Core Insights - The CES 2023 highlights a shift in the automotive industry, with a focus on autonomous driving technology rather than new electric vehicle (EV) models, indicating a significant trend towards automation in the next decade [1][3] - The competition between China and the U.S. in the autonomous driving sector is intensifying, with Chinese companies like Baidu's "Luobo Kuaipao" emerging as strong competitors to U.S. firms like Waymo [5][6] Group 1: Autonomous Driving Technology - NVIDIA's CEO predicts that autonomous driving will become one of the fastest-growing technology industries in the next ten years, emphasizing its importance [3] - The differences in autonomous driving services between the U.S. and China are notable, with Chinese services like "Luobo Kuaipao" operating without safety drivers and demonstrating quicker responses to complex situations compared to U.S. counterparts [2][5] - The Middle East is becoming a key market for autonomous driving, with companies like Baidu and WeRide obtaining licenses for fully autonomous operations, showcasing the region's supportive policies and unique challenges [6][7] Group 2: Market Dynamics and Future Trends - The global autonomous driving market is expected to see significant advancements, with predictions of widespread commercial deployment of autonomous taxis by 2030 [7] - The automotive industry is evolving towards a future where vehicles are not just modes of transport but also platforms for computing and energy storage, driven by AI and customization [8] - Despite leading in battery technology, Chinese automakers face challenges in the smart driving sector, indicating a need for advancements in autonomous driving capabilities to enhance market value [9]

Market Overview - The Hang Seng Index (HSI) closed at 26,310.99, up by 161.68 points or 0.62% as of January 8, 16:00 Eastern Time [1] - The index reached a high of 26,311.38 and a low of 25,998.12 during the trading session, with a trading volume of 50.328 million shares [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 125.439, up by 0.92% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 615.197, down by 0.13% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings: Latest price HKD 616.000, down by HKD 8.500 or 1.36%, with an ADR price of 615.197, reflecting a decrease of 0.13% [3] - Alibaba Group: Latest price HKD 142.600, down by HKD 3.300 or 2.26%, with an ADR price of 150.458, reflecting an increase of 5.51% [3] - HSBC Holdings: Latest price HKD 124.300, down by HKD 2.900 or 2.28%, with an ADR price of 125.439, reflecting an increase of 0.92% [3] - Other notable movements include Meituan-W down by 3.35% and JD.com down by 2.02% [3]

Company Developments - Baidu's autonomous driving platform, Apollo Go, has officially received a fully autonomous driving test license from the Dubai Roads and Transport Authority (RTA) as of January 6, 2026, making it the first and only platform authorized for full autonomous testing in Dubai [1] - The company plans to expand the Apollo Go fleet in Dubai to over 1,000 vehicles [1] - Apollo Go has successfully established a fully autonomous vehicle integrated operation base in the Middle East and has covered 22 cities globally, providing over 17 million services with more than 250,000 fully autonomous orders per week [1] Financial Insights - As of Q3 2025, the company estimates its quickly monetizable net cash portion to be 180.1 billion yuan, indicating a strong cash reserve and safety net [2] - AI-related business revenue reached 9.6 billion yuan in Q3 2025, showing a year-on-year growth of over 50% [2] - The company maintains its revenue and non-GAAP net profit forecasts for 2025 and 2026, while introducing new forecasts for 2027, estimating revenue at 135 billion yuan and non-GAAP net profit at 22.1 billion yuan [2] Valuation and Target Price - The company has adjusted its target prices for US and Hong Kong stocks upward by 8.5% and 7% to $205 and HK$196, respectively, based on a sum-of-the-parts (SOTP) valuation method [2] - The new target prices correspond to a non-GAAP P/E ratio of 25 times for US stocks and 21 times for Hong Kong stocks for the years 2026 and 2027, indicating an upside potential of 40% and 35% compared to current valuations [2]

港股收盘，恒指收跌1.17%，科指收跌1.05%。科技股多数收跌，联想集团(00992.HK)跌超5%，舜宇光 学科技(02382.HK)跌超4%，百度(09888.HK)跌超3%。智谱(02513.HK)上市首日收涨约13%。 本文源自：金融界AI电报 ...

