腾讯集团高级执行副总裁、云与智慧产业事业群CEO汤道生表示，腾讯已和多家芯片厂商合作适配，模 型有很多种类，大的几百B、上千B，也有几十B、几B的模型，不同场景需要不同配置的芯片，腾讯会 持开放心态和各芯片厂商合作，一些合作涉及定制化适配。 值得关注的是，腾讯发布公告，于2025年9月16日，本公司已与经办人就根据计划发行本金总额人民币 90亿元的票据订立认购协议。为四年来首次发行债券。其中规模最大的一批为60亿元人民币10年期债 券，利率为2.5%，较初始价格指引低50个基点。新发行的五年期债券的利率为2.1%。 智通财经APP获悉，腾讯控股(00700)涨超2%，年内至今股价累计涨超五成。截至发稿，涨2.17%，报 659港元，成交额53.46亿港元。 消息面上，近日，在2025腾讯全球数字生态大会主峰会上，腾讯集团副总裁、腾讯云总裁邱跃鹏宣布， 目前腾讯云已经全面适配主流的国产芯片，并积极参与和回馈开源社区。与此同时，软硬件协同全栈优 化是腾讯云的长期战略投入，通过异构计算平台的软件能力，整合不同类型的芯片对外提供高性价比的 AI算力。 ...

兴业证券分析指出，从港股2025Q2财报业绩看，港股盈利能力改善。港股主要指数中，恒生科技收 入、净利润同比增速领先。2025Q2，港股主要指数ROE（TTM）水平同比均上升，其中恒生科技ROE 同比提升最为明显，上升3.04pcts至13.5%。联网龙头最新季报业绩印证了AI应用商业化加速潜力。 恒生科技指数站上6200点大关，正式突破前高。在南向资金持续不断流入、美国新一轮降息周期有望启 动的背景下，港股9月或迎内外资共振，而外部流动性敏感、此前受压制较多的恒生科技则有望迎来"补 涨"行情。此外，反内卷政策不断推进，叠加阿里巴巴财报超预期、AI大模型快速迭代，恒生科技有望 从"外卖内卷"回归AI叙事，估值重构可期。没有港股通账户的投资者或可通过恒生科技指数ETF （513180）一键布局中国AI核心资产。 9月17日早盘，恒生科技指数持续拉升，现涨超3%。A股同赛道规模最大的恒生科技指数ETF （513180）跟随指数强势上涨，持仓股中，百度集团、蔚来、美团、京东集团、中芯国际、阿里巴巴、 腾讯控股等涨幅居前，其中腾讯控股涨超2.5%，盘中股价一度触及663港元，再创年内新高，总市值重 回6万亿港元。 （ ...

Group 1 - The core viewpoint of the article is the strategic partnership between Mogo Carlink and Tencent Cloud to enhance AI capabilities in urban applications through the MogoMind model [1][2] - The collaboration aims to leverage Tencent Cloud's high-performance computing and storage systems to improve MogoMind's model training speed by 30% and reduce costs by 50% [1] - The partnership focuses on enhancing real-time decision-making and stability in public service areas such as transportation, urban management, emergency response, and environmental protection, facilitating the commercialization of Level 4 autonomous driving technology [1] Group 2 - Both companies plan to collaborate on data security by developing multi-scenario data protection products and establishing a comprehensive supervision and auditing mechanism [2] - Tencent Cloud emphasizes that this collaboration will help improve data security standards, ensuring the reliability of AI services in urban applications [2] - The integration of AI and cloud services is expected to lower training costs and entry barriers for AI models, increasing their application opportunities in urban governance and public services [2]

