Express News | China Internet Finance Association: Current online loan facilitation services involve a large number of users and exhibit relatively high overall pricing.

Breakings18:00

Goldman Sachs: The cloud and data center sub-sector remains its most preferred area for the second half of the year, recommending Alibaba, GDS Holdings, 21Vianet, and Kingsoft Cloud.

Goldman Sachs published a report re-evaluating five key investor debate topics shaping the Chinese AI model landscape: 1) the competitive dynamics between U.S. and Chinese AI models; 2) intensifying price competition among Chinese model providers; 3) the drivers behind exponential token growth, and whether enterprise or consumer agents can justify the surge in token bills as global consumption scales toward quadrillions of tokens; 4) capital expenditure/free cash flow trajectories of hyperscale cloud operators

AASTOCKS16:50

Express News | National-Level First Systematic Deployment on Empowering AI Development through Data

BreakingsJun 8 17:54

Express News | WeChat AI Ecosystem Officially Launches; JD.com Among First to Join Internal Testing

BreakingsJun 8 17:06

After cashing out through stake reductions, Tencent renews its alliance driven by AI: partnering with JD.com on one hand and Meituan on the other

① JD.com and Tencent will deepen their collaboration on AI Agents. Leveraging JD.com’s product supply chain and fulfillment capabilities, along with Tencent’s ecosystem access advantages, the two companies will jointly develop a new paradigm for intelligent, cross-scenario services. ② In the coming years, AI Agents will become standard features on e-commerce platforms. However, in the short term, there remains considerable uncertainty regarding the timing and pace of AI product implementation.

cls.cnJun 8 16:56

Hong Kong Market Close: Hang Seng Tech Index fell 2.71%, AI tech stocks plunged, and precious metals tumbled!

On June 8, impacted by sharp declines in overseas markets, Hong Kong’s three major indices fell again, marking their fourth consecutive day of losses, with market sentiment extremely weak. The primary drivers were a sudden surge in expectations of Federal Reserve tightening, compounded by escalating geopolitical risks weighing on risk assets. At the close, the Hang Seng Index declined 1.22% to 24,657 points, the Hang Seng China Enterprises Index dropped 1.13% to 8,341 points, and the Hang Seng Tech Index tumbled 2.71% to 4,755 points. Specifically, heavyweight technology stocks dragged significantly on the broader market; stronger-than-expected U.S. nonfarm payroll data sharply boosted rate hike expectations, leading to broad-based losses in gold, copper, aluminum, and other base metal stocks; memory semiconductors,

Gelonghui FinanceJun 8 16:42