Tencent
Tencent is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest-grossing multimedia companies in the world, based on revenue.
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Hong Kong 26-Year-Old Trader Misappropriates HK$50 Million to Go Long on SK Hynix ETF, Book Losses HK$150 Million
According to Odaily, a 26-year-old male trader at Hong Kong's Chee Fu Management Services Limited allegedly misappropriated HK$50 million of company funds as margin to purchase the CSOP Direxion 2x Long SK Hynix ETF using leveraged financing.Due to the double leverage of margin financing combined with the 2x leveraged ETF, the position incurred paper losses of approximately HK$150 million. The ETF had risen to an all-time high of HK$193.65 in late June, but subsequently corrected along with the semiconductor sector, falling over 72% to HK$52.58 as of July 20.The trader has been arrested by police on suspicion of theft. As the position has not yet been closed, the final loss will continue to fluctuate with price movements. (Tencent News)
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Hong Kong 26-Year-Old Trader Misappropriates HK$50 Million to Bet Big on Hynix ETF, Suffers HK$150 Million Loss
According to Tencent News "YiXian", a 26-year-old male trader at Hong Kong Zhi Fu Management Services Limited misappropriated 50 million HKD of company funds as margin without authorization between January 9 and July 20 this year, using financing leverage to heavily buy the HKEX-listed CSOP 2x Long SK Hynix ETF (07709.HK), ultimately resulting in paper losses of up to 150 million HKD. Driven by the memory chip theme, the ETF surged to a historical high of HKD 193.65 at the end of June this year, but subsequently the semiconductor sector corrected sharply. As of July 20, it had plummeted to HKD 52.58, a decline of over 72%. Hong Kong financial professionals analyzed that the combination of double leverage from margin financing and the 2x Long ETF was the main reason why the 50 million principal turned into a 150 million huge loss. The incident was uncovered during the company's recent audit. The man involved was arrested by the police on July 20 on suspicion of "theft". Currently, the relevant stock positions have not yet been forcibly liquidated, and the final loss remains uncertain. After the incident, some clients of Zhi Fu Securities made risk-avoidance withdrawals.
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Binance Quanto Perpetual Contracts Launch Tencent and Xiaomi Hong Kong Stock Trading
on July 22 that Binance has officially launched the HK0700 USDT (Tencent) and HK1810 USDT (Xiaomi) Hong Kong stock trading pairs on its Quanto perpetual contracts.Binance Quanto perpetual contracts allow users to trade non-USD-denominated stocks using local currencies without the need for foreign exchange conversion, lowering the barrier to entry while enhancing trading convenience. Binance TradFi products now support 140 trading pairs, and the trading volume of its TradFi perpetual contracts over the past week has approached $100 billion, continuously expanding users' one-stop experience in trading traditional financial assets.
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Bitget TradFi Quanto Perpetual Contracts Listed for Tencent, Zhipu AI, and Xiaomi
: According to official announcements, Bitget has launched Quanto perpetual contracts for three stocks: Tencent (TENCENT), Zhipu AI (ZHIPU), and Xiaomi (XIAOMI). These contracts support up to 20x leverage and 7×24-hour trading.The TradFi Quanto perpetual contract allows users to trade Hong Kong stocks and other non-USD-denominated overseas stocks directly using USDT, eliminating the need for currency exchange. The contract itself is quoted in Hong Kong dollars, while margin deposits and profit/loss settlements are conducted in USDT. This simplifies the trading process while effectively avoiding additional risks associated with exchange rate fluctuations.
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Tencent Hunyuan Launches Agent Hyra-1.0
Tencent Hunyuan announced the launch of the first version of Hyra (Hunyuan Research Agent), Hyra-1.0. According to Tencent Hunyuan, this is an agent capable of recursive self-improvement, oriented towards performance-driven research and engineering tasks. In addition to model R&D and scientific discovery, Hyra can also enter open scenarios such as gaming, design, and content creation, continuously iterating strategic outputs based on self-play, self-evaluation, and user feedback.
