Michael Burry, famed for his bearish bet against the housing market, turns bullish on Hong Kong equities: With AI hype cooling off, Hong Kong stocks now represent a valuation trough—an ideal opportunity to buy the dip. He has already increased his stake i

A long-short battle, epitomized by Michael Burry, is unfolding in the Hong Kong stock market, with bullish sentiment continuing to gather momentum. Michael Burry, the investor who gained fame for accurately predicting the 2008 U.S. subprime mortgage crisis and whose story inspired the film 'The Big Short,' recently stated publicly that now is an "excellent time" to hunt for undervalued stocks in the Hong Kong market. His bullish thesis is based on the expectation that the global AI chip stock rally will cool down, prompting capital to flow out of South Korea, Japan, and the semiconductor sector in search of valuation discounts. Meanwhile, Wang Yajun, Head of Asian Equity Capital Markets at Goldman Sachs, also noted

wallstreetcnJul 17 15:55

WAIC 2026 Opens: AI Flourishes with Hundreds of Global Debuts and Premieres, and Over 300 Humanoid Robots Compete on Stage

① Over 4,400 exhibits were showcased, featuring 349 debut projects and 201 world premieres. ② The embodied intelligence segment attracted intense competition, with more than 200 manufacturers presenting 208 models and over 300 humanoid robots on stage, alongside more than 100 types of intelligent terminals and 261 large-scale AI models.

cls.cnJul 17 22:30

Express News | JD.com: Investing over RMB 10 billion annually to provide full-time delivery riders, couriers, and other staff with statutory social insurance and housing provident fund contributions.

BreakingsJul 17 09:21

On-device AI centralized filing and ecosystem integration between JD.com and Tencent mark a scaling inflection point for consumer-grade AI

Gelonghui, July 17 — On July 15, two significant developments were implemented in China’s consumer-grade artificial intelligence sector. The Cyberspace Administration of China officially published the filing information for seven on-device generative AI services for mobile phones, including products from leading terminal brands such as Apple, Huawei, OPPO, and vivo. This marks the formal entry of on-device generative AI services into a phase of compliant operations, with their application scope set to expand gradually from pilot programs to large-scale deployment. On the same day, JD.com and Tencent jointly announced the integration of JD.com’s AI Agent (Intelligent Assistant) with Tencent’s Yuanbao within the mini-program ecosystem, connecting end-to-end e-commerce service capabilities into conversational AI through an A2A (Agent-to-Agent) model.

Gelonghui FinanceJul 17 08:09

World's third most powerful, with 'fable-level immersion'! Kimi K3 with 2.8 trillion parameters sets a new open-source record

In evaluations, Kimi K3's overall intelligence level is close to that of the world's leading closed-source models. According to GDPval-AA v2 data on knowledge work benchmarks, Kimi K3 scored higher than Claude Opus 4.8 Max, ranking just behind Claude Fable 5 Max and GPT-5.6 Sol Max. Prior to the model's official release under an open-weights license, reports indicated that Moonshot AI internally regarded it as a key product targeting Anthropic's latest flagship model, Claude Opus 4.8.

wallstreetcnJul 17 06:40

Jingmai AI Business Center Launches: Opens Access to 22 Core AI Tools

Sina Technology News, July 16 (afternoon): JD.com recently announced the official launch of Jingmai AI Business Center, building a new business ecosystem powered by AI as its foundational engine, integrating tool empowerment, expert advisory services, and intelligent automation. The company has fully opened access to 22 core AI tools for merchants. A spokesperson from JD.com’s Jingmai team stated that the Jingmai AI Business Center is a one-stop AI-powered business aggregation platform exclusively designed for merchants. Unlike existing industry offerings—such as standalone AI image generation or copywriting tools that operate in silos—the Jingmai AI Business Center leverages core technologies including multi-Agent collaboration, AI-to-AI (A2A) intelligent integration, and natural language interaction to help

Sina TechnologyJul 16 17:09