我们在海外还有一些客户，对于微信的小程序生态特别认可。所以，我们也基于小程序的生态技术方 案，开放给到海外的用户，我们叫SuperApp-as-a-Service产品，在海外也有非常多不同的应用场景，这 些都是腾讯非常独特的优势。（罗宁） 责任编辑：李铁民 新浪科技讯 9月17日下午消息，2025年腾讯全球数字生态大会上，腾讯集团高级执行副总裁、云与智慧 产业事业群CEO汤道生谈及腾讯云如何与国际竞争对手竞争这一问题时提到，要"找擅长的、有差异化 的技术能力，针对某些场景发挥腾讯独特的优势。" 他表示，腾讯做云，无论是国内还是国外，一直都有比较清晰的路径，就是找我们擅长的、有差异化的 技术能力，针对某些场景发挥腾讯独特的优势。在海外方面，蛮多客户，无论是中国出海的游戏或者是 海外本土的游戏，他们会看重我们对于游戏行业的理解，这些都必须要有对行业的深刻理解，才有这样 的行业解决方案。包括音视频，尤其是音视频直播的能力，也是腾讯多年来打磨，从早年QQ就支持视 频通话，到微信、腾讯会议底层的音视频直播技术也是作为云的技术开放给全球很多的合作伙伴，满足 不同的场景需求。这些都是充分利用腾讯比较独特的优势来展开。 ...

他表示，提升产业效率，效率不外乎在分子是价值、分母是成本，能够提升产业的效率，一定是对于健 康可持续的经营生态是有帮助的。一方面，把国际化做好，做更深的市场渗透，把市场规模做大；另一 方面，坚持健康可持续的经营模式，而不是用亏损来换收入。我觉得这两者就是企业经营最基本的思考 和运作方式，腾讯云一直以来也是以健康可持续的发展方向来推动，我们很多投入最终也是希望能够推 动业务健康发展。（罗宁） 新浪科技讯 9月17日午间消息，2025年腾讯全球数字生态大会上，腾讯集团高级执行副总裁、云与智慧 产业事业群CEO汤道生分享了腾讯如何进一步以AI提升价值。 责任编辑：李铁民 ...

Group 1 - The core viewpoint is that the subscription model for cloud vendors' future business development is closely related to customer needs and industry strategies [1] - Currently, most cloud products are charged based on usage, including storage, computing, and bandwidth [1] - There is a challenge in implementing a performance-based payment model for marketing cloud services due to the numerous factors influencing marketing outcomes [1] Group 2 - The strategic choices made by the company are centered around user needs, focusing on identifying pain points and providing effective solutions [2] - The company has embraced the DeepSeek model in response to strong user interest, indicating a commitment to addressing real user demands [2] - The company will continue to adopt a multi-modal strategy based on user needs, ensuring that the best technology solutions are provided to customers [2]

Core Insights - The strategic partnership between Jieshun Technology and Tencent Cloud aims to leverage advanced cloud computing, audio-video technology, and AI capabilities to enhance urban mobility and community management, contributing to sustainable smart city development [1][2]. Group 1: Strategic Cooperation Focus - The collaboration emphasizes technological innovation and practical application across three main areas: upgrading cloud service infrastructure, integrating WeChat audio-video access control, and AI and edge computing collaboration [2]. - Jieshun Technology will fully integrate Tencent Cloud's high-performance PaaS platform to ensure stable and efficient operation of its smart gate systems and smart parking, community, and park platforms [2]. - The integration of Tencent Cloud's real-time audio-video technology will allow seamless communication between access control devices and WeChat, enhancing security and convenience for residents [2]. Group 2: Company Background and Statements - Jieshun Technology, founded in 1992, is one of the earliest entrants in the parking industry and has become a leading service provider in parking operations [3]. - The partnership is seen as a significant step for Jieshun Technology to deepen technological innovation and expand service boundaries, aiming to create a fully digital service chain for smart parks and communities [3]. - Tencent Cloud, as a leading cloud computing and AI service provider, will collaborate closely with Jieshun Technology to integrate innovative cloud technologies into practical applications for smart city development [3].