Group 1: Market Movements - Google's market capitalization reached $3.89 trillion, surpassing Apple's $3.85 trillion for the first time since 2019 [2] - Major tech stocks saw varied performance, with Intel rising over 6% and Google increasing by over 2% [2] Group 2: AI Developments - OpenAI launched ChatGPT Health, which connects medical records and health apps to help users understand health reports [3] - Lenovo and NVIDIA announced a collaboration to create an "AI Cloud Super Factory," aiming to significantly reduce AI deployment time and scale up to 100,000 GPUs [4] - Siemens and NVIDIA expanded their strategic partnership to develop industrial AI solutions, with plans to create AI-driven manufacturing bases starting in 2026 [5] - Genie Sim 3.0, an open-source simulation platform driven by large language models, was launched by Zhiyuan Robotics at CES [8] Group 3: Corporate Announcements - Xiaomi awarded its 2025 Technology Awards, with the top prize going to the self-developed chip "玄戒O1" [7] - ByteDance denied rumors of entering the automotive industry but confirmed ongoing collaborations in automotive intelligence with Mercedes-Benz [9] - Baidu's "萝卜快跑" received the first full autonomous driving test license in Dubai, with plans to expand its fleet to over 1,000 vehicles [10] Group 4: Financial Activities - xAI completed its E-round financing, raising $20 billion, exceeding its initial target of $15 billion [20] - Su Mei Da plans to acquire a 16.92% stake in Blue Science and Technology for approximately $4.03 billion [22] - Zhongwei Company announced plans to sell up to 1.3% of its shares in Tuojing Technology, with an expected transaction value of approximately 1.393 billion yuan [17]

（文章来源：每日经济新闻） 每经AI快讯，1月8日，香港恒生指数跌超1%，舜宇光学科技、百度集团跌超2%。 ...

Group 1 - The Hang Seng Index opened down 0.59%, while the Hang Seng Tech Index fell by 0.44%. Bank stocks strengthened, with China Merchants Bank rising nearly 1%, while the non-ferrous metals sector weakened, with China Aluminum dropping over 2%. Tech stocks were sluggish, with Alibaba and Baidu both declining by more than 1% [1] - CITIC Securities believes that due to the internal "14th Five-Year Plan" catalyst and external major economies' "fiscal + monetary" dual easing, the Hong Kong stock market is expected to welcome a second round of valuation repair and further earnings recovery by 2026. It suggests focusing on technology, healthcare, resource products, essential consumer goods, paper, and aviation sectors [1] - Everbright Securities indicates that with domestic policy efforts and a weaker US dollar, the Hong Kong stock market may continue to experience a volatile upward trend. The overall profitability of the Hong Kong market is relatively strong, and assets in the internet, new consumption, and innovative pharmaceuticals are relatively scarce. Despite several months of consecutive gains, the overall valuation remains low, making long-term allocation cost-effective [1] - Dongwu Securities believes that the Hong Kong stock market is entering a volatile upward phase, emphasizing the need to maintain dividends as a base and seize the technology growth market in the first half of the year. Potential incremental funds from southbound investments will continue to increase allocation to value dividends. Considering valuations and the AH comparison perspective, southbound funds will generally increase allocation to Hong Kong tech growth stocks, although the tech market will still be influenced by overseas interest rate cuts and US tech market trends, requiring dynamic observation [1] Group 2 - Industrial Securities suggests actively going long, as the Hong Kong stock market is expected to start a spring offensive led by the Hang Seng Tech Index. In the medium term, the bull market in Hong Kong stocks will continue into 2026, with earnings and liquidity likely to drive the market. Changes in risk appetite may present a pattern of "rise first, then fall, and rise again" [2] - In the first quarter of 2026, the risk appetite for Hong Kong stocks is expected to "rise first" [2]