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Claude Code exposed to high-severity security risk: Malicious configuration files could silently execute commands
Cos, founder of SlowMist, shared a tweet on X platform regarding potential poisoning attack risks in Claude Code and published a detailed analysis of poisoning attacks targeting Grok Build CLI and Claude Code CLI. The analysis pointed out that the security mechanisms of Grok Build CLI are not unified, with different code paths having different trust assumptions, and the gaps between them serve as channels for attackers.Attackers may exploit malicious project configuration files to execute arbitrary commands without the user's knowledge, thereby stealing API keys, cloud credentials, or gaining control over local devices. Researchers constructed a test environment and found that on Mac systems, if Claude Code is compromised, executing a specific test command could trigger the launch of a local calculator, demonstrating a potential command execution risk. If the attack succeeds, attackers could further steal API keys from AI services such as Claude and OpenAI, causing account cost losses; obtain credentials for cloud services like AWS, Alibaba Cloud, and Tencent Cloud to access servers and data; tamper with code repositories to implant backdoors; and leverage local devices as a springboard to attack internal enterprise networks. It is reported that the relevant vulnerability has existed for one year.
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Claude Code Has Potential Poisoning Attack Risk: Malicious Configuration Files Could Enable Silent Code Execution
SlowMist founder Cosine retweeted a post about the potential poisoning attack risks of Claude Code, pointing out that attackers could execute arbitrary commands without the user's knowledge through malicious project configuration files, thereby stealing API keys, cloud credentials, or controlling local devices. Researchers constructed a test environment and found that in Mac systems, if Claude Code is affected, executing specific test commands can trigger the local calculator to launch, proving the existence of potential command execution risks. If the attack succeeds, attackers may further steal API Keys for AI services such as Claude and OpenAI, causing account fee losses; obtain cloud service credentials for AWS, Alibaba Cloud, Tencent Cloud, etc., to access servers and data; tamper with code repositories to implant backdoors; and use local devices as a springboard to attack enterprise internal networks.
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The Turing Award winner Bengio warns: current safety measures can't keep up with the rapid pace of AI capabilities
: At the Science Frontier Forum of the 2026 World Artificial Intelligence Conference (WAIC), Turing Award winner Yoshua Bengio issued a warning via remote connection: "AI has both lowered the bar for causing harm and raised the ceiling of potential damage."In recent years, this visionary "Godfather of AI" has been dedicated to addressing the security challenges posed by AI. The LawZero project led by Bengio is working to build protective systems capable of identifying and preventing harmful behaviors such as AI deception and self-preservation. The international AI safety report he spearheaded has also reached a consistent conclusion: current safety measures can no longer keep up with the explosive pace of AI capability development. (Tencent Technology)
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Binance Futures will launch multiple USDT-margined TradFi perpetual contracts, including MiniMax, Zhipu AI, etc.
Binance will list multiple perpetual contracts sequentially starting from 11:00 on July 17, 2026, including MiniMax Perpetual Contract MINIMAXUSDT (11:00), Zhipu AI Perpetual Contract ZHIPUUSDT (11:05), Tencent Quantitative Perpetual Contract HK0700USDT (11:10), Xiaomi Quantitative Perpetual Contract HK1810USDT (11:15), and Tencent Perpetual Contract TENCENTUSDT (13:00). Among them, HK0700USDT and HK1810USDT are quantitative perpetual contracts, based on Hong Kong stock prices, settled directly in USDT, without involving foreign exchange conversion.
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DeepSeek's first funding round officially closed, with Tencent, CATL, National Artificial Intelligence Industry Fund, and others investing.
DeepSeek's first round of financing has officially closed. Industrial and commercial information shows that DeepSeek's affiliated company, Hangzhou Deep Seek Artificial Intelligence Basic Technology Research Co., Ltd., recently underwent industrial and commercial changes, adding Hangzhou Chengli Enterprise Management Partnership (Limited Partnership) and National Artificial Intelligence Industry Investment Fund Partnership (Limited Partnership) as shareholders, with registered capital increased to 16.4475 million yuan.
