Core Viewpoint - The Hong Kong stock market experienced significant net selling from northbound capital, totaling HKD 40.57 billion, with a net sell of HKD 54.95 billion from the Shanghai-Hong Kong Stock Connect and a net buy of HKD 14.38 billion from the Shenzhen-Hong Kong Stock Connect [1] Group 1: Northbound Capital Activity - Tencent (00700) saw the highest net buy of HKD 8.18 billion, driven by its strong performance in the AI sector during the Spring Festival, with MAU reaching 114 million and DAU peaking over 50 million [4][5] - Alibaba (09988) recorded a net buy of HKD 6.06 billion, following the release of new AI models, which are expected to enhance its cloud services [5] - Meituan (03690) and Xiaomi Group (01810) received net buys of HKD 6.77 billion and HKD 5.38 billion, respectively, indicating positive investor sentiment towards these companies [8] Group 2: Net Selling Activity - The largest net sell was observed in the Yingfu Fund (02800) and the Hang Seng China Enterprises Index (02828), with net sells of HKD 44.1 billion and HKD 11.36 billion, respectively [6] - China Merchants Energy (01138) faced a net sell of HKD 3.57 billion, despite a temporary increase in VLCC freight rates during the Spring Festival [7] - The Southbound capital's activity reflects a cautious but optimistic outlook for the Hong Kong stock market, with structural opportunities remaining despite external constraints [7]

Core Viewpoint - Xiaomi is challenging an Indian tax ruling that claims the company evaded $72 million in tariffs on royalty payments, which could have significant implications for the contract manufacturing industry in India [1][3][6]. Group 1: Tax Dispute Details - An Indian tax tribunal ruled that Xiaomi undervalued import values for at least three years leading up to 2020 by not including 2% to 5% royalties paid to foreign firms like Qualcomm [2]. - Xiaomi argues that the tribunal incorrectly classified it as the "beneficial owner" of the components, which led to the tax on royalties [3]. - The tribunal's decision is seen as damaging to established practices in the manufacturing sector, according to Xiaomi [4]. Group 2: Implications and Reactions - The case is being closely monitored by global investors and companies, as a ruling in favor of Indian authorities could increase scrutiny on royalty agreements across various sectors [6]. - If the ruling is upheld, it may empower authorities to seek taxes on other related payments made by companies exercising effective control over imported goods [6]. - Xiaomi's former contract manufacturers, Flextronics and Bharat FIH, are also contesting the tribunal's decision in the Supreme Court [5]. Group 3: Financial Impact - The customs tax demand of $72 million could escalate to over $150 million with interest and penalties if Xiaomi loses the case, which could strain the company's finances given its profits of $31.7 million in the 2023-2024 financial year [9]. - Additionally, approximately $610 million of Xiaomi India's bank funds have been frozen due to allegations of illegal remittances, further complicating the company's financial situation [10]. Group 4: Legal Proceedings - During a recent hearing, Xiaomi's lawyer argued that import taxes should be paid by the importers (contract manufacturers) and that royalties should not be taxable as they are not linked to imports [11]. - The Indian tax tribunal accused Xiaomi of "deliberate suppression of facts," asserting that royalties need to be taxed as they are for critical technology related to imported parts [11].

在这个算法取代人情、流程简化温度的时代，雷军的"笨办法"反而成了最戳心的答案。 正月初八的晨光刚漫过小米园区的玻璃幕墙，56岁的雷军已经系着红围巾站在队伍最前面。他手里的红 包封边角被体温焐得微热，身后13位高管排成一列，每个人脸上都带着和员工一样的笑意。这是他连续 第六年站在这里，没有话筒，没有演讲稿，只是重复着"新年好""辛苦了"，把红包一个个递到员工手 里。 更妙的是传播节奏：员工晒卡引发猜想，媒体跟进报道，网友自发讨论"小米福利有多好"。没有硬广， 没有KOL带货，一张小小的卡片就把"小米重视员工""SU7受欢迎"两个信息点送进了大众视野。雷军这 手"不花钱办大事"的营销，比任何发布会都来得实在。 三、隐藏好运卡的"情绪杠杆"：雷军的营销课从来没输过 一、从"发钱"到"走心"：仪式感里藏着管理的密码 开工红包不是新鲜事，但能让员工凌晨排队、晒图时嘴角藏不住笑的，小米算一个。有人说"不就是10- 100块吗？"可员工晒出的红包里，除了现金，还有马年纪念钞——那是2014年小米上市前的纪念币，如 今已是老员工的"青春凭证"；实习生也能领到专属红包，卡片上写着"欢迎加入，未来一起拼"。 这些细节里藏着雷军的 ...

