Market Overview - The Hong Kong stock market saw a rebound in the afternoon, with the Hang Seng Index and the Hang Seng China Enterprises Index rising by 0.42% and 0.2% respectively, ending a two-day decline [1] - The Hang Seng Tech Index increased by 0.48%, indicating a recovery in market sentiment [1] Stock Performance - Major technology stocks mostly rose, with Horizon Robotics up over 3% and Meituan up over 2% [4] - Vanke Enterprises led the surge in property stocks, rising over 13%, while other property stocks like Sunac China and China Jinmao also saw significant gains [7][8] - Gold stocks performed strongly, with Lingbao Gold up over 9% and several others rising more than 7% [6] - Pork stocks were among the top gainers, with WH Group up over 10% and Huisheng International up over 9% [9] Sector Analysis - The afternoon saw a broad rally in heavyweight technology stocks, contributing to the market's rebound [2] - Consumer electronics stocks declined, with major player Semtech down over 7% [2] - Shipping stocks experienced significant declines, with Pacific Basin Shipping down over 6% [13] - Oil stocks continued to fall, with PetroChina and Sinopec both dropping over 1% [16] New Listings - Two new stocks were listed today, with Baoji Pharmaceutical-B surging 138.82% on its debut and Tudatong rising 33% [2] Future Outlook - According to research from交银国际, the global economy is expected to show resilience in 2025, with ongoing AI technology cycles and supportive monetary policies [22] - The report suggests that the Hong Kong stock market will continue to see earnings growth, with a reasonable valuation and improving liquidity conditions [22]

Group 1 - The 3C supply chain is benefiting from the cyclical recovery of its industry and the accelerated penetration of AI at the edge, presenting growth opportunities [1] - The 3C supply chain's specialized manufacturing model of "components-modules-finished products" is well-suited for the mass production phase of humanoid robots [1] - Companies like Luxshare Precision and Lens Technology are leveraging their experience in the 3C sector to expand into humanoid robotics, focusing on module and finished product manufacturing [1] Group 2 - The 3C terminal market, represented by smartphones, is entering a recovery cycle, providing a foundation for industry growth [2] - Major tech companies are accelerating the deployment of AI at the edge, which is expected to drive a new replacement cycle for terminal products [2] - Companies like Apple, Google, and ByteDance are competing to enhance their mobile devices with AI capabilities, which could lead to significant growth in the 3C industry [2]

具体来看： 盘面上，午后权重科技股多数拉升转涨助力大市反弹；受市场利好传闻影响，内房股午后直线拉升上扬，万科企业一马当先，大幅收涨超13%；美联储决议 前贵金属强势，白银大涨创历史新高，黄金等有色金属股全天活跃；重型机械股、餐饮股、家电股、煤炭股多数上涨。另一方面，消费电子概念股走低，权 重思摩尔国际跌超7%刷新阶段新低，海运股大幅下跌，光伏股、石油股、航空股大部分表现低迷。此外，今日两只新股上市，宝济药业-B首日上市涨 138.82%，图达通首日上市涨33%。 | 行业热门窗 × | 英流收开 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 汽车 | 地产发展商 +0.63% | 黄金及贵金属 +2.28% | 服装 +0.12% | 画示 | | | 银行 -0.25% | 线上零售商 +1.32% | 电讯服务 -0.61% | -0.21% | | | | | | | | | | | | 证券及经纪 | 其他金融 | 非酒精饮料 -0.36% | | | | | | 能源储存装置 | 生 ...

Group 1 - The core viewpoint of the article highlights that the Doubao mobile assistant has faced restrictions from several major applications, but Alibaba's apps, including Taobao, Tmall, Damai, and Xianyu, are gradually lifting login restrictions for Doubao users [1] - The product manager of Doubao announced that while some Alibaba applications are allowing login, the ability for Doubao to operate these apps has been removed [1] - As of December 10, the Doubao mobile assistant can still utilize AI capabilities to interact with the JD app, including price comparison and authorization for purchases [1]

新华财经北京12月10日电（记者沈寅飞）记者从阿里巴巴获悉，自11月17日公测，千问月活跃用户数 （含APP、Web、PC端）突破3000万。同时，千问APP正在加速从"会聊天"迈向"能办事"，向所有用户 首批开放AI PPT、AI写作、AI文库、AI讲题四项新功能。 （文章来源：新华财经） 千问APP相关负责人介绍，使用新上线的AI PPT功能，千问用户一句话指令即可生成精美PPT。千问AI PPT支持文档、图片、语音等39种格式输入，并提供超10万份精品模板免费替换，可以直接通过对话修 改PPT内容、更换模板，几分钟就可以做好一份工作PPT。 据悉，千问APP正在以周为单位快速迭代。阿里巴巴正在陆续将地图、外卖、订票、办公、学习、购 物、健康等各类生活场景接入千问，不断增强"办事"能力。 ...