Liang Wenfeng's private equity firm has heavily invested in ChangXin Technology.
According to a report by Tencent News Deep Web, the issuance announcement of ChangXin Technology's initial public offering shows that national-level long-term capital such as the Social Security Fund and the Basic Endowment Insurance Fund, as well as leaders upstream and downstream of the industry chain and large insurance capital, participated in the strategic placement. Shenzhen SanKuai Network Technology Co., Ltd., NIO Power Technology (Hefei) Co., Ltd., ZTE Corporation, Chery Intelligent Automotive Technology (Hefei) Co., Ltd., etc. were allocated an amount of 157,999,993.98 yuan, with a lock-up period of 18 months; Hangzhou Alibaba Cloud Feitian Information Technology Co., Ltd. was allocated an amount of 157,999,993.98 yuan, with a lock-up period of 36 months. High-Flyer Quant participated in this offline IPO subscription with a proposed subscription price of 8.78 yuan/share; the upper limit of the proposed subscription quantity for each offline transaction was 230 million shares, and most of High-Flyer's products were bid in the range of 70 million to 140 million shares. High-Flyer Quant mainly consists of two parts: Zhejiang Jiuzhang and Ningbo High-Flyer Quant. Both are filed with the Asset Management Association of China, and the actual controllers are both Liang Wenfeng; among them, Liang Wenfeng holds 85% of the shares of Jiuzhang Assets and 85.15% of the shares of Ningbo High-Flyer Quant.
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Hyperliquid’s pre-market valuation of CXMT reaches $540 billion, surpassing Tencent
According to Odaily, Trade.XYZ today launched the pre-market contract for ChangXin Memory Technologies (CXMT) on the Hyperliquid HIP-3 market. The price peaked at $8.64 and has now retreated to around $8. According to statistics, CXMT's total share capital post-issuance is approximately 66.888 billion shares. Based on the current pre-market price, CXMT's market value is approximately $540 billion, surpassing Tencent ($526.5 billion) to rank 32nd globally in market capitalization.It is reported that CXMT will initiate its new share subscription on the STAR Market (科创板) on July 16.
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After the latest round of financing for DeepSeek, Liang Wenfeng's net worth surpasses that of Anthropic's Dario Amodei and OpenAI's Greg Brockman
According to foreign media reports, after completing its latest round of financing, the personal wealth of DeepSeek founder Liang Wenfeng has more than doubled, making him the wealthiest individual among global AI large model founders. According to the Bloomberg Billionaires Index, Liang Wenfeng's net worth currently stands at $36 billion (previously around $16.7 billion), surpassing both Anthropic co-founder Dario Amodei and OpenAI co-founder Greg Brockman. This comparison only includes companies whose primary business and majority of revenue are directly derived from AI large models, excluding diversified large technology groups such as Alibaba and Tencent, as well as AI industry chain-related enterprises like data centers and semiconductor companies. The vast majority of Liang Wenfeng's wealth comes from his controlling stake in DeepSeek.This June, DeepSeek reportedly completed a 50 billion yuan financing round, valuing the company at over 330 billion yuan, with Liang Wenfeng personally contributing 20 billion yuan. According to calculations by the Bloomberg Billionaires Index, his stake has been diluted to approximately 78%. (Jin Shi)
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Tencent in Talks to Acquire Manus: Sources Say It Will Retain Minority Shareholder Status
According to Southern Metropolitan Daily, Tencent is negotiating to become the largest shareholder of general AI Agent company Manus. A consortium of Chinese capital led by Tencent plans to repurchase all equity of Manus from Meta at a valuation of approximately 2 billion USD. However, sources familiar with the matter revealed that upon completion of the transaction, Tencent will still maintain a minority shareholder status and will not hold a controlling stake. Manus is an AI Agent product launched by Butterfly Effect Company. It went viral overnight in China in March 2025, and its annualized revenue has exceeded 100 million USD. Previously, Meta announced the acquisition of Manus, but due to the intervention of the Ministry of Commerce and the foreign investment security review mechanism, the acquisition was legally prohibited and required to be revoked in April 2026. This repurchase by Chinese capital marks the subsequent progress following the halt of the acquisition.
