HK Stock Market Move | DMALL(02586) Rises Over 5% Again; Company Becomes First to Integrate into Doubao Ecosystem; Institutions Say It Is Poised to Become China's Version of Muse

DMALL(02586) rose over 5% again, bringing its cumulative gain for the month to more than 110%. As of press time, it was up 4.28% at HK$8.77, with a turnover of HK$175 million. On the news front, according to DMALL founder Zhang Wenzhong at the 2026 Feishu Infinite Future Conference, the company is about to launch "Duodian Flash Purchase" on Doubao, which has already completed internal testing. The service will be deeply integrated with Doubao to provide physical retail enterprises with an integrated "in-store + home delivery" service, connecting physical retail into the Doubao ecosystem, and is positioned as a new gateway for offline retail growth in the AI era. It is worth noting that Meta launched its standalone AI agent app Muse, which saw downloads rise rapidly after launch, marking the Agent narrative's shift from concept to actual product implementation. Open Source Securities issued a research report stating that DMALL is grafting its retail digital intelligence capabilities onto Doubao's AI traffic gateway of 382 million MAU, and is expected to move toward becoming China's version of Muse, with the "retail SaaS + AI Agent" logic gaining market repricing.