新浪科技讯 12月12日下午消息，荣耀品牌营销总裁、首席营销官郭锐今日在朋友圈正式宣布离职。他 发文称，"从1国至100+国，从手机到AI生态，从'中华有为'到'世界荣耀'！感恩兄弟姐妹们，1582天的 奋斗已融进了我的血液。再见了，荣耀。坚信你会雄鹰展翅，鹏程万里！咱们在'下一站科技的荣耀'再 会。" 资料显示，郭锐曾担任华为终端大中华区CMO，荣耀独立后作为创始管理团队成员加入，担任荣耀公 司品牌营销体系总裁，兼任公司投资委员会委员、集团首席营销官等职位。 责任编辑：刘万里 SF014 责任编辑：刘万里 SF014 新浪科技讯 12月12日下午消息，荣耀品牌营销总裁、首席营销官郭锐今日在朋友圈正式宣布离职。他 发文称，"从1国至100+国，从手机到AI生态，从'中华有为'到'世界荣耀'！感恩兄弟姐妹们，1582天的 奋斗已融进了我的血液。再见了，荣耀。坚信你会雄鹰展翅，鹏程万里！咱们在'下一站科技的荣耀'再 会。" 资料显示，郭锐曾担任华为终端大中华区CMO，荣耀独立后作为创始管理团队成员加入，担任荣耀公 司品牌营销体系总裁，兼任公司投资委员会委员、集团首席营销官等职位。 ...

Core Insights - The Hong Kong stock market experienced a net sell-off of 52.87 billion HKD from northbound trading, with a net sell of 65.95 billion HKD from the Shanghai-Hong Kong Stock Connect and a net buy of 13.09 billion HKD from the Shenzhen-Hong Kong Stock Connect [1] Northbound Trading Summary - The most net bought stocks included Meituan-W (03690), Xiaomi Group-W (01810), and Beike-W (02423) [1] - The most net sold stocks included Alibaba-W (09988), Tencent (00700), and Hua Hong Semiconductor (01347) [1] Stock Performance Details - Alibaba-W (09988) had a net buy of 14.86 billion HKD and a sell of 21.12 billion HKD, resulting in a net outflow of 6.26 billion HKD [2] - Xiaomi Group-W (01810) saw a net buy of 7.30 billion HKD against a sell of 13.27 billion HKD, leading to a net outflow of 5.97 billion HKD [2] - Meituan-W (03690) recorded a net buy of 5.00 billion HKD and a sell of 8.69 billion HKD, resulting in a net outflow of 3.69 billion HKD [2] Sector-Specific Insights - Meituan-W (03690) received a net buy of 24.81 billion HKD, while Alibaba (09988) faced a net sell of 33.68 billion HKD, with expectations of increased competition in the food delivery sector [4] - Xiaomi Group-W (01810) attracted a net buy of 23.61 billion HKD, supported by positive growth in its smartphone and IoT businesses, with projected adjusted net profits of 446, 515, and 622 billion CNY for 2025-2027 [4] - Beike-W (02423) had a net buy of 9.96 billion HKD, with analysts optimistic about its AI capabilities and cost control despite challenges in the real estate market [5] Additional Company Updates - Kuaishou-W (01024) received a net buy of 5.98 billion HKD, with expectations of strong revenue contributions from its AI initiatives [5] - ZTE Corporation (00763) faced a net sell of 1.56 billion HKD, with plans to repurchase shares amid compliance investigations [5] - Semiconductor companies like SMIC (00981) and Hua Hong Semiconductor (01347) experienced net sells of 5.78 billion HKD and 7.35 billion HKD, respectively, following news of potential sales of AI chips to China [6]

