Changes in Hong Kong stocks | ZTE (00763) falls more than 8%, says it may pay more than $1 billion to the US to end overseas bribery charges

The Zhitong Finance App learned that ZTE (00763) fell by more than 8%. As of press release, it was down 7.71% to HK$29.2, with a turnover of HK$1,084 billion.

According to the news, according to the media quoted by Sina Hong Kong Stock Exchange, ZTE may pay more than 1 billion US dollars, or even as much as 2 billion US dollars or more, to the US government to put an end to years of accusations about the company's overseas bribery. It is worth noting that as of press release, this news has not been officially confirmed. Furthermore, the Doubao AI phone, a collaboration between ZTE and ByteDance, was hyped up to 36,000 yuan in the second-hand market, but it was “besieged” by various mainstream apps such as WeChat and Alipay.

According to a report by the Securities Times, as Doubao AI phones were restricted from being used by various mainstream apps, the premium dropped significantly. Some experts said that the “system-level AI Agent” capabilities represented by Doubao Mobile Assistant are touching on the core interests of super apps such as WeChat and Taobao in advertising exposure and content distribution.