Group 1 - The Hong Kong stock market is currently experiencing a volatile upward trend, but faces short-term challenges [1][3] - The Hang Seng Technology Index opened down 0.22%, with major tech stocks mostly declining; notable declines include Zhizhu (down 8.48%) and MiniMax (up 0.79%) [3] - Zhizhu and MiniMax reported significant losses, with cumulative losses of over 6.2 billion yuan and approximately 9.2 billion yuan respectively from 2022 to mid-2025 [3] Group 2 - Google DeepMind's CEO highlighted that Chinese teams, represented by DeepSeek and Alibaba, are rapidly approaching the technological frontier, with only a few months' gap compared to Western teams [4] - The research team from China International Capital Corporation noted that seven leading tech stocks in Hong Kong contributed significantly to the Hang Seng Index, with a peak contribution of 14 percentage points to a 37% return [4] - The discussion around potential bubbles in the AI industry is deemed less important than confirming the current stage of development, as bubbles can drive industry growth [4]
恒生科技指数开盘下跌，智谱、MiniMax股价回涨后走低