Core Insights - Tencent Weibo's 2025 claims service annual report reveals a cumulative claims amount of 8.4 billion yuan and over 25.76 million claims processed by the end of 2025 [1] - The report indicates significant increases in specific claims among different age groups, with allergic rhinitis claims among youth rising by 176.4%, cancer claims among the elderly increasing by 39.4%, and rising risks of liver disease and hypertension in middle-aged individuals [1] Claims Analysis - The total claims processed by Tencent Weibo reached 8.4 billion yuan, with 25.76 million claims and 10.9 million individuals served [1] - Youth claims for allergic rhinitis saw a dramatic increase of 176.4% year-on-year, while cancer claims for the elderly rose by 39.4% [1] - Middle-aged individuals are experiencing increased risks for liver disease and hypertension [1] Property Insurance Insights - Car insurance claims are most frequent during peak hours, while claims during late-night to early morning periods, although fewer, have an average claim amount 40% higher than daytime claims, indicating a significant increase in severe collision risks [1] - The top three causes of home insurance claims are pipe bursts, heavy rain, and storms, suggesting a need for residents to enhance regular maintenance and seasonal disaster preparedness [1] Pet Health Claims - Medical claims for pets, particularly cats and dogs, are heavily concentrated on digestive system emergencies, with 68.2% of dog claims related to this issue [1]

Group 1 - Tencent Holdings repurchased 1.012 million shares on January 13 at prices ranging from HKD 623.000 to HKD 638.000, totaling HKD 635.96 million [1] - The stock closed at HKD 627.500 on the same day, reflecting a 0.72% increase, with a total trading volume of HKD 15.224 billion [1] - Since November 18, 2025, the company has conducted buybacks for 38 consecutive days, acquiring a total of 39.454 million shares for a cumulative amount of HKD 24.158 billion [1] Group 2 - Year-to-date, Tencent has completed 8 buybacks, totaling 8.182 million shares and an aggregate amount of HKD 5.086 billion [1] - During the buyback period, the stock has experienced a cumulative decline of 1.41% [1] - The detailed buyback data includes the highest and lowest prices for each transaction, with the highest price recorded at HKD 638.000 on January 6, 2026 [1]

Market Overview - On January 13, the Hang Seng Index rose by 0.90%, closing at 26,848.47 points, with a total net inflow of HKD 1.296 billion through the southbound trading channel [1][4] - The total trading volume for the southbound trading was HKD 137.348 billion, with a net buy of HKD 1.296 billion [1] Trading Activity - In the Shanghai-Hong Kong Stock Connect, the trading volume was HKD 82.493 billion, with a net buy of HKD 0.149 billion, while the Shenzhen-Hong Kong Stock Connect had a trading volume of HKD 54.855 billion and a net buy of HKD 1.147 billion [1] - The most actively traded stock in the Shanghai-Hong Kong Stock Connect was Alibaba-W, with a trading amount of HKD 81.051 billion, followed by Tencent Holdings and Xiaomi Group-W, with trading amounts of HKD 29.445 billion and HKD 28.570 billion, respectively [1][3] Stock Performance - In terms of net buy amounts, Xiaomi Group-W led with a net buy of HKD 0.324 billion, despite its closing price dropping by 1.96% [1] - Alibaba-W had the highest net buy in the Shenzhen-Hong Kong Stock Connect, amounting to HKD 1.161 billion, with its closing price increasing by 3.63% [2][3] - The stock with the highest net sell was China Mobile, with a net sell of HKD 0.804 billion, and its closing price decreased by 0.25% [1][3] Detailed Trading Data - The top ten actively traded stocks in the southbound trading included: - Alibaba-W: HKD 81,050.183 million (net sell: HKD 9.046 million, daily change: +3.63%) [3] - Tencent Holdings: HKD 29,449.159 million (net buy: HKD 0.661 million, daily change: +0.72%) [3] - Xiaomi Group-W: HKD 28,572.459 million (net buy: HKD 32.370 million, daily change: -1.96%) [3] - SMIC: HKD 22,715.902 million (net sell: HKD 17.347 million, daily change: -1.13%) [3]

Market Overview - On January 13, the Hang Seng Index rose by 0.90%, with total southbound trading amounting to HKD 137.35 billion, including buy transactions of HKD 69.32 billion and sell transactions of HKD 68.03 billion, resulting in a net buying amount of HKD 1.30 billion [1] Southbound Trading Activity - The southbound trading through Stock Connect (Shenzhen) recorded a total trading amount of HKD 54.86 billion, with buy transactions of HKD 28.00 billion and sell transactions of HKD 26.85 billion, leading to a net buying amount of HKD 1.15 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total trading amount of HKD 82.49 billion, with buy transactions of HKD 41.32 billion and sell transactions of HKD 41.17 billion, resulting in a net buying amount of HKD 0.15 billion [1] Active Stocks - Alibaba-W was the most actively traded stock with a total trading amount of HKD 139.06 billion and a net buying amount of HKD 10.71 billion, closing with a price increase of 3.63% [1][2] - Tencent Holdings followed with a total trading amount of HKD 52.93 billion and a net buying amount of HKD 7.56 billion, closing with a price increase of 0.72% [1][2] - Xiaomi Group-W had a total trading amount of HKD 49.62 billion and a net buying amount of HKD 6.07 billion, closing with a price decrease of 1.96% [1][2] Continuous Net Buying and Selling - Three stocks experienced continuous net buying for more than three days, with Xiaomi Group-W, Tencent Holdings, and Kuaishou-W having net buying days of 9, 5, and 3 respectively [2] - Tencent Holdings had the highest cumulative net buying amount of HKD 69.99 billion, followed closely by Xiaomi Group-W with HKD 69.33 billion [2] - Two stocks faced continuous net selling, with China Mobile and Meituan-W having net selling amounts of HKD 52.84 billion and HKD 11.67 billion respectively [2]

