Ge Long Hui·2025-12-01 11:19Group 1: Southbound Capital Inflows - Southbound capital recorded a net purchase of HKD 2.148 billion on December 1, with notable net buys in Alibaba-W (HKD 1.321 billion), ZTE Corporation (HKD 606 million), Meituan-W (HKD 594 million), Jiangxi Copper (HKD 137 million), and Xiaomi Group-W (HKD 100 million) [1] - Continuous buying trends were observed, with Alibaba seeing net purchases for 13 consecutive days totaling HKD 27.86542 billion, and Meituan for 3 days totaling HKD 1.39023 billion [3] Group 2: Company Developments - Alibaba-W launched the Quark AI glasses, offering two series with six models, and a Morgan Stanley report indicated increased B-end interest in Qianwen and Alibaba Cloud, predicting Qianwen to surpass DeepSeek in three years [4] - Xiaomi Group-W announced the upcoming "on-site vehicle selection" for its cars, allowing users to prioritize orders for available models, with all vehicles undergoing strict quality checks and offering full factory warranties [4] - Jiangxi Copper announced two non-binding cash offers to acquire Solgold, which were rejected, and the company must issue a formal offer or abandon the acquisition by December 26 [4] - ZTE Corporation introduced a limited release of the Nubia M153 smartphone featuring the Doubao mobile assistant technology, with ByteDance leading the AI integration [5] - Semiconductor Manufacturing International Corporation (SMIC) faced a terminated acquisition of its subsidiary, SMIC Ningbo, as per a recent announcement [6]