Core Viewpoint - Kuaishou, a well-known short video platform in China, experienced a significant network attack that led to the appearance of illegal content in multiple live streams, prompting the company to take immediate action by reporting the incident and removing the content [1][3]. Group 1: Impact on Users - The network attack caused Kuaishou's security system to collapse within 60 to 90 minutes, indicating a rare and large-scale automated attack [3]. - Experts suggest that the attack may have been orchestrated by foreign hackers, although a definitive classification of the incident is still pending further investigation [3][4]. - Users face risks such as potential theft of personal information, usage records, and consumption data if the platform lacks a robust security system [5]. Group 2: Security Breach Mechanism - Kuaishou's platform, despite having a stringent review system, was breached as hackers bypassed firewalls and both human and AI monitoring [7]. - The attack's effectiveness was attributed to the shift towards "automated attacks," while the platform relied on traditional human defenses, leading to a mismatch in defense capabilities [7][10]. - The timing of the attack during peak user activity further exacerbated the platform's vulnerability [7]. Group 3: Recommendations for Enhanced Security - Experts emphasize the need for platforms to prioritize network security over traffic, advocating for improved content review mechanisms and a comprehensive security framework [7][10]. - The implementation of AI-driven automated security measures is crucial to counteract the evolving tactics of hackers [10]. - Regular risk simulations and internal vulnerability assessments are recommended to identify and strengthen weak points in security defenses [11].

12 月 22 日微博有个热搜： #明年起向好友发淫秽信息违法 # 该话题主持人由"南方日报"，截至目前已有近 2 亿的阅读量。这个话题火了后，还衍生出 #向好友发不雅照片 算违法 # 等热门话题。 22 日晚间，快手遭受黑灰产攻击，直播间涌现大量涉黄直播。《 快手深夜变"快播"，10 个直播七八个涉黄， 网友称举报都没用。官方称遭攻击已报警！ 》 23 日，新法规相应话题继续发酵热议，不少讨论似乎有点过度解读了。 开始有媒体和大V发文，表示"不要加码解读"： "再细的法律也有模糊地带，正常情况下，对模糊地带的解读应该朝着宽松的方向进行，特别是涉及民生和大 众利益的事项，尤其不应朝着严厉的方向揣摩、推动。越管越对，越严越好不应成为涉性领域的价值取向，也 不应是其他事情不明朗时的默认方向。" 于是出来了一个调侃段子"明年起传播淫秽信息违法，所以快手今年起直播看"，昨天趣图。 23 日晚间，央视新闻采访了一些法律专家，发文解读新法规，转载如下。 《 向好友发不雅照算违法？解读来了》 "向好友发不雅照即违法"是误读！ 辨析：何为"淫秽"？执法的边界在哪里？ 不过，这样的误读依然引发了公众的广泛传播与争论——首先，" ...

Core Viewpoint - Kuaishou faced a significant black market attack on December 22, leading to a temporary shutdown of its live streaming services, which raised concerns about the platform's security measures and response time [1][2][3] Group 1: Incident Overview - The attack occurred around 10 PM on December 22, causing a widespread disruption in live streaming across the platform, with users reporting a sudden halt in content [1] - During the incident, a user witnessed inappropriate content being streamed for less than a minute, with online viewers peaking at 260,000 before the stream was abruptly closed [3][5] - Kuaishou confirmed the attack and stated that they had reported the incident to relevant authorities and were in the process of addressing the issue [1][2] Group 2: User Impact and Reactions - Many users were unaware of the attack and assumed the platform was experiencing technical difficulties, leading to confusion among content creators and viewers alike [5] - Following the incident, Kuaishou's app saw a surge in downloads, ranking second in the free app category on the Apple App Store, despite the ongoing issues [2] - There were rumors circulating on social media that the compromised streams contained virus links, leading to potential account theft and scams targeting users [5] Group 3: Security Concerns - Experts indicated that the platform's existing content moderation systems were overwhelmed by the sudden influx of inappropriate content, highlighting a need for improved security measures [1][3] - The decision to halt live streaming took approximately two hours, raising questions about the efficiency of Kuaishou's response protocols during such incidents [1][3]