据智通财经记者不完全统计，2月已有近十个汽车品牌推出"七年低息贷"金融政策，除前述品牌外，还 包括长安深蓝、长城哈弗、东风奕派、广汽埃安、蔚来及乐道等。若将统计周期拉长至1、2月份，这一 数字已增至二十余家。 首次在中国首次推出限时超长期购车方案的车企为特斯拉。特斯拉中国于今年初表示，用户下单Model 3或Model Y可享7年超低息，年化利率不足1%——购买Model 3首付7.99万元，月供可低至1918元； Model Y月供可低至2263元，日供只要74元。"超长期购车方案的推出，体现出了银行机构对于特斯拉 产品使用可靠性、寿命、产品力的信心与认可，合作银行包括中国银行、招商银行、平安银行等。"有 特斯拉门店销售人员告诉记者。 随后吉利、小米、理想、小鹏等车企迅速跟进，东风日产甚至推出了"8年超长期低息"方案，在0首付的 基础上，根据车型不同日供金额在27元至81元之间不等。 智通财经2月25日讯（记者 张屹鹏）马年丙午新春以来，多家车企相继发布"七年低息贷"金融政策，参 与这场"金融战"的汽车品牌阵容愈发壮大。 2月25日，比亚迪针对海洋网发布"7年低息"政策，日供低至29元起。此前一日，智己汽车 ...

"会学习"的农田作业机器人 可自动驾驶的小米SUV YU7 无人驾驶的百度"萝卜快跑" 会写书法的机械臂 会做冰淇淋、咖啡和摊煎饼的机器人 还有会舞狮的机器狗…… 当元宵灯火邂逅AI技术星河 当千年民俗碰撞海淀硬核智造 一场科技与传统的春日对话即将开始 2月28日至3月2日 "你好，AI——海淀北部片区 人工智能创新生态发展论坛" 将在中关村软件园国际会议中心盛大启幕 效果图 本次论坛是2026年海淀区经济社会高质量发展大会北部片区分论坛，由上地街道联合北部片区其他7个 街镇共同举办。活动采用"会展+活动+服务"联动模式，设置4大功能展区、近10场主题活动、近百家参 展企业……在三天时间里，为优秀企业搭建技术交流、资源对接的平台，也为市民朋友带来"看得见、 玩得转"的AI体验之旅。 【未来实验室】 四大展区边玩边学 看懂AI如何改变百姓生活 从"底层技术"到"场景应用" 再到"科技消费" 本次展会现场将引导观众 清晰读懂人工智能技术 想立刻体验AI成果？"AI市集·智能产品体验区"汇聚小度、科大讯飞、声智科技、汉王科技等企业新潮 的AI产品与智慧生活好物，从教育机器人到可穿戴装备，从智能家居到文创潮玩，各个展 ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 国家知识产权局信息显示，北京小米移动软件有限公司取得一项名为"电子设备"的专利，授权公告号 CN111327723B，申请日期为2018年12月。 作者：情报员 天眼查资料显示，北京小米移动软件有限公司，成立于2012年，位于北京市，是一家以从事软件和信息 技术服务业为主的企业。企业注册资本148800万人民币。通过天眼查大数据分析，北京小米移动软件有 限公司共对外投资了4家企业，参与招投标项目152次，专利信息5000条，此外企业还拥有行政许可123 个。 本文源自：市场资讯 ...