Core Insights - Guo Rui, the President of Brand Marketing at Honor, announced his departure from the company after over four years, expressing confidence in Honor's future [1] - Guo Rui is expected to venture into a second entrepreneurial endeavor in the technology sector [1] Company Overview - Guo Rui holds a PhD from Peking University and joined Honor in August 2021 as a founding management team member after its independence [6] - He previously served as CMO for Huawei's Greater China region from 2017 to 2021 and held key management positions at Procter & Gamble, COFCO, and Mengniu [6] Market Position - As of Q3 2025, Vivo leads the Chinese smartphone market with a 17.3% share, followed by Apple, Huawei, and Xiaomi, while OPPO holds a 14.5% share, showing a slight year-on-year increase of 0.4% [6] - Honor is in close competition with OPPO for market share [6] - By December 2024, Honor's overseas sales accounted for over 50% of its total sales, achieving profitability in multiple regions [6]

Core Viewpoint - The article emphasizes Huawei's pioneering role in the three-fold smartphone market, highlighting its transition from concept to commercial product and establishing a new standard in the mobile terminal experience [1][4][9]. Group 1: Market Dynamics - The three-fold smartphone market has recently gained attention, with Huawei being the first to successfully commercialize this technology, setting a benchmark for the industry [1][4]. - After a year, a second player has entered the three-fold market, validating Huawei's early strategic foresight [3]. - The Chinese foldable smartphone market is projected to see significant growth, with IDC reporting a 17.8% year-on-year increase in shipments by Q3 2025, reaching 2.63 million units [11]. Group 2: Technological Challenges and Innovations - The complexity of three-fold technology, including intricate hinge systems and the need for a mature supply chain, posed significant challenges that Huawei overcame to lead the market [4][5]. - Huawei's first commercial three-fold phone, the Mate XT, marked the beginning of a new era in the industry, demonstrating the company's ability to turn a high-concept idea into a viable product [9][19]. - The Mate XT features a 10.2-inch screen and is noted for being the lightest and thinnest foldable smartphone available, weighing only 298g and measuring 3.6mm at its thinnest point [19]. Group 3: Ecosystem and User Experience - Huawei's HarmonyOS, with its distributed architecture, enhances the user experience by enabling seamless task management and a high level of application compatibility, achieving over 95% adaptation for commonly used software [13]. - The integration of hardware and software allows for a unique user experience that redefines productivity and entertainment, making the three-fold device more than just a larger screen [13][15]. - Huawei's commitment to sharing technological advancements with the industry has helped push the foldable screen sector towards maturity, benefiting the entire supply chain [21]. Group 4: Strategic Vision and Future Outlook - Huawei's approach to the three-fold market reflects a broader vision of innovation, where the company not only leads in product development but also shapes industry standards [6][16]. - The article suggests that Huawei's pioneering efforts in the three-fold space could inspire other manufacturers to join the market, potentially leading to a new wave of technological advancements [21].

责任编辑：刘万里 SF014 新浪科技讯 12月12日下午消息，据媒体报道，近日山东一村支书称在网上卖农作物小米，被小米公司 法务"关联雷氏营销"投诉下架视频一事引起热议。@小米公司发言人 今日发布声明称，相关视频内容 完全失实，是彻头彻尾的歪曲与污蔑。 小米在声明中表示，此前，我司对该账号部分内容的投诉，针对的是其恶意模仿、捏造污蔑，对我司及 我司高管名誉的侵害行为，并非针对"小米"二字或"小米"农产品的正常使用。将投诉行为曲解为"不让 用'小米'二字"，是偷换概念，以"助农"议题为名，行污蔑造谣、博取流量之实。 该事件当事人今日也在抖音账号上发布道歉视频称，近期为了推广销售农产品，发布了涉小米公司引发 争议的视频，对小米公司产生了影响，今后一定会规范自己的网络言行，在此向大家表示诚挚的歉意。 新浪科技讯 12月12日下午消息，据媒体报道，近日山东一村支书称在网上卖农作物小米，被小米公司 法务"关联雷氏营销"投诉下架视频一事引起热议。@小米公司发言人 今日发布声明称，相关视频内容 完全失实，是彻头彻尾的歪曲与污蔑。 小米在声明中表示，此前，我司对该账号部分内容的投诉，针对的是其恶意模仿、捏造污蔑，对我司及 ...

