Movement Alert｜ZTE Corporation Rises 4.86% in Regular Trading, Global First AI Agent Smartphone Set to Debut at WAIC

Market Focus07-10

On July 10, ZTE Corporation rose 4.86% in regular trading, trading at 26.02 HKD/share, with turnover of HKD 259 million, extending the previous session's strong momentum.

On the news front, ZTE officially announced that the world's first AI agent smartphone will make its debut at the World Artificial Intelligence Conference (WAIC) held in Shanghai from July 17 to 20. The device is a Nubia-branded product — the second-generation Doubao phone — with an expected retail price exceeding RMB 4,000, up from the first generation's RMB 3,499 due to rising memory costs. ZTE's chairman had previously previewed the next-generation AI phone at the Summer Davos Forum, noting collaboration with mainstream internet partners on development.

Additionally, UBS increased its holdings of ZTE H-shares by 636,200 shares on July 2 at approximately HKD 22.62 per share, raising its stake to 8.03%. BlackRock also lifted its long position from 6.52% to 7.10% on June 25. Sustained institutional accumulation further bolstered market confidence in the company's AI and consumer business growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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