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Xiaomi has launched its first inference open-source large model, Mimo! With 7 billion parameters, it surpasses OpenAI's o1-mini and Alibaba's QwQ-32B-Preview.
Under the same conditions of reinforcement learning (RL) training data, MiMo-7B shows a significantly greater potential in mathematics and coding than other widely used models in the industry, including well-known RL starter models such as DeepSeek-R1-Distill-7B and Qwen2.5-32B.
At the moment when the stock price hits a new high, a Shareholder sold 0.1 billion dollars worth of POP MART.
According to media reports on Wednesday, an unnamed major Shareholder of POP MART sold approximately 4.1 million Shares through Trade at a price of HKD 192.95 per share, which is about 2.5% lower than Tuesday's closing price, cashing out USD 0.101 billion. This news sparked concerns, and POP MART fell by 3% at one point today.
Hong Kong Stock Morning Report｜Two major insurance companies subscribed to the 2nd phase Fund of 20 billion yuan. The Hong Kong Stock Exchange has already contacted some companies regarding the "return of Chinese concept stocks."
① Two major insurance companies subscribed to 20 billion yuan for the Honghu Phase II Fund. ② The Hong Kong Stock Exchange has contacted some companies regarding the "return of Chinese concept stocks." ③ Li Yunzhe met with the President of the Hong Kong Monetary Authority, Eddie Yue Wai-man. ④ Tencent announced a restructuring of its mixed Yuan model research and increased investment in AI.
Chinese humanoid robots are seizing a global $5 trillion "big track"!
Morgan Stanley expects that by 2050, a total of 1 billion humanoid robots will be deployed globally, with annual revenue reaching 4.7 trillion dollars, nearly double the total revenue of the top 20 global Auto Manufacturers in 2024. China's policy support, technological advancements, and manufacturing foundation place it in a leading position in the field of humanoid robots, especially in the Hardware supply chain.
The attractiveness of Hong Kong stocks continues to grow, Goldman Sachs has raised its forecast for southbound capital flow to 110 billion USD in 2025.
Goldman Sachs significantly raised its forecast for the southbound capital flow under the mutual market access mechanism between the mainland and the Hong Kong stock markets, increasing the estimated scale from 75 billion dollars to 110 billion dollars.
BEIGENE's revenue growth in 2024, narrowing losses, and core products gaining global traction.
① The company achieved a revenue of 27.214 billion yuan for the year, with a year-on-year increase of 56.19%; the net income attributable to shareholders was -4.978 billion yuan, a decrease of 17.38% from the previous year; the net income excluding non-recurring items was -5.379 billion yuan, a year-on-year decrease of 17.38%; ② The revenue share of Baiyueze and Baizean continues to expand, driving the company's revenue growth.
