AI Tool Launch: Anthropic introduced a new tool for corporate in-house counsel that automates legal tasks like contract review and NDA classification, impacting the SaaS and software sectors.

Stock Market Performance: Several Hong Kong stocks experienced significant declines, with KINGDEE INT'L dropping 14.5% and MEITU falling nearly 10%.

Short Selling Activity: High short selling ratios were noted across various companies, including MEITU and CHINASOFT INT'L, indicating bearish market sentiment.

AI IPOs Decline: Newly listed AI companies like MINIMAX-WP and KNOWLEDGE ATLAS also saw their stock prices decrease, reflecting a broader trend in the market.

Stock Performance: SENSETIME-W (00020.HK) experienced a decline of 1.992%, with short selling amounting to $124.32M and a ratio of 9.644%.

Model Launch: The company announced the open-sourcing of its multimodal autonomous reasoning model, SenseNova-MARS, in both 8B and 32B versions.

Model Capabilities: SenseNova-MARS is the first open-source Agentic VLM that supports dynamic video reasoning and image-text retrieval, capable of autonomous planning and handling complex tasks.

Benchmark Performance: In core benchmarks for multimodal search and reasoning, SenseNova-MARS achieved an average score of 69.74, outperforming competitors Gemini-3-Pro and GPT-5.2.

Market Performance: The HSI rose by 598 points (2.2%) to 27,725, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD196.327 billion.

Financial Stocks Surge: Major financial stocks like HSBC, BOC Hong Kong, and Standard Chartered saw increases of 2.1% to 2.9%, contributing to a positive trend in the financial sector.

Property and Resource Stocks Rally: Hong Kong developers and Chinese developers experienced substantial gains, with some stocks like China Jinmao and Greentown China rising by over 6%, while resource stocks also saw significant increases.

Tech and AI Stocks Growth: Tech stocks such as Tencent and JD-SW gained between 1.5% and 2.4%, while AI-related stocks like SenseTime and Unisound saw notable increases, with Unisound jumping by 38.2%.

Market Performance: The Hong Kong stock market saw a rebound with the HSI rising 0.4% to 26,585, driven by the US-Europe dispute over Greenland and a total market turnover of HKD250.451 billion.

AI and Tech Stocks Surge: The launch of the new DeepSeek model, MODEL1, boosted AI and chip-related stocks, with notable gains from companies like SENSETIME-W and INSILICO, while some stocks like UNISOUND experienced declines.

Chinese Exports Growth: China's exports in December increased by 6.6% year-on-year, surpassing the previous value of 5.9% and exceeding forecasts of 3%.

Mixed Performance Among Major Tech Firms: BIDU-SW launched a new AI feature and saw a 3.3% stock increase, while other tech giants like TENCENT and JD-SW had modest gains, and NTES-S faced a significant decline of 3.7%.

Company Outlook: Goldman Sachs is optimistic about SENSETIME-W's expansion into multi-modal foundational models, which could improve cost-to-performance ratios and increase application opportunities.

AI Development: SenseTime's self-developed AI foundational model, SenseNova, and its AI infrastructure are key to its growth as a leading generative AI software company.

Revenue Growth: The broker anticipates that SenseTime's generative AI revenue will thrive due to its extensive product offerings and tailored solutions for specific industries.

Investment Rating: Goldman Sachs maintains a Buy rating for SENSETIME-W, setting a target price of HKD3.53.