Group 1 - The company Zhihu-W (02390) announced a share repurchase of 99,000 shares scheduled for January 2, 2026 [1]

格隆汇1月5日丨知乎-W(02390.HK)发布公告，2026年1月2日耗资11.12万美元回购9.9万股，回购价格每 股3.33-3.41美元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 知乎 呈交日期： 2026年1月5日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | A | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02390 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件 ...

Core Viewpoint - Zhihu has launched the "Zhiyou Tan Zhen" column, introducing the annual "Zhiyou Debunking List" and "Zhiyou Exploration List" to combat misinformation and promote scientific knowledge [1][2]. Summary by Categories Debunking List - Topics such as "Vitamin C can prevent colds," "The earlier you take growth hormone, the better," and "Sticking wheat characters on windows can resist typhoons" have been confirmed as pseudoscience and featured on the annual "Debunking List" [1][2]. Exploration List - Seemingly absurd topics like "The heat generated by a unit volume of people is several times that of the sun," "The frequency of the song 'Scary Monsters And Nice Sprites' can repel mosquitoes," and "Flu antiviral drugs should not be taken with mineral water and milk" have made it to the annual "Exploration List" [1][2]. Company Responsibility - Zhihu emphasizes that the responsibility of distinguishing truth from falsehood is a core part of its professional discussions, aiming to use the "Tan Zhen" column to provide a more interactive format for scientific education and debunking widely circulated "hot knowledge" and "cold rumors" [1][2].

Core Insights - Zhihu has released its "Top Ten Questions of 2025," highlighting the most pressing public issues across various fields including technology, economy, culture, and social life [1][4] Technology - A notable question in the technology sector is "How to evaluate the DeepSeek R1 and R1-Zero models?" [1][4] Aerospace - In the aerospace category, the question "How do Chinese astronauts avoid oil splatter while cooking chicken wings and steak in a microgravity environment?" has gained attention [1][4] Film - The film industry is represented by the question "What does it mean that 'Nezha 2' has become the first film in Chinese history to surpass 10 billion in box office?" [1][4] Sports - In sports, the question "'Why has the Scottish Premiership become popular? Can this model be replicated elsewhere?" is featured [1][4] Additional Content - Zhihu has also launched its personal annual report and a video titled "2025, What is Real?" featuring Chen Luyou [1][4]

Core Insights - Zhihu has released its "Annual AI Product List" after nearly a month of community gathering and recommendations from professional contributors, highlighting popular AI products among users [1][2] Group 1: Annual AI Product List - The top ten "User Favorite" products include Doubao, DeepSeek, Gemini, Qianwen, Zhihu Direct Answer, Claude, ChatGPT, Jimeng, Cursor, and Keling [1] Group 2: Professional Contributor Recommendations - Zhihu collaborated with 15 professional contributors to launch the "Professional Contributor Joint Recommendation List," featuring products such as Cursor, Gemini, ListenHub, Nano-banana, NotebookLM, OiiOii, and Seede AI, covering various cutting-edge areas like code programming, multimodal creation, audio processing, and document analysis [2]

Core Insights - Huawei's HarmonyOS showcases unique technological strengths, including hand-held air sharing and AI image information extraction, which are both innovative and practical [2] - The platform offers cross-device continuity and intelligent pre-rendering, balancing user experience and efficiency [2] - Developers report a 30% increase in application development efficiency on HarmonyOS compared to other platforms [2] Developer Engagement - Huawei's team responds quickly to unexpected issues, providing efficient support [2] - Leveraging HarmonyOS's openness, Zhihu has successfully addressed adaptation challenges, iterating over 30 versions [2] - The download volume for Zhihu's application has exceeded expectations [2]

Core Insights - The article discusses the launch of the "2025 Short Story Influence List" by Zhihu's original storytelling platform, Yanyan Stories, which has become a significant annual event in the short story sector, showcasing 62 outstanding works and 20 excellent authors [1][3] Group 1: Event Overview - The "2025 Short Story Influence List" has been held for three consecutive years and is recognized for its credibility and authority in the short story field [1] - The event attracted numerous industry experts and partners, highlighting the potential for the selected works to become the next big hits in web literature and film [1][3] Group 2: Selection Criteria and Works - The list includes a diverse range of genres, such as suspense, emotional healing, and folklore, showcasing the narrative breakthroughs in storytelling [5] - Notable works include "No Time to Die," "I Have a Strange Group," and "Soul Lanterns," which represent a mix of mature narrative styles and emotional depth [5][6] Group 3: Author Recognition - The list aims to support the growth of established authors while discovering new talent, with authors like Enyang and emerging writers such as Shanting Liu and Xuegao being recognized [5] - The inclusion of new authors indicates a promising future for the platform and its storytelling community [5] Group 4: Industry Impact - The list has expanded to include the "2025 Salt Words Three Absolutes" and long-form creative marathon award-winning works, reflecting a broader scope of storytelling and market-oriented themes [6] - The "Most Cinematic Value" award has gained attention, with previous winners being adapted into successful film projects, indicating a strong connection between literature and the film industry [7] Group 5: Short Drama Development - The introduction of a short drama development branch aligns with current industry trends, showcasing the platform's adaptability and potential for driving innovation in the short drama sector [7] - The success of adapted works like "Locking the Golden Palace" and others demonstrates the growing popularity and marketability of short dramas derived from the selected stories [7]

Core Insights - The article discusses the release of the "2025 Short Story Impact List" by Yanyan Story, a platform under Zhihu, which highlights 62 outstanding works and 20 excellent authors [1] - Zhihu's CEO, Zhou Yuan, emphasizes the importance of recognizing meaningful storytelling, shifting the focus from merely creating popular stories to understanding the lasting impact of narratives [1] Group 1: Impact and Recognition - The 2025 list aims to elevate the status of short stories, encouraging serious engagement with storytelling and recognition for dedicated writers [1] - This year's list prioritizes stories that resonate deeply with audiences, rather than just those that achieve high visibility [1] Group 2: Selection Criteria and Categories - The selection includes various genres such as爽文 (light-hearted), 虐文 (torturous), 甜文 (sweet), and 悬疑 (suspense), while also exploring narrative breakthroughs [1] - The list introduces the "Salt Words Three Absolutes" and awards for long-form storytelling, expanding the evaluation criteria to include more realistic themes [1] Group 3: Industry Developments - The 2025 list has added a new category for short drama adaptations, reflecting the growing interest in adapting stories for visual media [1] - Over a hundred works have been sold for short drama adaptation rights in 2025, indicating a robust market for such adaptations [1]

Group 1 - The Nasdaq China Golden Dragon Index rose by 0.86% on December 20 [1] - Most popular Chinese concept stocks experienced gains, with Xpeng Motors increasing by over 6% [1] - Li Auto saw an increase of over 5%, while Pinduoduo rose by over 3% [1] Group 2 - Baidu and Zhihu both experienced gains of over 2% [1] - iQIYI, however, saw a decline of over 1% [1]