Group 1 - The annual speech by Lei Jun is expected to take place at the end of this month, coinciding with the launch of the Xiaomi 16 smartphone [1][2] - Xiaomi 16 is likely to feature Qualcomm's latest flagship chip, which is set to be announced on September 24-25, indicating a tight schedule for Xiaomi's launch [1][2] - The timing of the launch is strategic, as it aligns with other major smartphone releases, including Huawei's recent launch, showcasing Xiaomi's confidence in its high-end product line [2] Group 2 - Lu Weibing has been actively promoting the new device, indicating a fast-paced period ahead for Xiaomi, which is expected to include significant announcements and developments [2][11] - The previous themes of Lei Jun's speeches were "Growth" and "Courage," raising speculation about this year's theme [4] - The recent events surrounding Xiaomi, including the successful launch of new vehicles and challenges faced, highlight the need for a dialogue between the company and its stakeholders [3]

王腾被小米连夜开除，表面是雷霆手段，实际上雷军已经仁慈到极致。以王腾的级别和岗位，他的离职 对小米造成的直接和间接损失，AI保守估算也有10亿级别，却仅被辞退，未追究刑事责任。小米这 波，更像是一场高水准的企业危机公关示范...... ...

9月9日，原小米人车家与智能产品负责人樊家麟被任命为小米汽车销售运营部副总经理，向销售运营部 总经理夏志国汇报。知情人士称，樊家麟职位的履新有望促进小米"人车家"生态在业务上进一步融合。 公开资料显示，樊家麟是小米早期员工之一。（中国汽车报） ...

9月11日，市场调查机构Counterpoint Research发布的最新报告显示，2025年上半年全球高端智能手机销 量同比增长8%，创上半年历史新高；增速高于同期仅同比增长4%的全球智能手机市场。其中，苹果继 续领跑，三星紧随其后；华为同比增长24%位列第三；小米销量增长55%排第四名，电动车"光环效 应"成主因，谷歌销量同比翻番，时隔五年重返前五。 全球高端（>$600）智能手机市场单位销量份额（按OEM） Counterpoint Research手机型号销量追踪， Q2 2025 尽管苹果在新兴市场有所增长，但其在中国市场的份额已被华为、小米等国产品牌抢占。凭借忠实的用 户群和强大的线下业务，华为正不断从苹果手中夺回失去的市场份额，并通过诸如三折叠Mate XT等独 特设计机型，赢得消费者的青睐。 小米（Xiaomi）排名第三，同比大增55%，主要增量来自中国市场。Counterpoint Research分析道，其 不仅在智能手机业务推进高端化，也在电动汽车（EV）与物联网（IoT）业务同步发力；高端EV的光 环效应正反哺手机业务，而手机又与EV、IoT深度整合。 谷歌（Google）时隔五年重 ...

据蓝鲸新闻，9月11日，社交媒体上流传小米前中国区市场部总经理、前REDMI品牌总经理王腾入 职京东，担任小米采销岗，关于其定级说法不一，有称P5，也有说P7。 针对此事，京东方面明确表示，"目前我们没有这样的安排和计划"。 ...

格隆汇9月11日｜据蓝鲸新闻，今日社交媒体上流传小米前中国区市场部总经理、前REDMI品牌总经理 王腾入职京东，担任小米采销岗，关于其定级说法不一，有称P5，也有说P7。就此事联系京东方面， 对方明确表示，"目前我们没有这样的安排和计划"。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com (责任编辑：宋政 HN002) ...

