Group 1 - The user base of micro-short dramas in China reached 662 million by December 2024, with a half-year growth rate of 14.8%, accounting for 59.7% of the total internet users, an increase of 7.3 percentage points in just six months [1] - The market size for micro-short dramas in China is projected to reach 50.44 billion yuan in 2024, representing a year-on-year growth of 34.9%, surpassing the total box office revenue of mainland films, which was 42.50 billion yuan [2] - The user engagement in micro-short dramas is increasing, with the average daily usage time rising from 90 minutes to 101 minutes, matching that of instant messaging applications [1] Group 2 - The Red Fruit Short Drama app, launched by ByteDance, has rapidly expanded its market presence, achieving 158 million monthly active users by December 2024, and further increasing to 166 million by January 2025, leading the short drama app market [4] - The overseas micro-short drama market is experiencing significant growth, with a market size of 5 billion yuan in 2024, reflecting a 2.56 times increase from December 2023 to June 2024 [8] - The cumulative download of overseas micro-short drama apps exceeded 370 million in 2024, marking an 11.6 times increase compared to the same period in 2023, indicating strong market demand and growth potential [8] Group 3 - The global micro-short drama market has shown rapid expansion, with the United States, Japan, Australia, the United Kingdom, and South Korea being the top five countries in terms of app recharge rankings in 2024 [10] - By December 2024, revenue and download data for overseas short dramas have been generated in 173 countries and regions, highlighting the widespread international interest in this content format [10]

6月19日，微信安全中心发布《针对"清退回款"类诈骗行为的打击公告》称，近期收到用户投诉， 有不 法分子冒充官方机构发布退款通知，声称可退还前期缴纳的费用，诱导用户联系虚假客服，以购买理财 产品返款或资金账户被冻结等借口实施诈骗 。 为保护用户的合法权益，依据国家相关法律法规及《腾讯微信软件许可及服务协议》《微信个人账号使 用规范》等平台各项规范， 上述行为一经发现核实，平台将进行相应的处罚，对于多次违规者，将加 重处罚 。 | 部分违规账号公示 | | | --- | --- | | 用户名 | 昵称 | | Lum*******810 | 李*图 | | Mia********811 | 半*冰 | | liu*******102 | Ne***情 | | LYD*******418 | 杨* | | lhh*******965 | 雨* | | Gio*******ivi | ■*^ | | Zha*******384 | 张* | | l13*******787 | l*n | | ZXd*******450 | X***赵 | | lil******192 | 知***E | | Tw0****** ...

"佩戴上这款搭载微信虹膜识别技术的扩展现实（XR）眼镜，使用我们完成身份验证的体验账户，直视 付款码，按照提示轻按眼镜右侧的按钮即可完成支付。"在近日举行的2025中国国际金融展（以下简 称"金融展"）上，微信支付展台挤满了前来解锁未来感支付体验的观众。 踏入金融展展馆，一股强烈的未来感扑面而来，各家金融机构和科技巨头纷纷亮出"看家本领"，在大数 据、区块链、人工智能、生物身份识别技术等前沿领域同台竞技，为观众打造一场规模盛大的金融科技 盛宴。 除了"机器人大堂经理"外，本届金融展还集中亮相了众多突破性、前沿性的金融科技创新成果。"这款 设备是我们微信支付正在研发的一款刷掌车机，预计会在今年下半年正式上线，目前在我们内部的一些 场景试点。扫码、刷掌、刷卡三个功能都可以在刷掌车机上实现，而且采用了独特技术，可以保证在颠 簸或高温、低温的环境下都能正常使用。"微信支付展台工作人员陈羽一边向《金融时报》记者演示刷 掌车机的使用方法一边介绍。 一位参观者向记者分享了他的刷掌支付初体验："扫码、刷掌、刷卡三个功能在一台机子上都能实现， 太方便了，希望能尽快用上。" "隐形"科技驱动行业升级 展会上不仅有看得见摸得着的酷 ...

Group 1 - The article presents the market capitalization changes of major global technology and internet companies as of June 20, 2025, highlighting both increases and decreases in their valuations [1][3][4] - Tesla's market cap increased by 1.82% to $103.73 billion, while Alibaba's decreased by 1.34% to $27.26 billion [3][4] - Companies like Uber and Palantir saw increases of 1.56% and 1.27% respectively, indicating positive market sentiment towards these firms [4][5] Group 2 - Notable declines were observed in companies such as ServiceNow, which fell by 2.27%, and Spotify, which decreased by 1.54% [4][5] - The overall performance of the technology sector appears mixed, with some companies like AMD and Adobe showing slight declines, while others like SK Hynix and Intel experienced gains [5][6] - The data reflects a competitive landscape where companies are continuously adjusting to market conditions, impacting their valuations significantly [6][7]

智通财经APP获悉，中银国际发布港股策略报告，香港金融市场流动性保持充裕，港股今年以来交易额 上升。截至今年6月18日，平均每日成交额达2,401亿港元，远高于去年同期的1,108亿港元及2024年全年 的1,318亿港元。恒生科技指数2025年以来累涨16.7%。该行建议投资者密切关注南向交易中一些活跃股 票，包括：阿里巴巴-W(09988)、美团-W(03690)、中国移动(00941)、腾讯控股(00700)、中芯国际 (00981)及理想汽车-W(02015)。 该行指，香港金融市场流动性充裕，隔夜拆借利率(HIBOR)接近零。尽管近几个月地缘政治风险上升， 但香港金融市场流动性充足，有助于稳定股市并改善市场情绪。自今年5月初以来，香港金管局通过外 汇市场操作向银行系统注入约1,289亿港元流动性，银行业总结余从2025年5月2日的446亿港元大幅增至 6月18日的1,735亿港元。同时，隔夜拆借利率从5月2日的4.22%骤降至6月18日的0.01%，显示香港金融 市场流动性极为充裕。 此外，香港首次公开募股(IPO)市场在市场流动性上升的背景下蓬勃发展。据WIND数据，2025年迄今香 港股市IPO ...

