Market Performance: The Hang Seng Index (HSI) fell by 292 points (1.1%) to close at 26,413, while the Hang Seng Tech Index (HSTI) dropped 156 points (2.9%) to 5,211, with a total market turnover of $165.37 billion.

Declining Heavyweights: Major stocks like Alibaba, Xiaomi, Tencent, and Meituan experienced significant declines, with Alibaba down 4.9% and Xiaomi down 3.5%, reflecting a broader trend of short selling in the market.

Notable Movers: JD Health and Baidu saw substantial drops of 6.3%, while Beigene and PetroChina gained 4.2% and 3.7%, respectively, indicating mixed performance among HSI and HSCEI constituents.

High Performers in Smaller Stocks: Stocks like DOBOT and GUOFUHEE surged by over 17%, showcasing strong gains in smaller companies despite the overall market downturn.

Market Performance: The HSI fell by 161 points (0.6%) to 26,544, while the HSTI and HSCEI also experienced declines of 2.3% and 0.6%, respectively.

Active Heavyweights: Major stocks like BABA, XIAOMI, and TENCENT saw significant drops, with BABA down 3.7% and XIAOMI down 2.3%, amidst high short selling ratios.

Notable Movers: Beigene and PetroChina were among the gainers, with Beigene rising 4.8% and PetroChina up 4.6%, both hitting new highs.

Short Selling Trends: Several stocks, including JD Health and NTES, faced heavy short selling, indicating bearish sentiment among investors.

Investment in Robotics: SHOUCHENG has invested over RMB2 billion in the robotics sector, completing more than 40 transactions with around 20 companies, averaging two follow-up investments per company.

Upcoming IPOs: The group anticipates that approximately four of its invested companies, including Unitree Robotics, will launch initial public offerings (IPOs) this year.

Investment Announcement: SHOUCHENG's subsidiary has invested in Booster Robotics, a company specializing in humanoid robots, following a previous investment in July 2025.

Goals of Investment: The funding aims to enhance product research, development, and manufacturing capabilities, as well as to support the industrialization and commercialization of robotics technology.

Financing Overview: DEEP Robotics has completed a Series C financing round led by CMBI and China Asset Management, raising over RMB500 million with strategic investments from CHINA TELECOM and CHINA UNICOM.

Investment Details: Co-investors include V Fund, China Fortune-Tech Capital, and SHOUCHENG, while existing shareholders like Qianhai Ark and Meridian Capital have also increased their stakes.

Use of Proceeds: The funds will be allocated towards technology research and development, production, and market expansion, particularly focusing on quadruped and humanoid robots.

Market Context: The article notes short selling activity in related stocks, indicating market interest and potential volatility in the telecommunications sector.