Market Performance - The Hong Kong stock market showed a strong upward trend in the morning session, with major indices reaching new highs. The Hang Seng Tech Index surged by 3.49%, surpassing 6200 points, while the Hang Seng Index and the National Enterprises Index rose by 1.41% and 1.78%, respectively, with the Hang Seng Index approaching the 27000 points mark [1] Key Stocks - Major technology stocks led the market rally, with Baidu experiencing a significant increase of 15.9%. Other notable performers included JD.com, Meituan, and Alibaba, each rising over 5%, while Tencent and Xiaomi also showed strength [1] - Semiconductor stocks gained traction as SMIC reportedly tested China's first domestic DUV lithography machine, with SMIC's stock climbing 5.7% to reach a new historical high [1] Sector Performance - The aviation sector continued to rise, supported by a more than 25% increase in daily flight ticket bookings during the National Day and Mid-Autumn Festival period, which is expected to enhance airline profitability [1] - Other sectors that saw gains included Apple concept stocks, automotive stocks, robotics stocks, coal stocks, Chinese brokerage stocks, gaming stocks, and restaurant stocks [1] Declining Sectors - In contrast, spot gold prices fell below $3680, leading to declines in gold stocks and non-ferrous metal stocks. East Wu Cement experienced a nearly 11% drop following a 6.2% year-on-year decrease in national cement production in August [1] - The biopharmaceutical sector saw a majority of stocks retreat, while property management, steel, and sports goods sectors exhibited weak performance [1]

Core Insights - Kristina Snaith-Lense has been appointed as the General Manager of the Shenzhen House Hotel, which is the first new project by Swire Hotels in nearly nine years and marks the company's entry as a hotel operator [1][3] - The Shenzhen House Hotel is strategically located in the Shenzhen Bay area, which is a hub for high-end enterprises and cultural facilities, indicating a strong market potential for luxury hotels in the region [2][4] - The hotel is designed by renowned architect Ole Scheeren and will feature 115 guest rooms and 44 serviced apartments, with a focus on integrating wellness and health concepts into the guest experience [3][4] Company Overview - Swire Hotels has a history of collaboration with designer André Fu, who has previously worked on successful projects like the Hong Kong House Hotel, indicating a strong design pedigree for the Shenzhen House Hotel [3][7] - The hotel is part of a larger mixed-use development that includes office, residential, and commercial spaces, showcasing a trend towards integrated urban developments [2][4] - The appointment of Kristina Snaith-Lense, who has a successful track record in hotel management, signals a commitment to high standards in service and brand identity for the new hotel [3][4] Industry Trends - The shift towards a light-asset model in the high-end hotel market is evident, with Swire Hotels focusing on brand management rather than ownership, reflecting a broader trend among Hong Kong-based luxury hotel brands [10][14] - The emphasis on utilizing existing high-quality properties in prime locations for hotel development is becoming a strategic focus, as it allows for quicker market entry and lower costs compared to new builds [10][11] - The collaboration between Hong Kong-based hotel brands and local state-owned enterprises is increasing, as seen in recent projects, which enhances the viability of hotel operations in competitive markets [11][12]

Group 1 - The Hong Kong stock market indices have risen, with Baidu Group increasing by over 14% following a strategic cooperation agreement with China Merchants to explore "AI + industry" new paths [1] - Other companies such as JD Group, Meituan, and SMIC have also seen increases of over 5%, while Alibaba rose by 4.69%, reaching a nearly four-year high [1] - The Hang Seng Technology ETF (513010) has gained 3.08% year-to-date, with a total increase of over 39% [1] Group 2 - Significant capital inflow has been observed in Hong Kong stocks this year, with ETFs becoming a crucial tool for capital allocation [1] - The Hang Seng Technology ETF (513010) has received a net inflow of 3.278 billion yuan in the last 20 days, bringing its latest scale to 19.202 billion yuan [1] - The ETF tracks the Hang Seng Technology Index, bundling core Chinese technology assets, including Tencent, NetEase, Alibaba, SMIC, Xiaomi, and Baidu, with a low comprehensive fee rate of 0.25% [1] Group 3 - The profitability of Hong Kong stocks is improving, with the Hang Seng Technology Index showing the highest growth rates [1] - By Q2 2025, the revenue and net profit growth rates for the Hang Seng Technology Index are expected to lead among major indices, with year-on-year revenue growth of 14.43% and net profit growth of 16.18% [1] - In comparison, the revenue and net profit growth rates for the Hang Seng Index and other indices are lower, indicating a stronger performance for the technology sector [1] Group 4 - Guolian Minsheng Securities notes that the ROE-TTM of the Hang Seng Technology Index remains relatively superior [2] - Bloomberg consensus forecasts suggest that the ROE of the Hang Seng Technology Index may further recover in the next two years, narrowing the gap with other emerging markets [2] - The sector is expected to benefit from a continuation of favorable market conditions and global capital reallocation [2]