Core Viewpoint - The recent investments by the company in brain-computer interface firm Qiangnao Technology and GEO service provider Zhitui Times reflect a strategic evolution towards building a comprehensive technology ecosystem centered around gaming and AI [1][2]. Investment Strategy Evolution - The company's investment strategy has evolved through two key phases: the first phase (2015-2019) focused on building a pan-entertainment content ecosystem centered on gaming, while the second phase (2020 onwards) emphasizes the integration of entertainment and technology, particularly in next-generation hardware and advanced technology trends [4][5]. Recent Investment Focus - In 2023, the company has concentrated its investments in hard technology, targeting high-quality enterprises such as Xingkong Technology, Fangqing Technology, and Guanglun Intelligent, which cover critical areas in AI and computing power [2][5]. Investment Logic - The core investment logic is anchored in the principle of "gaming as the core, extending towards a technology ecosystem," with a focus on optimizing product supply in gaming and exploring new growth opportunities in AI, XR, and human-computer interaction [5][10]. Investment Selection Criteria - The company has established three core selection criteria for investments: 1. Leading innovation capability, prioritizing projects with differentiated advantages and market leadership [6]. 2. Commercial validation to reduce risks, selecting projects with successful product launches and endorsements from major firms [7]. 3. Strong business ecosystem synergy, ensuring that each project complements the existing investment ecosystem [7]. Future Investment Directions - The company aims to explore three main investment directions: 1. Deep integration of AI and culture, focusing on the application of large models and AI technology in various operational scenarios [10]. 2. Layout of the AI and computing power industry chain, connecting infrastructure, algorithms, and applications [10]. 3. Securing immersive experience hardware and interaction technologies to establish the next generation of information interaction interfaces [11]. Long-term Investment Philosophy - The company adopts a long-term investment philosophy, recognizing the importance of respecting technological development cycles and industry growth periods, and aims to drive high-quality growth through a combination of capital and industry [11].

一小时订单量超越宝马半年销量，属于小米汽车的高光时刻再现，中国智能汽车产业的历史正在被改 写。 2025年6月27日，小米集团-W（01810.HK）股价开盘飙升8%，突破61港元关口，再次刷新历史新高。 资本市场的热烈反应直指前一日发生的一场行业"地震"——小米首款SUV车型YU7上市仅3分钟大定订 单突破20万台，1小时飙升至28.9万台。 按照目前的订单数据，小米汽车今年再度超额完成年度销量目标的确定性极高。截止2025年5月21日， 小米SU7系列累计交付已超过25.8万台。 文 | 港股研究社 从"手机厂商"到"生态巨头"，万亿市值的小米正在重塑中国科技企业的成长范式。 花旗支招特斯拉：想和YU7拼？降价或送FSD、多给优惠 6月26日晚，北京亦庄的小米汽车工厂灯火通明。随着雷军公布小米YU7标准版25.35万元的起售价，订 单数据开始以几何级数飙升——3分钟突破20万台，1小时逼近29万台关口。 这一数字参考一年前小米SU7发布当晚4分钟大定破1万，跨越不可谓不大；而对比同行，更是超越了宝 马全系车型5个月在华销量（28.85万辆），完成特斯拉ModelY2024年在中国市场六成以上的销量 （48 ...