Core Insights - Huawei is striving to regain market share in the high-end smartphone segment in the Middle East, which has been dominated by Apple and Samsung for a long time [1][4] - The Middle East market is becoming a crucial growth pillar for Chinese smartphone brands outside Asia, with Huawei launching multiple high-end products in a short span [1][6] Group 1: Market Dynamics - The Middle East smartphone market is projected to reach 15.1 million units by Q3 2025, reflecting a 23% year-on-year growth, with the UAE market growing by 13% [2] - Apple and Samsung dominate the high-end market, holding over 90% of the market share, with Apple accounting for approximately 46% and Samsung 45% in the $500 and above price segment [4] Group 2: Strategic Moves - Huawei's recent product launch in Dubai includes the Mate X7 foldable phone, targeting direct competition with Samsung's Galaxy Z Fold series [2] - Huawei is not only focusing on smartphone deployment but also accelerating its market actions in the Middle East by proposing a regional smart transformation strategy and collaborating with local companies [5] Group 3: Challenges and Opportunities - Huawei faces significant challenges in overcoming brand recognition and ecosystem barriers in the high-end market [4] - The Middle East market presents both growth opportunities in the mid-range segment and profit potential in the high-end and mid-high-end markets for Chinese brands [6]

Core Insights - TrendForce's latest survey indicates that memory prices are expected to rise significantly in Q1 2026, leading smartphone and laptop manufacturers to inevitably increase product prices, lower specifications, and further reduce shipment forecasts [1][2] Group 1: Smartphone Market - The share of memory in the Bill of Materials (BOM) cost for consumer electronics, including smartphones, is increasing, which may force companies like Apple to reconsider pricing strategies for new models and potentially eliminate discounts on older models [1] - For mid-range Android brands, the rising memory prices will likely compel them to increase new model prices and adjust existing model pricing or lifecycle to mitigate losses [1][5] - The low-end smartphone market is expected to see entry-level models revert to 4GB of memory by 2026 due to cost constraints [5] Group 2: Laptop Market - The rise in memory prices will lead laptop brands to adjust their product mix, procurement strategies, and regional sales layouts, particularly affecting high-end thin laptops that use soldered mobile DRAM [2] - In the consumer laptop market, while current inventory and low-cost memory may support short-term profits, long-term adjustments in specifications or pricing are anticipated, with a significant pricing adjustment expected in Q2 2026 [2] - Lenovo and Dell are reportedly planning price increases of approximately 15-20%, effective as early as mid-December [5] Group 3: Memory Pricing Trends - TrendForce forecasts a 30.9% quarter-over-quarter increase in DRAM industry revenue for Q3 2025, reaching $41.4 billion, with a projected 45-50% increase in DRAM contract prices for Q4 2025 [5] - All DRAM products, including High Bandwidth Memory (HBM), are expected to see price increases of 50-55% [5] - The global shipment forecast for laptops has been revised from a 1.7% year-over-year increase to a 2.4% year-over-year decrease for 2026 [5]

Group 1: Market Overview - The US stock market showed mixed results with the Dow Jones Industrial Average rising by 1.34% to close at 48,704.01, marking a historical high, while the Nasdaq fell by 0.25% to 23,593.86 [10][12] - European markets experienced an upward trend, with the DAX index increasing by 0.68% to 24,294.61 and the CAC40 rising by 0.79% to 8,085.76, driven by a 25 basis point rate cut by the Federal Reserve [10][12] - The Hang Seng Index in Hong Kong saw a slight decline of 0.04% to 25,530.51, while the Nikkei 225 in Japan dropped by 0.9% to 50,148.82 [10][12] Group 2: Economic Indicators - The US trade deficit narrowed significantly by nearly 11% in September, falling to $52.8 billion, which is below market expectations and the lowest level since June 2020 [9][12] - Initial jobless claims in the US surged by 44,000 to 236,000, marking the highest increase since March 2020 [9][12] - The World Bank has revised its forecast for China's economic growth in 2025 to 4.9%, an increase of 0.4 percentage points from previous estimates, supported by proactive fiscal policies and a diversified export market [13] Group 3: Company News - Huawei regained the top position in the domestic smartphone market, surpassing Apple for two consecutive weeks, with market shares of 27.81% and 22.89% respectively during the last two weeks of November [14] - JD Industrial debuted on the Hong Kong stock market, increasing the number of publicly listed companies under the JD umbrella to five [14] - Zhaoxin Co. plans to acquire a 70% stake in Youde New Energy, a leading company in the new energy operation sector [14]

