Express News | Tencent repurchased 1,049,000 shares at a cost of approximately HKD 636 million on December 8, with the repurchase price per share ranging from HKD 604.5 to HKD 608.5.
Express News | Paramount Skydance- Tencent Will No Longer Be a Financing Partner in the Proposed Transaction
H-share Market Barometer | Hang Seng Index Rebound Faces Pressure Amid Tug-of-War Between Bulls and Bears, Structural Trends Emerge
① The Hang Seng Index weakened amidst fluctuations, and the rebound faced renewed pressure. What are the short-term negative factors still impacting the market? ② The tug-of-war between bulls and bears is driving a structural market trend. Which hotspots are still favored by institutional investors?
Capital Flows | Northbound investors sold Tencent shares worth over HKD 760 million, while Xiaomi recorded net buying for the seventh consecutive day!
Track the latest developments of southbound capital flows.
Why TikTok Owner's AI Phone Is Making China's Apps Nervous
Zhitong HK Stock Connect Active Trading | December 8
Active Trading via Stock Connect | December 8, 2025
Xiaomi Group saw a net inflow of HKD 1.173 billion through the Shanghai-Hong Kong Stock Connect.
Southbound capital net inflows were recorded in Xiaomi Group (01810.HK), SMIC (00981.HK), and Pop Mart (09992.HK), amounting to HKD 1.173 billion, HKD 467 million, and HKD 432 million respectively.
Express News | Southbound funds recorded a net inflow of RMB 1.54 billion today. In the Shanghai-Hong Kong Stock Connect, SMIC and Alibaba-W garnered net purchases of HKD 6.66 billion and HKD 4.12 billion, respectively, while Hua Hong Semiconductor led in net selling wi
Goldman Sachs has upgraded the cloud and data center sectors to its top picks within China's internet industry, expressing optimism about Alibaba (09988.HK) and GDS Holdings (09698.HK), among others.
Goldman Sachs issued a report promoting the cloud and data center sub-sector to its top pick, driven by expectations that AI training and inference demands will continue to fuel AI growth momentum. Additionally, the multi-chip strategies adopted by hyperscale cloud service providers, coupled with positive outlooks for data center order volumes, spending expansion, and capital cycles, contributed to this decision.
Zhiyuan Robotics has reached the milestone of producing its 5,000th humanoid robot and is expected to enter the household market within the next three to five years.
According to the Tianyancha app, Suzhou Linghui Zhixin Digital Technology Co., Ltd. was recently established, with Li Erpu as its legal representative. The registered capital is RMB 5 million, and its business scope includes industrial internet data services, big data services, IoT technology services, sales of industrial control computers and systems, and smart robot sales, among others. Shareholder information indicates that the company is jointly held by Suzhou Linghou Robotics Co., Ltd., Wujiang Dongyun Venture Capital Co., Ltd., and Zhiyuan Innovation (Shanghai) Technology Co., Ltd. It has received investments from Tencent (00700.HK), BYD (01211.HK), and Baidu-SW (09888.HK).
The Classic Version of QQ Officially Returns
Gelonghui, December 8|Tencent QQ's official Weibo announced today that the classic version of QQ is back. It was introduced that the PC version of QQ supports dual mode switching, allowing users to customize the separation and combination of the message list and chat window.
Express News | Institution: In November, 33 Chinese mobile game developers collectively generated USD 1.95 billion in revenue.
Share Repurchases on December 5 | Tencent, COSCO Shipping Holdings, and others conducted buybacks, with Tencent spending HKD 636 million.
According to a disclosure document released by the Hong Kong Exchange on December 8, companies such as $Tencent$ and $COSCO Shipping Holdings (01919.HK)$ repurchased shares. ① $Tencent$ repurchased 1,046,000 ordinary shares on December 5, involving an amount of HKD 636 million, with the repurchase price per share ranging from HKD 610.5 to HKD 605. Since the resolution for the repurchase mandate, the cumulative number of securities repurchased is 85,148,000, representing 0.927% of the issued share capital at the time of the ordinary resolution's passage. ② $COSCO Shipping Holdings (01919.HK)$
Haitong International: With the policy window approaching, the market's rebound momentum is expected to continue.
The market experienced range-bound trading with reduced volume this week. Next week, driven by the rising expectations of policy support, a rebound is likely to continue. However, the strength of the rebound will still depend on the extent of policy implementation and whether the Federal Reserve decides to cut interest rates.
The Second Wave of DeepSeek Impact: V3.2 Reshapes China's Cloud and Chip Ecosystems
The release of DeepSeekV3.2 marks the official entry of China's AI market into the 'second wave of impact' phase. On December 6, according to HardAI News, JPMorgan stated in a research report that this is not merely a model iteration but a structural revolution targeting inference costs and hardware ecosystems. Through architectural innovation, DeepSeek has further reduced API prices by 30-70%, slashing long-context inference costs by 6 to 10 times. The report emphasized that, more crucially, V3.2-Exp achieved 'Day-0' support for non-CUDA ecosystems (Huawei Ascend, Cambricon, Hygon) on its first day.
Revealing the "God Mode" of AI smartphones: See how they operate across apps on your behalf.
The AI assistant can only take over a human's phone and execute various cross-app tasks after obtaining the necessary permissions through different channels.
Does Tencent Still Offer Value After a 46% Rebound in 2025?
Express News | The latest versions of Tencent HunYuan's language models, Tencent HY 2.0 Think and Tencent HY 2.0 Instruct, have been officially released.
Express News | Tencent HunYuan 2.0 Launched with Industry-Leading Inference Capabilities and Efficiency
Xiaomi Group saw a net inflow of HKD 3.013 billion through the Shanghai-Hong Kong Stock Connect.
Southbound capital flow recorded net inflows for Xiaomi Group (01810.HK) and Meituan (03690.HK), amounting to HKD 3.013 billion and HKD 607 million, respectively. Conversely, Southbound capital flow registered net outflows for Alibaba (09988.HK), Tencent (00700.HK), and SMIC (00981.HK), reaching HKD 1.776 billion, HKD 1.445 billion, and HKD 119 million, respectively. The Shanghai-Hong Kong Stock Connect saw the highest net inflow of active shares directed towards ICBC (01398.HK) at HKD 287 million, while Tencent (00700.HK) experienced the highest net outflow of active shares at HKD 889 million.