净买入盈富基金24.05亿、恒生中国企业17.82亿、美团-W 13.98亿、快手-W 13.83亿、阿里巴巴-W 10.43 亿、南方恒生科技9.73亿、小米集团-W 4.41亿、腾讯控股4.33亿、中芯国际2.21亿； 格隆汇7月31日｜南下资金今日净买入港股131.26亿港元。其中： 净卖出老铺黄金2.78亿、石药集团1.13亿。 据统计，南下资金已连续6日净买入腾讯，共计27.055亿港元；连续5日净买入阿里巴巴，共计26.7318亿 港元；连续5日净买入小米，共计30.3639亿港元。(格隆汇) ...

Core Viewpoint - The company "交个朋友" is expanding its presence on the Kuaishou platform to tap into the lower-tier market, aiming to create a matrix of live streaming accounts to enhance its user engagement and sales potential [1][10]. Group 1: Market Expansion - "交个朋友" has rapidly gained followers on Kuaishou, reaching 13,000 followers and 93,000 likes within three days of launching its first video [8]. - The decision to enter Kuaishou is driven by the platform's unique community ecosystem and user demographics, which align well with "交个朋友"'s business direction [8]. - Kuaishou has a strong penetration in lower-tier markets, with significant user activity in third to fifth-tier cities, particularly in northern provinces [8][12]. Group 2: Content and Strategy Adaptation - To cater to Kuaishou users, "交个朋友" plans to innovate its live streaming experience by creating more relatable and interactive scenarios, enhancing user participation and loyalty [9][10]. - The product selection will include high-cost performance local goods that resonate with Kuaishou's user consumption habits, alongside classic bestsellers [9]. Group 3: Competitive Landscape - "交个朋友" faces significant competition from established Kuaishou influencers like辛巴, who have a stronghold in the live streaming market, making it challenging to capture market share [11][12]. - During the "6·18" shopping festival, Kuaishou's overall GMV for general merchandise increased by over 53%, with辛巴's group achieving substantial sales figures [11]. Group 4: Financial Performance and Challenges - In 2023, "交个朋友" reported a revenue of 9.89 billion yuan from its live streaming e-commerce business, which constituted 92% of its total revenue, nearly doubling its GMV from the previous year [14]. - However, the company is experiencing increased operational pressures, with a reported profit decline of 36.6% year-on-year, attributed to market conditions and rising costs from rapid expansion [14][15]. Group 5: Future Outlook - The company aims to develop a matrix of live streaming accounts on Kuaishou to meet diverse user needs, indicating a strategic focus on long-term growth and user engagement [10]. - "交个朋友" plans to leverage AI technology for optimizing product selection and enhancing user interaction during live streams, which may improve conversion rates [15].

7月31日，港股早盘低开，科网龙头发力带动恒科指一度翻红，午后回落震荡。重仓港股互联网龙头的 港股互联网ETF（513770）走势活跃，场内价格一度冲高涨逾1.5%，收跌0.53%，全天成交额11.76亿 元，日线2连阳。 板块个股局部走强，伴随着港股中报季临近，相关盈利预期对股价构成直接催化，尤其是AI赋能业绩 增长被重点关注。 美图公司盘中涨超15%，收盘仍领涨11%。公司近日发布正面盈利预告，预计上半年经调整净利润同比 增长约65%-72%，超出市场预期。招商证券认为，美图公司作为稀缺AI应用标的，盈利能力显著提 升，核心业务高增长可持续。 金蝶国际涨超9%，高盛预计金蝶国际上半年收入预期按年增长13%至32亿元，野村表示公司基本面正 迈向可持续复苏。 快手-W盘中涨近9%，收涨6%，花旗对其二季报保持乐观，一方面基于视频生成模型可灵AI的商业化进 程超预期，二是广告收入有望加速增长。大摩则预计快手可灵AI今年有望贡献约6000万美元收入。 此外，哔哩哔哩-W盘中涨超2%，腾讯控股一度涨超1%，收盘微涨飘红。 对互联网龙头而言，受益于AI技术与应用的发展，各项业务得以赋能重塑，AI有望成其业绩增长的关 ...

Core Viewpoint - The article discusses a legal case involving Kuaishou, where a network company was penalized for using a software tool to artificially inflate user engagement metrics, undermining the platform's integrity and user experience [1][5][6]. Group 1: Legal Case Overview - Kuaishou filed a civil lawsuit against a network company for unfair competition, resulting in a court ruling that the company must pay Kuaishou 1 million yuan for economic damages [1][5]. - The software in question, named "Xiao Mou Luo," allowed users to purchase fake likes, comments, and followers, creating a false sense of popularity for live streams [3][5]. Group 2: Impact on Kuaishou - The use of "Xiao Mou Luo" significantly harmed Kuaishou's community ecosystem, leading to a decline in user experience and trust [5][6]. - Kuaishou emphasized the importance of data authenticity for user trust and platform health, indicating a zero-tolerance policy towards fraudulent activities [6]. Group 3: Industry Challenges - The rise of new cheating methods, such as network water armies, presents ongoing challenges for platform governance, requiring enhanced technical defenses and collaborative efforts with law enforcement and industry partners [6]. - Kuaishou plans to increase investment in technology to improve real-time detection and response capabilities against such fraudulent practices [6].

