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<Research>G Sachs Expects More AI Achievements to Be Announced in Coming Quarters, Applied to XIAOMI-W Ecosystem
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On 1 December, ByteDance launched a technical preview version of Doubao smartphone assistant, specifically designed for smartphone brands that integrates the Doubao large language model (LLM) into mobile operating system, enabling visual screen content interpretation and multi-step tasks including cross-app operations, Goldman Sachs released a research report saying.

The preview version has been embedded as an engineering prototype in the new Nubia M153 smartphone model. Previously, the Doubao mobile keyboard was launched on iOS and Android platforms in late November, indicating ByteDance's strategic expansion into mobile network infrastructure and smartphone ecosystems.

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The broker expected more AI achievements to be announced in the coming quarters, and applied to XIAOMI-W (01810.HK)'s ecosystem and its globally largest AIoT connected devices, driving differentiated development and supporting XIAOMI-W's 'Human x Car x Home' ecosystem upgrade strategy.

Therefore, Goldman Sachs rated XIAOMI-W at Buy, with a target price of $53.5.
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