来源：晚点LatePost 阿里培养的校招生正在成为通义实验室研发主力。 文丨陈佳惠 编辑丨贺乾明 管艺雯 我们独家获悉，阿里云 CTO、通义实验室负责人周靖人近期成为阿里巴巴合伙人。 合伙人团队是阿里的最高集体决策机构。今年 6 月，阿里合伙人团队刚经历大幅缩编，人数降至上市以来最低的 17 人。 阿里选拔合伙人，候选人除了在阿里工作 5 年以上、高度认同公司文化、对公司发展有积极贡献、愿意为公司文化和使命传承竭尽全力，还需要四分之三 以上的合伙人赞同才能当选，也就是 17 位合伙人需要至少 13 人投赞成票。 周靖人已经在阿里工作十年。他毕业于中国科技大学，2004 年获得美国哥伦比亚大学计算机博士学位，后加入微软担任研发合伙人。2015 年，他加入阿 里出任阿里云首席科学家，之后转岗多次：刚开始在阿里云负责 iDST（数据科学与技术研究院，达摩院前身），随后负责电商的搜索推荐广告，2020 年 底转去蚂蚁，一年多之后回到阿里云担任 CTO、兼达摩院副院长。 我们了解到，周靖人成为阿里合伙人的关键因素之一，是他负责的通义实验室过去一年努力保证了 Qwen 的模型领先地位。阿里管理层给了他高度肯定， 评价 ...

阿里培养的校招生正在成为通义实验室研发主力。 文 丨 陈佳惠 编辑 丨 贺乾明 管艺雯 阿里选拔合伙人，候选人除了在阿里工作 5 年以上、高度认同公司文化、对公司发展有积极贡 献、愿意为公司文化和使命传承竭尽全力，还需要四分之三以上的合伙人赞同才能当选，也就 是 17 位合伙人需要至少 13 人投赞成票。 周靖人已经在阿里工作十年。他毕业于中国科技大学，2004 年获得美国哥伦比亚大学计算机博士学 位，后加入微软担任研发合伙人。2015 年，他加入阿里出任阿里云首席科学家，之后转岗多次：刚开 始在阿里云负责 iDST（数据科学与技术研究院，达摩院前身），随后负责电商的搜索推荐广告， 2020 年底转去蚂蚁，一年多之后回到阿里云担任 CTO、兼达摩院副院长。 我们独家获悉，阿里云 CTO、通义实验室负责人周靖人近期成为阿里巴巴合伙人。 合伙人团队是阿里的最高集体决策机构。今年 6 月，阿里合伙人团队刚经历大幅缩编，人数降 至上市以来最低的 17 人。 我们了解到，周靖人成为阿里合伙人的关键因素之一，是他负责的通义实验室过去一年努力保证了 Qwen 的模型领先地位。阿里管理层给了他高度肯定，评价 "这非常不容易" ...

2025年12月10日，港股市场上演"惊魂逆转"行情，早盘受外围流动性担忧拖累大幅下探，午后在南向资 金抄底与政策预期升温推动下快速反弹，主要指数全线翻红。截至发稿时间，恒生指数报25466.57点， 较前一交易日上涨32.34点，涨幅0.127%，早盘曾最低跌至25257.61点，单日振幅超400点；恒生科技指 数上涨21.83点，涨幅0.393%，早盘最大跌幅一度达2.1%；恒生中国企业指数同步反弹，报8939.42点。 反映资金午后入场积极性显著提升。 板块与个股层面，早盘领跌的科技、消费股午后集体回血。科技股中，阿里巴巴（09988.HK）早盘跌 3.8%，收盘转涨1.2%，报79.5港元，单日振幅超5%；美团-W（03690.HK）从跌2.5%反弹至涨2.1%，快 手-W（01024.HK）、百度集团-SW（09888.HK）均实现"由跌转涨"，涨幅分别达1.8%、1.5%。消费股 方面，泡泡玛特（09992.HK）午后跌幅收窄至1.3%，较早盘4.2%的跌幅显著修复；周大福 （01929.HK）、呷哺呷哺（00520.HK）午后翻红，分别涨0.8%、0.5%。此前暴跌的个股也出现反弹， 中国中冶（ ...

数据显示，为响应投资者投资需求，自12月9日起，恒生科技ETF基金（513260）单日净申购上限已上调至3000万份！ 今日（12.10），港股科技再度调整，100%纯度的港股通科技30ETF（520980）跌0.54%，盘中成交额突破2.2亿元！截至12月9日，最新规模超46亿元！ 同类唯一15BP最低档管理费的恒生科技ETF基金（513260）连续第二日回调，盘中成交额已逼近3亿元。资金面上，恒生科技ETF基金（513260）近20日累 计"吸金"超3亿元，已连续29个交易日"吸金"超4.3亿元，最新规模达70.61亿元，基金最新融资余额超1.6亿元！ 消息面上，北京时间周四凌晨03:00，美联储在结束两天的政策会议后将宣布最新的利率决定，并发布货币政策声明。半小时后，美联储主席鲍威尔将召开 货币政策新闻发布会。 事实上，交易员们当前已不再关注降息决定本身，因为他们认为本周降息已经是板上钉钉之事，尽管联邦公开市场委员会（FOMC）内部对于是否降息仍然 存在严重分歧。相反，他们将密切关注美联储主席鲍威尔在利率决议公布后的官方声明，以及他在新闻发布会上答问环节的措辞与语气变化，因为这关系到 美联储明年的货币政 ...

Group 1 - Alibaba has established a new "Qianwen C-end Business Group" led by Vice President Wu Jia [1] - The new group is formed by merging the original Intelligent Information and Intelligent Connectivity business groups, encompassing Qianwen App, Quark, AI hardware, UC Browser, and Shuqing [1] - The primary goal is to develop Qianwen into a super app, aiming to be the primary entry point for users in the AI era [1] Group 2 - Alibaba plans to transform Qianwen into an omnipresent AI assistant, covering various scenarios such as glasses, PCs, and cars, enabling users to access AI anytime and anywhere [1] - The core management views the Qianwen project as a "future battle of the AI era," intending to integrate various life scenarios like maps, food delivery, ticket booking, office work, learning, shopping, and health into Qianwen [1]