Express News | Tencent Cloud SkillPay Launches

BreakingsJul 16 19:16

Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2

Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;

Futu News12:12

JPMorgan: A-share market's 'AI-driven deleveraging' is a healthy correction, not a bubble burst

JPMorgan believes that the recent correction in the A-share AI sector is fundamentally a deleveraging process rather than a deterioration in fundamentals. The decline in margin trading as a share of IT-sector activity, coupled with technology ETFs attracting inflows despite market headwinds, suggests that deleveraging is nearing completion. Balance sheet leverage among U.S. and Chinese cloud giants remains well below levels seen during historical bubble periods, reflecting continued financial strength. Large model iterations and hardware supply constraints are expected to persist through 2028.

wallstreetcn09:29

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 Finance08:09

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.

wallstreetcn06:40

Hong Kong Market Compass | Tech stocks drive continued rebound; institutions see opportunities in AI-themed equities following adjustments

① With internet stocks driving a sustained rebound, how do institutional investors view the shift in market style? ② Institutions remain optimistic about opportunities in the AI theme following its recent correction—what signals should investors watch for?

cls.cnJul 16 20:31