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Manus is reportedly pursuing an equity transaction at a $2 billion valuation, with Tencent potentially becoming the largest shareholder
According to sources familiar with the matter, Tencent is in talks to become the largest shareholder of AI agent company Manus. Most existing investors, including Tencent, ZhenFund, and Sequoia Capital China, are discussing supporting a deal at a $2 billion valuation to block Meta's acquisition.
Tencent Cloud Releases Agent Bucket, Launches Native Storage Solution for Massive-Scale Agents
According to official announcements, Tencent Cloud has officially launched Agent Bucket, providing independent cloud space for a massive number of Agents to uniformly store user-uploaded materials and files such as reports, images, and code generated by Agents. The product introduces independent Space units under the Bucket to achieve fine-grained isolation and management at the single Agent or user level for access credentials, capacity quotas, read/write rate limiting, and more.
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Analysis: Overseas developers are turning to Chinese AI models like DeepSeek to cut costs
According to Odaily, as the cost of using AI continues to rise, a growing number of overseas startups and developers are adopting Chinese AI models such as DeepSeek, Alibaba, and Moonshot AI to reduce inference costs. Data shows that DeepSeek's share of AI traffic on the cloud platform Vercel has increased from less than 1% in May this year to 17%. AI model aggregation platform OpenRouter stated that DeepSeek's usage doubled in the first half of 2026, making it the most popular model on the platform. It also noted that the token usage share of open-source models from Chinese companies including Xiaomi, MiniMax, and Tencent continues to rise, while the shares of Google and OpenAI have declined. (Bloomberg)
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阿里巴巴
B.AI and Tencent Cloud Enter Strategic Partnership to Co-Build Financial Infrastructure for the AI Agent Era
B.AI announces a strategic partnership with Tencent Cloud, and both parties will jointly build enterprise-grade financial infrastructure for the era of AI agents. With the rapid development of AI agent technology, higher demands are placed on the stability, security, and scalability of underlying financial systems. This collaboration fully integrates B.AI's pioneering experience in the field of on-chain finance with Tencent Cloud's globally leading cloud computing capabilities, aiming to build a solid technical foundation for the on-chain ecosystem. In the future, both parties will continue to enhance the stability and performance of on-chain financial infrastructure, providing sustained momentum for digital economic growth.
Bitget Stock Contracts Add 7 Hong Kong Stock Targets Including Tencent, Meituan, and Xiaomi
According to official announcements, Bitget has launched contracts for seven Hong Kong stocks: TENCENT (Tencent), MEITUAN (Meituan), NETEASE (NetEase), XIAOMI (Xiaomi), POPMART (Pop Mart), SMIC (Semiconductor Manufacturing International Corporation), and GIGADEVICE (GigaDevice). The above contracts are settled in USDT, support up to 20x leverage, and are available for 7*24 hour trading.
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ChangXin Memory signs long-term supply agreement with Tencent, contract value exceeds 20 billion yuan
According to Reuters, three informed sources revealed that Chinese memory chip manufacturer Changxin Memory (CXMT) has signed a long-term supply agreement with Tencent Holdings (0700.HK) prior to its highly anticipated IPO, valued at over 20 billion yuan (approximately 2.94 billion U.S. dollars). The sources said the agreement covers server DRAM (Dynamic Random Access Memory) chip supply for the coming years, with two of the sources stating the contract term is up to 3 years, while another indicated it could reach up to 5 years. As the details are confidential, all three sources requested anonymity. The report stated that DRAM is a key component of servers supporting cloud computing, databases, and AI workloads, and amid ongoing global shortages and soaring memory chip costs, long-term supply contracts have become a priority for enterprises. It remains unclear whether the agreement includes further details such as Changxin Memory's High Bandwidth Memory (HBM). Neither Changxin Memory nor Tencent immediately responded to requests for comment.
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Memory