Group 1 - Southbound funds net bought Hong Kong stocks worth HKD 5.286 billion on June 26, with notable purchases in SMIC (HKD 896 million), Innovent Biologics (HKD 675 million), and China Construction Bank (HKD 582 million) [1] - Tencent Holdings experienced a net sell-off of HKD 571 million, marking a continuous net sell for 20 days totaling HKD 20.79862 billion [3] - China Construction Bank has seen a net buy for 12 consecutive days, accumulating HKD 8.02139 billion [3] Group 2 - Innovent Biologics plans to place 55 million shares at a price of HKD 78.36 per share, raising approximately HKD 4.265 billion, with 90% allocated for global R&D and 10% for daily operations [4] - Hong Kong Tourism Board reported a 20% year-on-year increase in visitor numbers in May, with mainland visitors rising by 19% [4] - Alibaba Group announced a strategic shift towards a one-stop asset service platform, focusing on AI product upgrades and service system enhancements [4] Group 3 - Xiaomi Group is set to launch its first SUV, the Xiaomi YU7, along with other products, with expectations of significant revenue growth in the coming years [5] - Rongchang Biologics has licensed its proprietary drug to Vor Bio, receiving an upfront payment of USD 125 million and potential milestone payments up to USD 4.105 billion [5]

Core Insights - The company Xiaomi is set to launch a new product, the "next-generation personal smart device," which is the Xiaomi AI glasses [1] Company Summary - Xiaomi is focusing on expanding its product line with innovative technology, specifically in the field of artificial intelligence and smart devices [1]

Core Viewpoint - Xiaomi is set to officially launch the Yu7 model on June 26, alongside other products including the Xiaomi Flip2 foldable phone and the Xiaomi Pad 7S Pro equipped with the flagship O1 chip [1][3]. Group 1: Product Launch and Features - The Xiaomi Yu7 is positioned as a "luxury high-performance SUV" with a standard range of 835 km and features such as laser radar and ultra-fast charging [3]. - The Yu7 boasts impressive performance metrics, including a maximum horsepower of 690 PS, a 0-100 km/h acceleration time of 3.23 seconds, and a top speed of 253 km/h [3]. - The pricing for the Yu7 will not be disclosed until the official launch in July, with speculation that a price of 199,000 yuan is unlikely [3]. Group 2: Market Potential - According to a report from Guojin Securities, the Yu7 is expected to capture a significant share of the mid-to-large pure electric SUV market due to its long range and fast charging capabilities [3]. - The success of the previously launched Xiaomi SU7 has validated Xiaomi's capabilities in the automotive sector, suggesting that the Yu7 has the potential to become a best-selling model [3].

Core Insights - Xiaomi's first SUV, the YU7, is set to be officially launched on June 26 at 7 PM [1] - The event will also showcase several new products, including the Xiaomi Flip2 foldable phone, the Xiaomi Pad 7S Pro equipped with the flagship Xuanjie O1 chip, and a new personal smart device aimed at the next era [1] Product Launch Details - The launch event will feature multiple new products, indicating a significant expansion in Xiaomi's product lineup [1] - The timing of the event suggests a strategic move to capture consumer interest ahead of the summer season [1]