Group 1 - The former General Manager of Xiaomi's China Marketing Department and former General Manager of the REDMI brand, Wang Teng, is rumored to have joined JD.com in a purchasing and sales role, with varying reports on his level designation, either P5 or P7 [1] - JD.com has officially denied any arrangements or plans regarding Wang Teng's employment [2]

Group 1 - The global high-end smartphone market (priced above $600) is expected to see an 8% year-on-year growth in the first half of 2025, reaching a historical high, which is 4% higher than the overall market growth [1] - High-end smartphones are projected to contribute over 60% of global smartphone revenue [1] - Apple remains the market leader with a 62% share, but its growth is only 3%, facing competition from Huawei and Xiaomi in emerging markets [1] Group 2 - Huawei's sales increased by 24% year-on-year, while Samsung's grew by 7% [1] - Xiaomi experienced a significant growth of 55%, moving up to the third position in the market, driven by the "halo effect" from the Chinese high-end market and electric vehicles [1] - Google's Pixel 9 series saw a remarkable year-on-year increase of 105%, marking its return to the top five after five years [1] Group 3 - Over 80% of high-end smartphones are now equipped with generative AI features, indicating a strong trend in the market [1] - Foldable smartphones remain a niche category but are experiencing continuous growth, with Apple expected to enter the foldable market by 2026 [1]

Core Viewpoint - The article discusses the contrasting performance of A-shares and Hong Kong stocks, particularly in the context of the AI boom, and explores the potential for Hong Kong stocks to catch up after a period of stagnation [1][2]. Group 1: Factors Affecting Hong Kong Stocks - The Hang Seng Technology Index has seen a cumulative increase of 29.51% and the Hang Seng Index has risen by 29.42% since the beginning of the year, with most gains occurring in the first quarter [1]. - The second quarter saw a shift to a consolidation phase for Hong Kong stocks due to high interest rates from the Federal Reserve, geopolitical disturbances, and a slowdown in foreign capital inflow [2]. - Concerns over the profitability of major internet companies due to intensified competition in the "delivery war" and "subsidy war" have also contributed to the market's cautious sentiment [2]. Group 2: Potential of Hong Kong Stocks - Recent non-farm payroll data from the U.S. was significantly below market expectations, raising the likelihood of a Federal Reserve rate cut, which could positively impact Hong Kong stocks due to their sensitivity to international capital flows [3]. - Historical data indicates that during the last Federal Reserve rate cut cycle (August 1, 2019 - March 16, 2020), the Hang Seng Technology Index outperformed gold, A-shares, and U.S. stocks [3][5]. - The trend in the AI market is shifting from hardware to application, with Hong Kong stocks focusing more on software, which may lead to significant growth in the application sector in the coming years [5]. Group 3: Investment Opportunities in Hong Kong Stocks - The Hang Seng Technology Index includes major Chinese AI assets such as Tencent, Alibaba, Xiaomi, and SMIC, which are expected to benefit from the AI market [5]. - As of September 9, the price-to-earnings ratio of the Hang Seng Technology Index was 22.53, which is below the 27.38% percentile of the past decade, indicating a relatively attractive valuation compared to global tech assets like the NASDAQ 100 [5].

Core Viewpoint - The Hong Kong stock market is currently experiencing a consolidation phase after a series of rebounds, with major tech stocks showing slight declines, while the Hong Kong Internet ETF continues to attract significant capital inflows [1][3]. Group 1: Market Performance - The Hang Seng Index and Hang Seng Tech Index opened lower, with notable declines in major tech stocks such as Tencent, Alibaba, and Meituan, which fell by over 1% to 3% [1]. - The Hong Kong Internet ETF (513770) saw a price drop of 0.65%, indicating high market interest despite the decline [1]. - The ETF has accumulated a net inflow of 2.77 billion yuan over the past 20 days, reflecting strong investor interest [3]. Group 2: Capital Flows - Southbound capital has been consistently increasing its holdings in Hong Kong stocks, particularly in tech giants like Tencent and Alibaba, with a total net purchase of 33.414 billion HKD in Alibaba over 14 consecutive trading days [3]. - The overall performance of the internet sector's mid-year earnings has been stable, with AI-related companies showing strong revenue and profit growth [3]. Group 3: ETF and Index Performance - The Hong Kong Internet ETF has outperformed the Hang Seng Tech Index by over 10 percentage points in terms of cumulative returns and maximum returns [5]. - The ETF's latest scale has surpassed 10 billion yuan, achieving a historical high, with an average daily trading volume of nearly 600 million yuan [6]. - The top four holdings in the ETF include Xiaomi, Tencent, Alibaba, and Meituan, which collectively account for 54.74% of the fund [4].