HK Stock Market Move | ZTE Corporation (00763) rose more than 5%. The second generation of the "Bean Phone" will debut at the World Artificial Intelligence Conference.

ZTE Corporation (00763) rose more than 5%, with an increase of 5.34% to 24.44 Hong Kong dollars as of the press release, with a trading volume of 2.11 billion Hong Kong dollars. On the news front, on July 8th, the President of ZTE Corporation's Terminal Business Unit, Ni Fei, stated on a social platform that Nubia will launch the "world's first AI intelligent body smartphone" and will make its first appearance at the World Artificial Intelligence Conference opening on July 17th. According to sources, the AI intelligent body smartphone mentioned by Ni Fei is the "Bean Phone" second generation. Compared to the M153 technology preview version launched in December 2025, the new phone will upgrade components such as the screen and camera module. Sources also mentioned that due to factors such as the rise in memory prices, the expected price of the Bean Phone second generation is expected to exceed 4000 yuan, higher than the first generation's price of 3499 yuan. Morgan Stanley's previous research report pointed out that as investors shift their focus to the recovery stage and the re-emergence of AI catalysts, ZTE Corporation may undergo a reevaluation. The company's collaboration with ByteDance on the "Bean" AI assistant will integrate intelligent body, multimodal, and system-level AI capabilities into smartphones. Early demand indicators such as the rapid sale of the initial batch of products indicate strong market interest. The bank expects ZTE to deepen this cooperation, paving the way for a wider commercialization of AI smartphones, which could become an important catalyst for sentiment and valuation.