Key Points - Xiaopeng Motors' founder He Xiaopeng made a bet with his team regarding the performance of their VLA2.0 compared to Tesla's FSD by 2026, indicating confidence in the advancement of autonomous driving technology [4][5] - Nvidia responded to allegations that Chinese startup DeepSeek used smuggled Blackwell chips for AI model training, stating they have seen no evidence of such activities [7] - ZTE Corporation announced its commitment to anti-corruption and is currently in communication with the U.S. Department of Justice regarding compliance investigations related to overseas bribery [9][10] - Zhu Xiaohu commented on Tencent's cautious investment strategy over the past 20 years, emphasizing that the company waits for market clarity before making significant moves [11] - The Chinese government is expected to continue its "national subsidy" policy for consumer goods in 2024, with a focus on optimizing implementation by 2026 [19][20] - MiniMax and Zhizhu, two domestic AI unicorns, are reportedly planning to conduct IPOs in Hong Kong soon, aiming to become the first publicly listed company in the large model sector [21] - JD Industrial, a subsidiary of JD Group, officially listed on the Hong Kong Stock Exchange, raising approximately HKD 2.827 billion [22][23] - Meitu's CEO announced an internal venture initiative, allowing employees to apply for funding to develop AI projects, aiming to enhance organizational efficiency [24] - Lantu Motors' chairman emphasized the need for a breakthrough in the luxury car market, which has been dominated by foreign brands [25] - Xiaomi launched its first self-produced central air conditioning unit at its Wuhan smart home appliance factory, showcasing advancements in its manufacturing capabilities [26][27]

Core Viewpoint - The Indian government has mandated that all mobile manufacturers, including Apple and Samsung, must pre-install a network security application called "Sanchar Saathi" within 90 days, which cannot be disabled or uninstalled by users [1][4]. Group 1: Application Overview - "Sanchar Saathi" was initially launched as a web feature by the Indian Ministry of Telecommunications in 2023 to help users report scam calls, locate lost or stolen phones, verify phone authenticity, and check the number of SIM cards registered under their name [4][12]. - The application leverages the Central Equipment Identity Register (CEIR) to lock devices, which is a government database that records all device IMEI numbers, allowing for effective tracking and management of mobile devices [12][16]. Group 2: Public Reaction - The public response has been divided, with supporters arguing that if personal data can be shared with foreign software companies, it should also be shared with the government for security purposes [6]. - Some users have reported positive experiences, such as recovering stolen or lost phones through the application, which has garnered support from those affected by rising phone theft and telecom fraud in India [19][21]. Group 3: Opposition Concerns - Opponents of the mandate focus on issues of "compulsion" and "privacy," arguing that the government should not force users to install the application, citing potential violations of privacy rights [9][22]. - The Indian Ministry of Telecommunications faced backlash for not publicly disclosing the decision to mandate the application, leading to concerns about surveillance and privacy among the public [25][26]. Group 4: Technical and Privacy Issues - Critics, including software advocacy groups, have pointed out that the application requests excessive permissions that are not necessary for its core functions, raising concerns about privacy and security vulnerabilities [30][34]. - The application has been criticized for being poorly designed and for overstepping in terms of permission allocation, which could potentially increase the risk of security breaches [34][38]. Group 5: Industry Response - Major tech companies, including Apple and Google, have expressed opposition to the mandate, as it sets a precedent for pre-installing third-party applications, which could lead to similar demands in other markets [38].