Core Viewpoint - Kuaishou Technology, one of China's largest short video platforms, experienced a significant cyber attack on December 22, leading to the broadcast of inappropriate content on its live streaming channels, marking one of the largest security incidents in the Chinese internet sector in recent years [2][11]. Group 1: Incident Details - The cyber attack resulted in a peak of nearly 100,000 viewers in some live streaming rooms, prompting Kuaishou to temporarily suspend its live streaming services [2]. - Following the attack, Kuaishou's stock price fell nearly 6% at the opening of the Hong Kong stock market, closing with a decline of 3.52% [2]. - Kuaishou reported that the platform was targeted by black and gray market attacks, and they have since implemented emergency measures to restore normal service [2][11]. Group 2: User Impact and Response - The incident led to a surge in Kuaishou's visibility on social media, with the app climbing to the second position in the Apple App Store download rankings in China, surpassing other competitors [4]. - There were rumors regarding potential security breaches affecting WeChat accounts, which were later debunked by WeChat officials [4]. - Kuaishou is reportedly intensifying its recruitment for security positions, although some job postings predate the attack [6]. Group 3: Security Analysis - Experts suggest that the attack was likely a well-organized external hacking effort, exploiting vulnerabilities in the live streaming interface and bypassing Kuaishou's content review processes [8]. - The incident highlights significant vulnerabilities in Kuaishou's risk control and security defense systems, as traditional manual defenses are inadequate against automated attacks [8][9]. - The complexity of live content moderation poses unique challenges, making it more susceptible to attacks compared to static content [9]. Group 4: Financial Implications - Kuaishou's live streaming business, which accounted for 26.9% of total revenue in Q3 2025, is under scrutiny due to the potential impact of this incident on its operations [11]. - The company has issued a warning to investors regarding the potential risks associated with trading its securities following the attack [11].

阻断黑灰产攻击为什么需要长达两个小时？有网络安全专家向贝壳财经记者表示，正常情况下平台通常会有针对 低俗、色情、暴力等内容的视频审核服务。而一旦违规内容集中爆发，原本准备的视频智能审核的云投入的并发 不够大，可能审核能力无法实时完成，也就造成了失控。而企业做出关停直播的决策也需要时间。 虽然快手按下了紧急制动"按键"，但互联网的热度却不断飙升。苹果应用商店截图显示，截至12月23日午间，快 手升至免费App（应用程序）排行榜第二名，快手极速版排名第15。 23日凌晨，贝壳财经记者自快手获悉，平台于22日22时左右遭到黑灰产攻击，已紧急处理修复中。"平台坚决抵制 违规内容，相应情况已上报给相关部门，并向公安机关报警。" 从攻击发生到平台做出"拉闸"的决断，据记者采访获取的信息计算，大约经历了漫长的两个小时。 黑灰产攻击让快手猝不及防。 "快手直播间出事了。"12月22日，接近午夜时分，类似的消息在网上流窜，大量网友在并不知晓详情的情况下涌 入快手直播间"吃瓜"。有网友告诉贝壳财经记者，自己只看到了不到一分钟的"传说中的内容"，直播间快速关 闭。 几乎在同一时间，正在直播的电商商家也被迫中断，全平台直播陷入宕机状 ...

