JPKUASO@EP2603A(18691.HK)

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JPKUASO@EP2603A
18691.HK
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Kuaishou's e-commerce unit fined $3.8 million by Chinese regulator

Kuaigou, an e-commerce unit of Kuaishou Technology, has been fined 26.7 million yuan ($3.84 million) by China's market regulator for several illegal acts, including charging unreasonable fees, failing to protect consumers, and facilitating misleading marketing practices. The fine follows a probe initiated in September, which uncovered issues like false marketing and counterfeit products. Kuaigou has stated it will comply with the regulator's decision and improve its operations to better serve consumers.

Yahoo Finance·
HK
01024
-3.38%
Yahoo Finance·
HK
01024
-3.38%

Kuaishou Technology Files Next Day Disclosure Return to HKEX for 24,371 New Shares Issued at Up to HKD 62.3 Each

Kuaishou Technology has filed a Next Day Disclosure Return with the Hong Kong Stock Exchange, announcing the issuance of 24,371 new shares. This includes 15,000 shares issued under the post-IPO share option scheme at HKD 62.3 each and 9,371 shares under the pre-IPO employee incentive scheme at HKD 0.3273 each.

Reuters·
HK
01024
-3.38%
Reuters·
HK
01024
-3.38%

中国消费级 AI“激活年”，AI 应用胜负未定，摩根大通更看好 “二阶受益者”

摩根大通指出，现阶段中国 AI 应用市场份额更多反映分发能力而非护城河，建议避开对赢家的直接押注，转而关注更确定的 “二阶受益者”：AI 基础设施如百度、阿里巴巴（承载激增的推理需求）、效果广告平台如快手（受益于行业竞争加剧的营销投入）以及能提升关键工作流效率的企业级应用如腾讯。

Wallstreetcn·
US
TCEHY
-3.72%
US
BABX
-5.36%
US
BIDU
-2.75%
Wallstreetcn·
US
TCEHY
-3.72%
US
BABX
-5.36%
US
BIDU
-2.75%

Hong Kong stocks close | The Hang Seng Index fell 2.08%, the Hang Seng Tech Index fell 2.10%, gold and technology sectors saw significant corrections

Today, the three major indices of the Hong Kong stock market closed lower, with the Hang Seng Index down 2.08%, the Hang Seng Tech Index down 2.10%, and the National Enterprises Index down 2.47%. The technology, retail, and gold sectors performed poorly, with leading stock Tencent Holdings down 2.57% and Zijin Mining down 9.19%. Risk aversion sentiment among investors has increased, putting pressure on most sectors, while funds are concentrated in large-cap core assets. A few structural sectors, such as private education, have strengthened, leading to increased market volatility and divergence

Market Heartbeat·
HK
09988
-2.37%
HK
00700
-2.57%
HK
01024
-3.38%
Market Heartbeat·
HK
09988
-2.37%
HK
00700
-2.57%
HK
01024
-3.38%

Hong Kong stocks intraday | Three major indices collectively adjusted, Hang Seng Index fell 1.99%, gold sector significantly declined

The three major indices in the Hong Kong stock market continued to be under pressure during the trading session, with the Hang Seng Index, Hang Seng Tech Index, and the China Enterprises Index all failing to break through their recent highs. The gold sector led the decline, while mainstream sectors such as retail and internet content collectively fell, with the market lacking positive catalytic drivers. Core blue chips like Alibaba and Tencent Holdings experienced significant declines, and the sharp drop in Zijin Mining highlighted the rising risk aversion. Under the disturbance of macro capital flows and economic data, market volatility intensified, with a clear structural divergence among sectors, and short-term funds mainly adopting a wait-and-see approach

Market Heartbeat·
HK
09988
-2.37%
HK
00700
-2.57%
HK
01024
-3.38%
Market Heartbeat·
HK
09988
-2.37%
HK
00700
-2.57%
HK
01024
-3.38%
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