SenseTime - W (00020.HK) Independent Non-Executive Director Resignation.
SenseTime - W (00020.HK) announced that Mr. Li Wei resigned as an independent non-executive director, effective immediately, due to other work and Business needs. Mr. Li confirmed that there were no disagreements with the Board of Directors and the company. After Mr. Li's resignation, the company is unable to comply with the listing rules (which require at least three independent non-executive directors, and that independent non-executive directors account for at least one-third of the Board of Directors), and the Board of Directors is currently looking for suitable candidates to fill the vacancy to ensure compliance with the listing rules.
SenseTime-W (00020.HK): Li Wei resigns as Independent Non-Executive Director.
On March 14, GLONGHI announced that Li Wei has submitted his resignation as an Independent Non-Executive Director due to Other work and Business needs, effective from March 15, 2025.
Express News | MiniMax will acquire the AI video generation startup Lu Ying Technology.
SenseTime-W (00020.HK): A frontier explorer of AI 2.0 with a triadic layout for generative AI.
Hatched at the Chinese University of Hong Kong, a global leader in Facial Recognition technology. The company was founded in 2014, with the founding team hatching at the Multimedia Laboratory of the Chinese University of Hong Kong, leading the world in the field of Computer vision. Forward-looking deployment from the underlying infrastructure.
Express News | The Ministry of Industry and Information Technology: Continuously promote the "AI+" initiative to cultivate and strengthen XINXINGCHANYE such as intelligent connected New energy Fund Autos.
SenseTime-W (00020.HK) plans to hold a Board of Directors meeting on March 26 to approve the annual performance.
Gelonghui, March 11丨SenseTime-W (00020.HK) announced that the Board of Directors will hold a meeting on March 26, 2025 (Wednesday) to consider and approve the group's annual performance for the year ending December 31, 2024, and its publication, as well as to consider the distribution of the final dividend (if any).
DATE OF BOARD MEETING
J.P. Morgan: China's generative AI has entered a stage of explosive application, Bullish on Alibaba and Kuaishou.
On March 9, JPMorgan released a Research Report stating that generative AI in China has entered a phase of explosive application.
UBS Group expects that this year the Global AI Industry ROI will reach the mid-teens, Bullish on large Market Cap AI stocks, leading cloud platforms, and Semiconductors.
The UBS Group's Wealth Management Asia-Pacific Investment Director's office published a report, predicting that Asian economies will strive to reach an agreement with the USA. In this scenario, the accumulated impact of tariffs on the region's GDP could be around 50 to 100 basis points. In the risk scenario where an agreement is not reached, extensive tariffs are imposed, or the USA's economic growth significantly slows below trend levels, the impact on Asian GDP growth could reach 200 to 300 basis points. UBS believes that AI computing is an important driving factor for AI enablers in Asia, and the strong growth momentum of AI computing revenues is expected to continue beyond 2025, anticipated from 2024 to 2029.
Express News | DeepSeek-R2 will be released on March 17, and there has been no official response yet.
East Asian Securities: The valuation of Hong Kong Technology stocks still has room for revaluation, raising the Target Price for the Hang Seng Index to 26,000 points.
According to Zhitong Finance APP, Hong Kong stocks have recently significantly outperformed A-shares. Regarding the large gap in the performance of the two, Chan Wai Chung, senior investment strategist at East Asia Securities, pointed out that Hong Kong stocks have a higher weight in Technology stocks, while A-shares are not dominated by Technology stocks, making Hong Kong stocks more beneficial when speculating on the AI Concept.
Has the "singularity" of AI in China arrived in 2025? JPMorgan: An application explosion is imminent, DeepSeek ignites demand for computing power, and Alibaba may become the biggest winner.
JPMorgan believes that the development of GAI in China is currently at the beginning of the second stage. Alibaba is a key player in the IaaS value chain, expected to outperform peers in the second stage of GAI development, and has the potential to become a beneficiary in the third stage of applications. Additionally, Kuaishou may be underestimated, while Baidu acts as both a "shovel seller" and a "gold digger."
Chinese Technology stocks are "siphoning" foreign capital from Emerging Markets, with AI narratives driving Global capital reallocation.
① How does the "siphoning" of foreign capital by China's Technology stocks have a profound impact on the market? ② Driven by AI narratives, how much space is there for foreign capital to flow back into China's Assets amid global capital reallocation?
Express News | The Ministry of Foreign Affairs opposes the broadening of the National Security Concept and the politicization of economic and technology issues.
According to reports, South Korean investors are making large purchases of Chinese stocks, benefiting from electric vehicles and Semiconductors.
According to foreign media reports, South Korean investors have recently made large purchases of Chinese Stocks, mainly in the Electric Vehicle, AI, and Semiconductors Industries. Data from South Korean CSI All Share Investment Banking & also reflects that during the period from February 17 to 28 this year, Chinese Stocks accounted for 6 of the top 10 overseas stocks in terms of net buying by South Korean investors, mainly focused on companies in the Technology field such as Electric Vehicles, AI, and chips. According to the latest data from the South Korean Securities Depository and Clearing Corporation, the monthly Trade amount of South Korean investors in mainland and Hong Kong Stocks reached 0.782 billion USD in February, nearly a 200% increase compared to January, setting a new high since August 2022, and far...
The domestic sensation Manus has received its first wave of comments from overseas: Is this the second DeepSeek moment?
Manus has begun to break into the mainstream, receiving attention from mainstream media and being widely discussed by overseas Technology bloggers. Renowned AI blogger Rowan Cheung called it China's "second DeepSeek moment," and one user frankly stated that after seeing the actual effects of Manus, he canceled his monthly $200 ChatGPT subscription. However, there are also many complaints, as some users found the experience during testing to be not smooth and reported some factual errors.
Amidst the divergence in technology stocks, new catalysts are emerging, and the logic of price increases in cyclical stocks may gradually attract market attention.
Track the entire lifecycle of the main Sector.
Manus is gaining enormous popularity! It may open a new era of AI applications, and this Sector is expected to trigger a "gold rush."
Soochow believes that Manus validates the strong engineering and strong application capabilities of Chinese manufacturers, and looks forward to 2025 being the year when AI Agents are widely implemented in the country.
CICC: Can Hong Kong stocks still be bought?
The essence of this round of rebound is based on optimism about Technology trends. The extent to which this sentiment is accounted for and how much "imagination" space is left in the future is key to answering the future market space.
"Shopping"! Foreign capital returns to the China stock market, "favoring" Hong Kong Technology stocks, and China's technology giants still have valuation advantages.
South Koreans are currently buying Stocks in China!