
