HK Stock Market Move | ZTE Corporation (00763) falls more than 4% again, and the prototype of DouBao AI phone is sold out. The company said it is not a mass consumer product.

ZTE Corporation (00763) fell by more than 4% again, dropping by 4.09% to HK$32.4 as of press time, with a turnover of HK$995 million. On the news side, according to the Science and Technology Innovation Board Daily, reporters found that the nubia M153 Bean Bag Mobile Assistant Technology Preview, priced at 3499 yuan on the ZTE Mall official website, has sold out. ZTE Terminal stated that the nubia M153 phone is an engineering prototype developed in collaboration, with the product definition and experience of the Bean Bag leading AI mobile assistant being headed by Bean Bag, and ZTE Corporation's nubia leading hardware engineering and technical research and development. It is only for industry professionals who need to experience the Bean Bag phone, showcasing the Bean Bag AI technology and capabilities, not a mass consumer product. According to the latest report from Morgan Stanley, although the Bean Bag demo version has demonstrated a rich functional ecosystem, Morgan Stanley believes that its implementation faces significant challenges. The report points out that such deep system-level integration requires modifications to the operating system, which directly impacts the core interests of mobile phone manufacturers (OEMs). Morgan Stanley believes that major mobile phone manufacturers and super apps are more inclined to develop their own AI assistants.