Core Viewpoint - The recent coordinated attack on Kuaishou's live streaming platform by black and gray market organizations highlights significant vulnerabilities in the platform's governance and security systems, exacerbated by advancements in AI technology [2][18]. Group 1: Incident Overview - On December 22, a large-scale attack led to the emergence of numerous illegal live streaming rooms on Kuaishou, with some attracting nearly 100,000 viewers, while the platform's review and banning systems failed [2][18]. - Kuaishou implemented a "no-difference shutdown" measure to close all live channels, regaining control after approximately two hours [2][18]. - This incident is noted as one of the largest governance failures in the mobile internet's history, revealing systemic shortcomings in the platform's defense mechanisms [2][18]. Group 2: Attack Mechanism - The attack involved several sophisticated techniques, including the use of "verification code platforms" to create a large number of zombie accounts and bypass real-name authentication [4][20]. - Attackers employed high-frequency IP rotation and device fingerprint manipulation to mimic normal user behavior, evading real-time risk control systems [4][20]. - The exploitation of vulnerabilities in the live streaming protocol allowed attackers to inject illegal streams directly into the CDN network, resulting in a massive application-layer DDoS attack [4][20]. Group 3: AI's Role in Cybersecurity Threats - The rapid development of AI has significantly enhanced the capabilities of hackers, enabling them to conduct attacks with minimal intervention [5][21]. - Black market organizations are increasingly utilizing AI to automate and optimize their operations, leading to a structural leap in their technological capabilities [5][21]. - The shift towards AI agents capable of understanding commands and executing actions with high human-like fidelity poses a serious threat to traditional behavior-based risk control measures [6][21]. Group 4: Impact on Kuaishou - Following the incident, Kuaishou's stock price plummeted, with a market value loss exceeding 10 billion yuan, reflecting investor distrust [7][22]. - The incident exposed deficiencies in Kuaishou's emergency management and risk control systems, which failed to respond effectively to the attack [7][22]. - There are concerns regarding the platform's ability to manage its vast number of accounts and the effectiveness of its monitoring systems [7][22]. Group 5: Broader Implications for Internet Security - The incident underscores a broader issue of inadequate cybersecurity awareness among domestic companies, which often meet only the minimum legal standards for cybersecurity [8][23]. - The black and gray market has become a systemic issue within the internet ecosystem, undermining the authority of rules, the authenticity of data, and the credibility of identities [9][24]. - Kuaishou's failure to address the social impact of the incident and its lack of public apology may further erode trust in its governance and operational integrity [28][29].

Market Overview - The Hong Kong stock market opened slightly higher on December 24, with the Hang Seng Index rising 0.02% to 25,780.09 points, the Hang Seng Tech Index up 0.07% to 5,492.83 points, the National Enterprises Index increasing by 0.09% to 8,922.07 points, and the Red Chip Index gaining 0.19% to 4,075.35 points [1] Company News - Pacific Basin Shipping (02343.HK) plans to acquire four newly built small handy bulk carriers for USD 119 million [2] - Xinyi Energy (03868.HK) intends to acquire 100% equity of Jinzhai Xinyi Wind Power for HKD 62 million [3] - Tianjin Port Development (03382.HK) proposes to sell 60% equity of China Railway Storage and Transportation for HKD 22.52 million, primarily engaged in coal sales [4] - Shandong Xinhua Pharmaceutical (00719.HK) has received a drug registration certificate for its Oseltamivir phosphate dry suspension [5] - Yiyuan Yuan (08223.HK) has entered into a strategic cooperation framework agreement with Pengfeng Technology to explore digital transformation opportunities in the traditional Chinese medicine industry [5] - Yihua Tong (02402.HK) completed a placement of 8.88 million shares, raising HKD 198 million, primarily for repaying bank loans [7] - Runge Interactive (02422.HK) plans to place up to 160 million shares at a discount of approximately 19.44%, raising about HKD 68.6 million [8] - Tencent Holdings (00700.HK) repurchased 1.051 million shares for HKD 636 million at prices between HKD 602.5 and HKD 613.5 [9] - Kuaishou-W (01024.HK) repurchased 2.7176 million shares for HKD 174 million at prices between HKD 63.7 and HKD 64.65 [10] - Xiaomi Group-W (01810.HK) repurchased 3.75 million shares for HKD 147 million at prices between HKD 39.1 and HKD 39.28 [11] - COSCO Shipping Holdings (01919.HK) repurchased approximately HKD 65.48 million worth of shares, totaling 4.7215 million shares at prices between HKD 13.75 and HKD 13.93 [12] - Huaxin Cement (06655.HK) shareholder Huaxin Group plans to increase its holdings in the company's A-shares by HKD 200 million to HKD 400 million [13] Institutional Insights - Dongwu Securities suggests that while there may be short-term opportunities in the Hong Kong market, it is advisable to maintain a cautious stance. The current position is seen as attractive for medium to long-term allocation, with potential for a "Christmas rally" in US tech stocks that could resonate with Hong Kong tech stocks, although there are concerns about stock unlocks affecting the market [14] - Founder Securities highlights strong demand for energy storage, benefiting both power batteries and energy storage batteries, with expected growth rates of over 15% and 40% respectively by 2026. The lithium market is also expected to see a gradual recovery in supply-demand dynamics, with prices likely to rise [14] - CICC forecasts that global tungsten production will increase from 82,800 tons in 2025 to 89,900 tons by 2028, while demand will rise from 102,100 tons to 110,000 tons, indicating a persistent supply-demand gap. The demand for tungsten-based new materials is expected to grow due to advancements in manufacturing and new applications [15]