国家知识产权局信息显示，北京小米移动软件有限公司取得一项名为"直连链路数据发送和直连链路资 源配置方法以及装置"的专利，授权公告号CN116489778B，申请日期为2019年5月。 天眼查资料显示，北京小米移动软件有限公司，成立于2012年，位于北京市，是一家以从事软件和信息 技术服务业为主的企业。企业注册资本148800万人民币。通过天眼查大数据分析，北京小米移动软件有 限公司共对外投资了4家企业，参与招投标项目152次，专利信息5000条，此外企业还拥有行政许可123 个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 本文源自：市场资讯 作者：情报员 ...

本文源自：市场资讯 作者：情报员 国家知识产权局信息显示，北京小米移动软件有限公司取得一项名为"时域资源分配方法、数据发送方 法、基站及终端"的专利，授权公告号CN114245464B，申请日期为2018年12月。 天眼查资料显示，北京小米移动软件有限公司，成立于2012年，位于北京市，是一家以从事软件和信息 技术服务业为主的企业。企业注册资本148800万人民币。通过天眼查大数据分析，北京小米移动软件有 限公司共对外投资了4家企业，参与招投标项目152次，专利信息5000条，此外企业还拥有行政许可123 个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 2026广东全省高质量发展大会上，华为公司董事长梁华在发言中提到，公司整体经营稳健，2025年实现 销售收入超8800亿元人民币。他表示，"目前，鸿蒙生态正在从可用走向好用，搭载HarmonyOS 5和 HarmonyOS 6的终端设备数突破4000万，可获取的原生应用和元服务超过7.5万个。南方电网牵头打造 开放原子电鸿开源社区，让一套系统覆盖不同类型、不同品牌的电力设备，海量终端数据互联互通正在 成为现实。" 雷军公布新一代SU7赤霞红配色 2月24日，小米创始人、董事长雷军在社交平台发布多条内容，公布了新一代SU7全新配色——赤霞 红。据雷军介绍，这款赤霞红配色的灵感取自破晓时刻的霞光，以正红色漆为基底，并融入细微的金属 鳞片。他还表示，新一代SU7即将发布，小订已经开启，"这款红色大家满意的话，欢迎小订"。 刘强东宣布投资50亿进入游艇行业 近日，刘强东创立了游艇独立品牌Sea Expandary，在2月24日，该公司分别与深圳、珠海等 ...

Group 1 - Xiaomi has delivered 600,000 cars in 22 months since its launch in March 2024, showcasing its rapid production capabilities and the collaborative efforts within the Beijing-Tianjin-Hebei supply chain [1][6] - The company has partnered with over 50 supply chain enterprises in the Beijing-Tianjin-Hebei region, integrating more than 340 key component manufacturers from Tianjin and Hebei into its production system [1][6] - Xiaomi's founder, Lei Jun, emphasized the importance of the Beijing International Science and Technology Innovation Center as a major decision for national innovation, positioning the region as a global innovation engine [2][4] Group 2 - Xiaomi plans to invest 200 billion yuan over the next five years, focusing on core technologies such as chips, artificial intelligence, and operating systems [8][9] - The company aims to enhance its role in the innovation ecosystem by collaborating with research institutions and small enterprises in the Beijing-Tianjin-Hebei region [3][4] - Xiaomi is committed to integrating hardware and software to create a seamless ecosystem involving smartphones, cars, and smart home devices, enhancing user experience through deep technological integration [7][8] Group 3 - The company is actively pursuing advancements in robotics, with a clear technical roadmap and recent open-sourcing of its robotics research results [8][9] - Xiaomi's automotive division is expected to continue evolving, with plans for self-research in smart driving, automotive chips, and battery systems to achieve breakthroughs in core technologies [8][9] - The ongoing development of smart manufacturing is seen as a key driver for the company's growth and innovation, with a focus on high-quality transformation across the supply chain [6][9]