Mei Ri Jing Ji Xin Wen·2025-07-31 05:48Group 1 - The Hang Seng Technology Index experienced a significant decline, with the largest ETF tracking this index also following suit, led by stocks such as Meituan and BYD, while Kuaishou and other companies showed gains [1] - Kuaishou's AI division, Keling AI, reported having over 45 million creators globally and has generated over 200 million videos and 400 million images since its launch, indicating strong growth in its AI application [1] - Citigroup's research report anticipates Kuaishou's Q2 2025 earnings report to be positive, driven by the unexpected commercialization of its video generation model and an expected acceleration in advertising revenue growth [1] Group 2 - As of July 30, the latest valuation of the Hang Seng Technology Index ETF was 21.71 times, indicating that it is currently undervalued compared to historical levels, suggesting potential upward momentum for high-growth stocks [2] - The Hang Seng Technology Index remains in a historically undervalued range, making it an attractive option for investors looking to gain exposure to core AI assets in China [2]