智通财经APP获悉，摩比发展(00947)、瑞声科技(02018)、富智康集团(02038)、吉利汽车(00175)、昊海 生物科技(06826)、VITASOY INT'L(00345)、永升服务(01995)、希玛眼科(03309)、歌礼制药-B(01672)、 亲亲食品(01583)、周黑鸭(01458)、绿城服务(02869)、中国旭阳集团(01907)、柠萌影视(09857)、移卡 (09923)、联易融科技-W(09959)、枫叶教育(01317)、信利国际(00732)、创新奇智(02121)、天福 (06868)、百宏实业(02299)、天润云(02167)、海吉亚医疗(06078)、巨子生物(02367)、天伦燃气(01600)、 IGG(00799)、滨海投资(02886)、首程控股(00697)、腾讯控股(00700)、天虹国际集团(02678)、中远海控 (01919)、同道猎聘(06100)、易点云(02416)、明源云(00909)、鹰瞳科技-B(02251)、津上机床中国 (01651)、名创优品(09896)、小米集团-W(01810)、天立国际控股(01773)、一脉阳光(N ...

备注：以上数据由格隆汇数据中心根据港交所数据加工计算所得，并不保证100%精确。 本文源自：格隆汇 格隆汇勾股大数据显示，腾讯控股(00700)、快手-W(01024)、小米集团-W(01810)、中远海控(01919)、 三花智控(02050)、吉利汽车(00175)、金山软件(03888)、巨子生物(02367)、首程控股(00697)、明源云 (00909)、瑞声科技(02018)、科济药业-B(02171)、津上机床中国(01651)、德康农牧(02419)、同道猎聘 (06100)、海吉亚医疗(06078)、绿城服务(02869)、海尔智家(06690)、富智康集团(02038)、趣致集团 (00917)、连连数字(02598)、歌礼制药-B(01672)、创新奇智(02121)、多点数智(02586)、一脉阳光 (02522)、名创优品(09896)、易点云(02416)、联易融科技-W(09959)、中国旭阳集团(01907)、北森控股 (09669)、中远海发(02866)、汇通达网络(09878)、VITASOY INT'L(00345)、博雅互动(00434)、信利国际 (00732)、枫 ...

Group 1 - The top short-selling stocks include China Resources Beer (80291) with a short-selling ratio of 100.00%, Lenovo Group (80992) at 91.04%, and BYD Company (81211) at 90.24% [1][2] - The highest short-selling amounts are led by Alibaba (09988) at 1.293 billion, Tencent Holdings (00700) at 1.057 billion, and Xiaomi Group (01810) at 0.925 billion [1][2] - The stocks with the highest deviation values are China Resources Beer (80291) at 31.62%, Lenovo Group (80992) at 17.55%, and BYD Company (81211) at 32.51% [1][2] Group 2 - The top short-selling ratio rankings show that China Resources Beer has the highest ratio at 100.00%, followed by Lenovo Group at 91.04% and BYD Company at 90.24% [2] - The top short-selling amounts indicate that Alibaba leads with 1.293 billion, followed by Tencent at 1.057 billion and Xiaomi at 0.925 billion [2] - The highest deviation values are recorded for China Resources Beer at 31.62%, Xiaomi at 35.05%, and BYD at 32.51% [2]