阿联酋 第45届海湾信息技术展于阿联酋迪拜闭幕，吸引180个国家的6800多家企业和2000多家初创企业参与，展示未来科技发展创新。中国参展企业达到372家，创 历史新高，包括来自中关村科学城的50余家海淀企业，展示了中国在人工智能、数字医疗、战略性新兴产业和前沿技术的最新成果。中国驻迪拜总领事和大 使考察展会，与参展企业交流合作事宜。（央视新闻） 首届阿联酋国际投资峰会中国峰会11月在沪举行 小鹏汇天"陆地航母"获中东首批600台订单，计划最早2027年进入中东市场 近日，在迪拜举办"陆地航母"首场国际品鉴会上，小鹏汇天"陆地航母"完成了海外首次有人驾驶公开飞行演示。发布会上，国际新品牌"ARIDGE"正式公 布；同时，汇天正式官宣位于广州的飞行汽车智造基地已于9月底全面竣工，为2026年"陆地航母"量产交付做好生产准备。在活动现场，汇天与阿联酋 Ali& Sons 集团、卡塔尔 Almana 集团、科威特 AlSayer 集团和阿联酋中华工商总会签订中东地区首批600台飞行汽车订购协议。目前陆地航母已累计7000台订 单。汇天计划最早于2027年进入中东市场。（智通财经） 华为 AI 点燃中东 5G 风暴 ...

Core Insights - Alibaba Group and Ant Group jointly invested 9.25 billion USD (approximately 66 billion RMB) to establish their Hong Kong headquarters, aiming to expand international business [5] - Alibaba Cloud launched its second data center in Dubai to meet the growing demand for cloud and AI services in the Middle East, expanding its global presence to 29 regions and 92 availability zones [5] - AliExpress announced the schedule for its overseas Double 11 and Black Friday sales events, focusing on "commission incentives + overseas hosting + brand expansion" strategies [5] Group 1: Alibaba and Ant Group Developments - Alibaba and Ant Group's investment in Hong Kong is a strategic move to enhance their international business footprint [5] - Alibaba Cloud's new data center in Dubai is part of a broader strategy to cater to increasing cloud service demands in the region [5] Group 2: E-commerce and Logistics Initiatives - AliExpress will kick off its overseas Double 11 sales on November 8, with a seamless transition to Black Friday sales starting November 20 [5] - Cainiao announced its global logistics guarantee plan for the 2025 year-end promotion, offering various delivery options to enhance customer experience [6] Group 3: Automotive Industry Expansion - Li Auto opened its first overseas retail center in Tashkent, Uzbekistan, focusing on selling three range-extended electric models [6][7] - XPeng Motors launched a digital parts warehouse in Dubai, marking a new phase in its after-sales service network in the Middle East and Africa [7] Group 4: Technology and Innovation - Pony.ai passed the Hong Kong Stock Exchange hearing and is actively expanding its international operations, including partnerships in Luxembourg and Singapore [8] - New Stone Technology and K2 Group formed a strategic partnership to accelerate the deployment of autonomous delivery technology in the UAE [8] Group 5: Renewable Energy and Financing - Canadian company Aypa Power signed a battery storage system supply agreement with Canadian Solar's subsidiary, totaling 2.1 GWh capacity [9] - AI video company Aishi Technology completed a 100 million RMB B+ round financing, with a user base exceeding 100 million globally [10] Group 6: Robotics and Automation - Yunji Technology went public on the Hong Kong Stock Exchange, raising approximately 590 million HKD and achieving a market valuation close to 10 billion HKD [10] - Qianjue Robotics completed a Pre-A round financing of over 100 million RMB, focusing on multi-modal tactile perception technology [11] Group 7: Global Trade and Exports - China's exports of holiday goods, dolls, and animal-shaped toys exceeded 50 billion RMB in the first three quarters, showcasing the influence of traditional culture and manufacturing strength [13] - The 2025 Global Mobile Game Manufacturers Top 50 list included nine Chinese companies, highlighting the country's growing presence in the gaming industry [13]

本周观点 寻找超预期标的和反转标的： 投资逻辑 寻找超预期标的和反转标的。1）港股互联网和中概等海外中国资产短期难再大涨，大量资产静态估值在面对国 际环境、三季报等事件的情况下显得脆弱，阿里等巨头短期兑现情绪不可避免，科技巨头的机会还是科技叙事的 进展，回调再出发更健康。腾讯、PDD 等基本面相对扎实的头部互联网企业我们认为持续配置的价值高，二梯队 的互联网赛道我们还是建议关注互联网医疗。2）加密货币虚拟资产短期压力较大，短期无增量叙事，零售的情 绪交易主导了近期的回调。3）寻找超预期标的和反转标的，市场一直担心跨境互联网券商是否会有进一步的政 策，短期加剧了相关标的的波动，但是根据跟踪研究来看，我们对政策的落地相对乐观，建议近期积极寻找加仓 的时机。互金助贷十一新规刚落地，政策的短期冲击不可避免，但是我们认为该赛道的刚需程度高，建议持续关 注回调后的极端估值和后续基本面困境反转。另外户外运动穿戴、咖啡龙头、海外电商平台或部分消费品标的我 们预期三季报超预期的概率较高，建议积极参与。 教育：景气略有承压。K12 教培行业由于中小机构供给增加，竞争边际加剧，龙头阿尔法能力逐渐趋稳。本周国 考公告发布，计划招录 ...

