资金动向 | 北水火力加码！连续14日买入阿里，减仓腾讯、中海油

Group 1: Market Activity - Southbound funds net bought HKD 4.1 billion in Hong Kong stocks on December 2, with notable purchases including Meituan-W (HKD 592 million), Xiaomi Group-W (HKD 380 million), Alibaba-W (HKD 357 million), Kuaishou-W (HKD 250 million), and GigaBio (HKD 131 million) [1] - Continuous net buying trends were observed, with Alibaba receiving a total of HKD 28.22244 billion over 14 days, Meituan accumulating HKD 1.98249 billion over 4 days, and Xiaomi gaining HKD 0.95066 billion over 3 days [4] Group 2: Company Updates - Alibaba-W announced a significant update to its image generation and editing model Qwen-Image, achieving breakthroughs in image editing consistency and multi-angle transformation, applicable in industrial design and creative concepts [5] - Xiaomi Group-W reported that its automotive division has delivered over 500,000 vehicles since April 3, 2024, with November deliveries exceeding 40,000 units, surpassing the annual target of 350,000 units set at the beginning of the year [5] - Kuaishou-W launched a new multi-modal creation engine "Keling O1," addressing challenges in AI video generation, and reported that its Keling AI business revenue exceeded RMB 300 million in Q3 2025, with expectations for annual revenue to double [5] - GigaBio announced plans to repurchase up to 103.6 million shares, representing 10% of its issued shares (excluding treasury shares) [5] Group 3: Industry Insights - China National Offshore Oil Corporation (CNOOC) faced damage to oil pipeline equipment connecting Kazakhstan and Russia, with institutions like ANZ predicting a short-term upward trend in oil prices, benefiting oil and gas companies' performance [6]