Group 1 - The core activity involves the distribution of "Caiyun E-commerce Coupons" aimed at promoting Yunnan products, offering discounts of up to 50 on purchases over 300 [2] - The coupons are available for daily issuance, valid for the same day, with a limit of three coupons per individual across different tiers during the entire campaign [2] - The campaign focuses on Yunnan mushrooms and has expanded its product offerings to include various local specialties, enhancing consumer access to regional goods at affordable prices [2] Group 2 - The initiative has resulted in significant exposure, with over 500 million views, leading to an influx of new merchants and increased online sales channels [2] - Specific success stories include merchants transitioning from physical markets to online platforms, significantly increasing their customer base and sales [2] - The company plans to continue leveraging such coupon activities to drive growth in Gross Merchandise Value (GMV) and fan engagement for Yunnan merchants, contributing to rural revitalization efforts [3]

摩根士丹利发布研报称，料快手-W(01024)今年上半年收入将同比增长12%达350亿人民币，料调整后净 利润同比增长10%达51亿人民币，基本符合其指引。该行将快手的目标价上调12%，由60港元升至67港 元，将估值基准向前推展6个月至2026年6月，并纳入最新的汇率预测，维持对其"与大市同步"评级，而 该行对快手的"牛市"情境目标价则由82港元升至91港元，相当于预测市盈率17倍。 内地媒体报道，可灵AI继登上《新闻联播》后，又登上了央视《焦点访谈》节目。《焦点访谈》报 道，过去一年多的时间，可灵AI进行了超过30次的叠代，影片生成大模型的创作能力不断突破。目 前，产品在北美、欧洲、东亚等市场用户增长很快，全球累计用户已超过4500万。据此前公开消息，今 年4月可灵对外公布全球用户已达2200万，至今仅3个月便翻番。大摩料快手旗下可灵今年贡献约6000万 美元收入。 ...

智通财经APP获悉，摩根士丹利发布研报称，料快手-W(01024)今年上半年收入将同比增长12%达350亿 人民币，料调整后净利润同比增长10%达51亿人民币，基本符合其指引。该行将快手的目标价上调 12%，由60港元升至67港元，将估值基准向前推展6个月至2026年6月，并纳入最新的汇率预测，维持对 其"与大市同步"评级，而该行对快手的"牛市"情境目标价则由82港元升至91港元，相当于预测市盈率17 倍。 内地媒体报道，可灵AI继登上《新闻联播》后，又登上了央视《焦点访谈》节目。《焦点访谈》报 道，过去一年多的时间，可灵AI进行了超过30次的叠代，影片生成大模型的创作能力不断突破。 目 前，产品在北美、欧洲、东亚等市场用户增长很快，全球累计用户已超过4500万。 据此前公开消息， 今年4月可灵对外公布全球用户已达2200万，至今仅3个月便翻番。大摩料快手旗下可灵今年贡献约6000 万美元收入。 ...

每经AI快讯，7月31日，香港交易所信息显示，摩根大通(JPMorgan)在快手-W的持股比例于7月28日从 5.84%降至5.75%。 ...

Group 1 - Kuaishou concept stocks rose by 1.35%, ranking 6th in the concept sector, with 33 stocks increasing in value [1] - The top gainers in the Kuaishou concept include Yidian Tianxia, which surged by 20%, and other notable increases from Zhiding Mai, Vision China, and BlueFocus, with respective rises of 7.04%, 4.46%, and 4.20% [1][2] - The stocks with the largest declines included Aofei Entertainment, which fell by 3.60%, and others like Baina Qiancheng and ST Kevin, which dropped by 3.13% and 2.61% respectively [1][5] Group 2 - The Kuaishou concept sector saw a net inflow of 2.672 billion yuan, with 35 stocks receiving net inflows, and 7 stocks exceeding 100 million yuan in net inflow [2][3] - The leading stock in terms of net inflow was Yidian Tianxia, with a net inflow of 899.8 million yuan, followed by Liao Co., BlueFocus, and Vision China with net inflows of 552 million yuan, 285 million yuan, and 255 million yuan respectively [2][3] - The net inflow ratios for leading stocks were 42.14% for Global Printing, 24.30% for Yidian Tianxia, and 14.24% for Liao Co. [3] Group 3 - The Kuaishou concept's performance was part of a broader market trend, with liquid-cooled servers leading the gainers at 1.86%, while special steel concepts saw a decline of 3.20% [2] - Other notable concepts that performed well included Smart AI and Assisted Reproduction, with increases of 1.73% and 1.72% respectively [2] - The overall market sentiment reflected mixed performance across various sectors, with some concepts experiencing significant gains while others faced declines [2][5]

恒生指数收跌1.6%，恒生科技指数跌0.69%。快手涨超6%。 ...