Express News | All Tencent Buddy products now support Kimi K3 in their built-in models.
Live from WAIC | Tencent Vice President Lin Songtao: End-user devices will be the final mile for AI adoption
Sina Technology News, July 18 (morning): The 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance is being held in Shanghai from July 17 to 20. Today, Tencent hosted its AI Application Innovation Forum. Lin Songtao, Vice President of Tencent, stated on-site: "We believe that end-user devices will be the last mile for AI adoption. This year, we’ve seen a flourishing of AI applications worldwide, with users moving beyond chat assistants that simply answer questions toward solutions that reliably accomplish specific missions." Lin added, "With Agent-based products, the bottleneck in efficiency is shifting from information retrieval to task execution and actual delivery of results."
Exclusive Coverage from WAIC | Lin Songtao, Vice President of Tencent: Real-world scenarios are always the frontline for AI value—empowering business-savvy professionals with AI can generate greater value.
Sina Tech News, July 18 (morning): From July 17 to 20, the 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance is being held in Shanghai. Today, Tencent hosted its AI Application Innovation Forum. Lin Songtao, Vice President of Tencent, stated at the event: "Real-world scenarios are always the primary arena where AI delivers value. At this stage of AI development, diverse sectors, enterprises, and individuals encounter numerous challenges every day—challenges that cannot be fully resolved merely through further upgrades and iterations of large models." Lin added, "For AI to truly create value, it must first understand the specific, vertical-domain needs faced by businesses and individuals. We
Express News | The new Doudao smartphone has stocked hundreds of thousands of units, moving away from AI-driven hard automation of leading applications.
Express News | Golden Evening News | Key Developments for the Evening of July 17
Fund Flows | Southbound capital recorded a net outflow of HK$1.457 billion from Hong Kong-listed stocks, reducing positions in Alibaba, Meituan, and Huahong Hongli.
Track the latest developments of southbound capital flows.
Zhito Hong Kong Stock Connect Active Trading | July 17
Stock Connect Active Trading | July 17, 2026
Southbound Capital Flow | Southbound capital recorded a net sell-off of HK$1.457 billion; Hong Kong equity ETFs saw renewed inflows, while both AI hardware and software stocks were sold off
On July 17, southbound capital recorded a net selling of HK$1.457 billion in the Hong Kong stock market. Specifically, Shanghai-Hong Kong Stock Connect saw net buying of HK$1.91 billion, while Shenzhen-Hong Kong Stock Connect recorded net selling of HK$3.367 billion.
South Korea and Taiwan stock markets offer 'extremely low margin of safety': $47 billion asset management giant sells semiconductor dual leaders, significantly increases positions in India
Coronation Asset Management, which manages USD 47 billion in assets, has reduced its exposure to chipmakers and increased its allocation to India.
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%;
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.
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.
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.
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?
Express News | Tencent Cloud SkillPay Launches
Zhitoong Hong Kong Connect Active Trading | July 16
Stock Connect Active Trading | July 16, 2026
Fund Flows | Southbound capital has been accumulating Alibaba for nine consecutive days, while AI hardware stocks faced concentrated selling pressure.
Track the latest developments of southbound capital flows.
Alibaba saw a net inflow of HK$2.833 billion via Stock Connect.
Southbound capital recorded net inflows into Alibaba (09988.HK), Zhipu AI (02513.HK), and Tencent (00700.HK) of HK$2.833 billion, HK$1.79 billion, and HK$1.179 billion, respectively. Net outflows were observed from Xiaomi Group (01810.HK), Kingboard Laminates (01888.HK), and Hua Hong Hongli (01347.HK), amounting to HK$1.372 billion, HK$1.173 billion, and HK$181 million, respectively. The most active stock by net southbound capital inflow via Stock Connect (Shanghai) was Zhipu AI (02513.HK) at HK$1.84 billion, while the highest
Southbound Capital Flows | Southbound capital recorded a net purchase of HK$5.039 billion, continuing to accumulate tech and internet stocks as well as large AI models, while selling AI hardware stocks throughout the day.
On July 16, southbound capital recorded a net purchase of HK$5.039 billion in the Hong Kong stock market, comprising a net purchase of HK$2.001 billion via Shanghai-Hong Kong Stock Connect and HK$3.038 billion via Shenzhen-Hong Kong Stock Connect.
Express News | Southbound funds recorded a substantial net purchase of RMB 5.039 billion today. Via the Shanghai-Hong Kong Stock Connect, Zhipu and Alibaba-W saw net purchases of HKD 1.84 billion and HKD 1.191 billion, respectively; Xiaomi Group-W led in net sales, amou