DMALL (02586) saw its shares climb as much as 5% in afternoon trading, with the stock up more than 110% cumulatively this month.

As of press time, the stock was up 1.90% at HK$8.57, with turnover of HK$185 million.

According to DMALL founder Zhang Wenzhong, speaking at the 2026 Feishu Future Infinity Conference, the company is about to launch "DMALL Flash Purchase" on Doubao, which has already completed internal testing.

The service will be deeply integrated with Doubao, providing physical retail enterprises with an integrated "in-store + home delivery" service, connecting physical retail into the Doubao ecosystem, and positioning itself as a new entry point for offline retail growth in the AI era.

It is worth noting that Meta launched its independent AI agent app Muse, which saw downloads rise rapidly after launch, marking the Agent narrative's transition 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 entry point of 382 million MAU, and is expected to move toward becoming a Chinese version of Muse, with the "retail SaaS + AI Agent" logic gaining market repricing.