Core Viewpoint - The company confirms that its strategic cooperation with Tencent Health is part of its normal business operations and does not have any undisclosed information that would affect its stock price [1] Group 1 - The company’s board is aware of recent news reports regarding its strategic cooperation with Tencent Health [1] - The board conducted reasonable inquiries and confirmed that the cooperation is part of the company's routine business activities [1] - The board does not have knowledge of any reasons for the recent increase in the company's stock price or any information that would require disclosure under relevant regulations [1]

Core Insights - Tencent's insurance platform, Weixin Insurance, reported a cumulative claim amount of 8.4 billion yuan and over 25.76 million claims processed by the end of 2025 [1] - The platform introduced a "Commercial Insurance Direct Payment" feature in collaboration with WeChat Pay, allowing for simultaneous settlement of medical insurance and commercial insurance claims at designated hospitals [1] - Weixin Insurance upgraded its "WeChat Quick Claim" service, promising claim processing times of one day for outpatient services and three days for inpatient services [1] Group 1 - By December 31, 2025, Weixin Insurance had served 10.9 million claimants [1] - The "Commercial Insurance Direct Payment" feature represents a significant innovation in insurance claim processing, streamlining the reimbursement process [1] - The "WeChat Quick Claim" service has expanded to cover over 12,000 public hospitals across the country [1] Group 2 - Tencent Weixin Insurance has implemented AI capabilities to enhance the claims process, including automatic claim reporting and 24/7 online assistance [2] - The AI-driven system allows for efficient claim submission and provides clear explanations of claim notifications [2] - In 2025, the service model will extend to auto insurance, enabling users to report claims regardless of the insurance platform [2]

Group 1 - The core viewpoint of the news is that Tencent's insurance platform, Tencent Weibao, has significantly upgraded its claims service model, achieving a cumulative claims amount of 8.4 billion yuan and serving over 10.9 million claimants by the end of 2025 [1][2] - Tencent Weibao launched the "Commercial Insurance Direct Payment" service in collaboration with WeChat Pay, allowing for a seamless settlement process that reduces the claims cycle to seconds, enhancing user experience [2] - The "WeChat Quick Claims" service has expanded its coverage to 34 provincial-level administrative regions and over 12,000 public hospitals, with a commitment to expedite claims processing times to one day for outpatient services and three days for inpatient services [2]

Core Viewpoint - Ark Health (06086) has seen a significant stock price increase of 73.84%, reaching HKD 4.12, with a trading volume of HKD 501 million, following its collaboration with Tencent Health on an "AI + Chronic Disease Management" solution [1][1]. Group 1: Company Developments - Ark Health and Tencent Health held a launch event for their "AI + Chronic Disease Management" solution, indicating a new developmental phase in the domestic chronic disease management sector [1][1]. - The partnership aims to provide comprehensive support for industry partners, covering everything from technology validation to scenario implementation and large-scale deployment [1][1]. Group 2: Industry Impact - This collaboration is expected to inject new momentum into the industry's development towards intelligence, compliance, and efficiency [1][1].

Core Insights - The global mobile game market is projected to reach $82.3 billion in 2025, with a year-on-year growth of 1.3% [1] - Chinese mobile game publishers maintain a strong market position, generating $23.3 billion in revenue, accounting for 35% of the total revenue of the top 100 publishers globally [1] - The growth of the mobile game market is characterized by structural opportunities, particularly in the merging game genre, which saw a significant increase of 95% to $2.4 billion [2] Group 1 - Tencent remains the top global mobile game publisher, with flagship titles like "Honor of Kings" and "Peacekeeper Elite" contributing to stable revenue, exceeding $2 billion in annual income for "Honor of Kings" [1] - The new shooting game "Delta Force" from Tencent has shown significant revenue growth, becoming a key driver for the company's annual income [1] - The merging game genre is highlighted as a major growth area, with companies like Didi Interactive and Lemon Microfun achieving revenue increases of 87% and 165% respectively, propelling them to the second and fourth positions among Chinese publishers [2][3] Group 2 - The global strategy mobile game market grew by 20% in 2025, surpassing $20 billion, driven by the trend of gameplay fusion [2] - New entries in the overseas revenue rankings include games that combine strategy and shooting elements, indicating a successful adaptation to market demands [2] - Companies like Zhe Paper Network and Giant Network have also seen significant revenue growth through innovative content updates and new game releases, with Zhe Paper's "Love and Deep Space" achieving a 44% increase [3]

Core Viewpoint - Tencent Holdings Limited has reduced its stake in BOSS Zhipin (02076) by selling 19.4757 million shares at a price of HKD 79.96 per share, totaling approximately HKD 1.557 billion, resulting in a new holding of about 54.9722 million shares, representing a 6.57% ownership [1] Group 1 - Tencent sold 19.4757 million shares of BOSS Zhipin at HKD 79.96 each [1] - The total amount raised from the sale is approximately HKD 1.557 billion [1] - After the sale, Tencent's remaining shares in BOSS Zhipin are approximately 54.9722 million, equating to a 6.57% ownership stake [1]