Hong Kong Stocks Movement | ZTE (00763) Drops Over 4% Again as Doubao AI Phone Prototype Sells Out; Company Clarifies It's Not a Mass Consumer Product

Stock News12-03

ZTE (00763) fell more than 4% again, dropping 4.09% to HKD 32.4 by the time of writing, with a turnover of HKD 995 million.

According to reports, the nubia M153 Doubao Phone Assistant Technical Preview Edition, priced at CNY 3,499, has sold out on ZTE's official mall. ZTE Terminal clarified that the nubia M153 is a collaborative engineering prototype, with Doubao leading the product definition and user experience of the AI phone assistant, while ZTE's subsidiary nubia handled hardware engineering and technical development. The device is targeted at industry professionals for showcasing Doubao's AI capabilities and is not intended as a mass-market consumer product.

In its latest research note, Morgan Stanley acknowledged the rich functional ecosystem demonstrated by Doubao's preview version but highlighted significant challenges in execution. The report noted that such deep system-level integration requires modifications to the operating system, which directly conflicts with the core interests of smartphone OEMs. Morgan Stanley believes major smartphone manufacturers and super apps are more inclined to develop their own AI assistants.

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