Group 1 - The Hong Kong Internet ETF (159568) has seen a net value increase of 45.44% over the past year, ranking 100 out of 2857 index stock funds, placing it in the top 3.50% [2] - The ETF has achieved a maximum monthly return of 30.31% since its inception, with the longest streak of consecutive monthly gains being 3 months and a maximum cumulative gain of 24.85% [2] - The ETF's historical one-year profit probability stands at 100%, with an average monthly return of 9.47% during the months it increased [2] Group 2 - The management fee for the Hong Kong Internet ETF is 0.50%, and the custody fee is 0.10%, which are the lowest among comparable funds [3] - The ETF has a tracking error of 0.050% over the past three months, indicating the highest tracking precision among comparable funds [3] - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the ETF is 21.75, which is below 89.43% of the time over the past year, indicating a historical low valuation [3] Group 3 - The top ten weighted stocks in the index include Alibaba-W (09988), Xiaomi Group-W (01810), Tencent Holdings (00700), Meituan-W (03690), and JD Health (06618), collectively accounting for 77.23% of the index [3] - The individual weightings of the top stocks are: Alibaba-W (18.49%), Xiaomi Group-W (15.72%), Tencent Holdings (14.90%), and Meituan-W (11.39%) [5] - The overall performance of the Hong Kong Internet Index reflects the competitive advantages of Hong Kong in economic performance, government efficiency, business efficiency, and infrastructure [1]

Summary of Key Points Core Viewpoint - On June 19, 36 Hong Kong-listed companies conducted share buybacks totaling 41.06 million shares, with a total buyback amount of 698 million HKD [1][2]. Group 1: Company Buyback Details - Tencent Holdings repurchased 1.002 million shares for 500 million HKD, with a highest price of 506.000 HKD and a lowest price of 496.200 HKD, bringing its total buyback amount for the year to 33.037 billion HKD [1][2]. - AIA Group repurchased 1.4 million shares for 94.1 million HKD, with a highest price of 68.250 HKD and a lowest price of 66.600 HKD, totaling 13.729 billion HKD in buybacks for the year [1][2]. - Pacific Basin Shipping repurchased 19 million shares for 38.6 million HKD, with a highest price of 2.070 HKD and a lowest price of 2.020 HKD, totaling 164 million HKD in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on June 19 was from Tencent Holdings at 500 million HKD, followed by AIA Group at 94.1 million HKD [1][2]. - In terms of share quantity, Pacific Basin Shipping led with 19 million shares repurchased, followed by COSCO Shipping Development and China Eastern Airlines with 5 million and 2.5 million shares, respectively [1][2].

港股开盘，恒指开涨0.23%，科指开涨0.3%。泡泡玛特(09992.HK)持续回调，开跌6.2%；科技股走高， 腾讯控股(00700.HK)涨1.3%，阿里巴巴(09988.HK)涨0.9%。 ...

Core Insights - Tencent Cloud has launched the first full-chain AI application development platform in China, providing comprehensive services from model pre-training, development, testing to deployment [1] Group 1 - The platform supports rapid development of multi-modal AI applications, including image, video, and voice [1] - The initiative aims to lower the barriers for AI application development [1] - The platform is designed to accelerate AI innovation and application [1]

6 月 16 日，腾讯 AI Lab 推出并开源 SongGeneration 音乐生成大模型，专注解决音乐 AIGC 中 音质、音乐性与生成速度 这三大共性难题，基于 LLM-DiT 的融合架 构，模型在保持 生成速度 的同时，显著提升了 音质表现 ，生成歌曲的准确度相较部分商业闭源模型表现出相当甚至更优的质量，同时在 整体表现、旋律、伴 奏、音质与结构 等维度也优于现有多数开源模型。 此外，SongGeneration 模型还支持 文本控制、多轨合成 与 风格跟随 等功能，既满足面向 C 端创作者的可玩性，又兼具 B 端的稳定性与拓展性，构建出面向未来 的音乐 AI 生产力工具。 图 1 商业模型主观评测结果 图 2 开源模型主观评测结果 相较于传统基于规则或小型模型的方式，基于大模型的音乐生成模型在旋律的长程连贯性、潜在风格迁移能力以及音色建模的表达维度上，展现出更强的泛化能 力和生成潜力。AI 音乐创作正从过去的 "辅助工具" 迈向 "智能共创" 的新阶段，被广泛应用于短视频配乐、游戏音效、虚拟人演出、商业广告以及个人音乐创作 等场景。 当前主流音乐生成大模型虽已初步实现 "文本到音乐" 的生成能力， ...