截至2025年10月17日 11:04，恒生科技指数下跌2.34%。成分股方面涨跌互现，蔚来-SW领涨2.48%，海尔智家上涨0.08%，同程旅行上涨0.00%；比亚迪电子 领跌5.65%，地平线机器人-W下跌5.14%，中芯国际下跌4.53%。恒生科技指数ETF(159742)下跌1.09%，最新报价0.81元。拉长时间看，截至2025年10月16 日，恒生科技指数ETF近3月累计上涨10.92%，涨幅排名可比基金2/11。 流动性方面，恒生科技指数ETF盘中换手5.24%，成交2.34亿元。拉长时间看，截至10月16日，恒生科技指数ETF近1月日均成交8.56亿元。 据报道，10月15日，阿里云宣布其位于迪拜的第二座数据中心正式投入使用，以满足中东地区日益增长的云和AI需求。这是今年以来，阿里云继泰国、韩 国、马来西亚、墨西哥及中国北京、上海、杭州等地，在全球落地的又一新数据中心。至此，阿里云全球布局已扩展至29个地域、92个可用区。 消息面上，近期，全球AI视频生成技术迎来关键突破，OpenAI发布Sora2模型并推出独立社交应用SoraApp，标志着AI从内容生成向社交生态构建迈进。 美国科技巨头Me ...

Group 1 - Alibaba Cloud has launched its second data center in Dubai to meet the growing demand for cloud and AI services in the Middle East, expanding its global presence to 29 regions and 92 availability zones [2] - Shanghai Chip-on-Wafer Technology Co., Ltd. (Chip-on-Wafer) showcased its advanced semiconductor equipment at the 2025 Bay Area Semiconductor Industry Expo, focusing on market-ready solutions derived from Shanghai Microelectronics Group [2] - Yuke Technology has signed a strategic agreement with the Global Industrial AI Alliance Excellence Center to enhance international brand influence and accelerate overseas market expansion in cloud computing and Sovereign AI [2] - Bharti Airtel has partnered with Google to establish India's first large-scale AI hub in Visakhapatnam, with Google planning to invest approximately $15 billion between 2026 and 2030 to develop a gigawatt-level data center operation system [2] - ZTE Corporation has completed key technology testing for RAN AI under the IMT-2020 (5G) promotion group, validating the integration of AI with RAN to enhance user experience and efficiency [3]

Group 1 - Alibaba Cloud has launched its second data center in Dubai to meet the growing demand for cloud and AI services in the Middle East, expanding its global presence to 29 regions and 92 availability zones [5] - Baidu has upgraded its Wenxin Assistant AIGC creation capabilities, supporting eight modes of AI content creation, with daily user-generated AIGC content exceeding 10 million [6] - OpenAI is planning a five-year expenditure of over $1 trillion to advance AI technology, while facing significant losses of $13.5 billion against revenues of $4.3 billion in the first half of 2025 [7][9] Group 2 - Amazon is reportedly planning to cut up to 15% of its human resources department, with potential impacts on other core consumer business areas [11] - AMD has secured a significant AI chip order from Oracle, indicating progress in competing with Nvidia in the AI chip market, with deployment of 50,000 MI450 AI chips starting in Q3 2026 [12] - The demand for AI computing is driving a surge in infrastructure development among major tech companies, with AMD aiming to enhance its capabilities to provide complete computing solutions for data center operators [13]

Group 1 - The company, Zhongke Information (300678.SZ), has stated that it is currently not involved in the construction of Alibaba Cloud's data centers [1]

Group 1 - The company, Zhongke Information (300678.SZ), has stated that it is currently not involved in the construction of Alibaba Cloud's data centers [1]

Core Insights - Alibaba Cloud is expanding its global infrastructure by adding new data centers in Malaysia and the Philippines, increasing its presence to 29 regions and 90 availability zones [1] Group 1: Expansion Details - The third availability zone in Malaysia officially launched on July 1 [1] - The second availability zone in the Philippines is scheduled to go live in October this year [1] Group 2: Market Demand - The expansion aims to meet the growing demand for cloud computing and AI services in overseas markets [1]

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the benchmark index over the next 6-12 months [29]. Core Insights - The launch of GPT-5 is anticipated this summer, which is expected to create dual investment opportunities in computing infrastructure and application ecosystems [1][4]. - The first 5G-A embodied intelligent robot was released by Leju in collaboration with China Mobile and Huawei, marking a significant breakthrough in the integration of 5G-A communication, AI models, and robotics [1][12]. - Alibaba Cloud announced the opening of its second data center in South Korea by the end of June, expanding its global footprint to 29 regions and 88 availability zones, enhancing its competitive position against international cloud providers [1][13][14]. Summary by Sections Investment Opportunities - The report highlights potential investment opportunities in companies such as Zhongke Shuguang, Inspur Information, and Cambricon due to the expected launch of GPT-5 [4]. - In the field of embodied intelligent robots and Alibaba Cloud, companies like Data Port, Digital China, Zhejiang University Network, and Softcom Power are recommended for attention [4]. Company Developments - Haitai High-tech repurchased 389,700 shares, accounting for 0.05% of its total share capital, with a total transaction amount of approximately 3.97 million yuan [3]. - Tax Friend Co. plans to repurchase and cancel 418,250 restricted stocks due to performance assessment failures among some incentive targets [3][21].