迪拜道路与交通管理局负责人在活动现场表示，此次许可的颁发及基地启用，是迪拜推动智慧出行战略 的关键步骤，旨在为公众提供更安全、高效的创新出行选择。百度智能驾驶事业群组总裁则表示，迪拜 前瞻性的政策环境与基础设施为无人驾驶技术落地提供了良好条件，企业期待深度参与当地智慧交通系 统建设。 据了解，双方合作始于2025年3月签署的战略协议。此后，萝卜快跑于同年7月获得了迪拜的首张自动驾 驶测试牌照，并开始组建测试车队。此次获得全无人驾驶测试许可，标志着其在当地的技术验证与商业 化准备进入新阶段。 来源：中国青年报客户端 中国青年报客户端讯（中青报·中青网记者 张真齐）1月6日，萝卜快跑正式获得由迪拜道路与交通管理 局颁发的全无人驾驶测试许可，成为当前迪拜唯一获此许可的企业。根据许可，萝卜快跑可在迪拜指定 区域开展不配备安全员的全无人驾驶车辆公开道路测试，为其后续启动商业化运营铺平了道路。 同日，萝卜快跑在迪拜建设的首个一体化运营基地正式投入启用。该基地具备无人驾驶车辆的日常运 营、维护、安全监控与人员培训等综合功能。迪拜方面表示，该基地的启用是其"2030智能城市战略"的 一部分，该战略目标之一是到2030年将全市 ...

Core Insights - Baidu's autonomous driving service platform "Luobo Kuaipao" has received a full autonomous driving testing license from Dubai's Roads and Transport Authority (RTA), making it the only company authorized for such testing in Dubai [2][3] - This license marks a significant recognition of Chinese autonomous driving technology by Dubai and paves the way for Luobo Kuaipao to launch full commercial operations in Q1 2026, with plans to expand its fleet to over 1,000 vehicles in Dubai [2] - The first integrated autonomous driving operation base outside of China has been established in Dubai, which will support daily operations, maintenance, safety management, and personnel training for autonomous testing [2] Industry Developments - The RTA's approval reflects confidence in Dubai's policy environment and smart infrastructure, positioning the city as a global hub for future smart mobility [3] - Baidu's Vice President emphasized the favorable conditions in Dubai for the large-scale implementation of autonomous driving technology, highlighting the city's advanced transportation infrastructure and public acceptance of innovative technologies [3] - Chinese technology companies are actively participating in the global transportation ecosystem's reconstruction, with opportunities emerging in autonomous driving and smart connected vehicles, showcasing China's innovative solutions and experiences in the global transportation transformation [4]

Group 1 - Baidu's autonomous driving service platform "Luobo Kuaipao" has received the first full autonomous driving test permit from the Dubai Roads and Transport Authority (RTA), marking it as the first and only company authorized for full autonomous testing in Dubai [1][2] - This approval signifies recognition of Chinese autonomous driving technology by Dubai's highest authorities and opens a critical pathway for Luobo Kuaipao to launch full autonomous commercial operations in Q1 2026, with plans to expand its fleet to over 1,000 vehicles in the region [1] - The first integrated autonomous driving operation base established by Luobo Kuaipao in Dubai has officially commenced operations, serving as a "smart hub" that integrates vehicle operation, maintenance, safety management, and personnel training [1] Group 2 - RTA's Director General, Matar Al Tayer, praised the establishment of Luobo Kuaipao's first overseas operational base, highlighting it as a reflection of global confidence in Dubai's policy environment and smart infrastructure [2] - Baidu's Vice President, Wang Yunpeng, expressed honor in receiving the RTA's permit and emphasized Dubai's advanced transportation infrastructure and forward-looking policies as ideal conditions for the large-scale implementation of autonomous driving technology [4] - In Q3 2025, Luobo Kuaipao reported a significant increase in global ride service instances, reaching 3.1 million, a 212% year-over-year growth, with weekly orders for fully autonomous rides exceeding 250,000 by October 2025 [4]