# Counterpoint
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Prototype on Display, Not for Sale: Nubia’s ByteDance-Backed AI Phone Makes Overseas Debut at MWC — but Only as a Technology Statement
At MWC 2026 ZTE and ByteDance showcased a preview of the Nubia M153 Doubao AI phone, highlighting system-level voice and multimodal automation. The device is a China-only engineering sample already sold out, displayed abroad for technical exchange rather than immediate international sales. The demo arrives as global smartphone shipments slow and memory prices surge, prompting OEMs to seek higher‑value use cases to reignite demand.
A‑Shares End the Lunar Year Lower as Traders Rotate into AI Hardware; Memory and PCB Stocks Lead Sector Divergence
China’s A‑share indices closed lower on the final trading day of the Year of the Snake, with turnover subdued ahead of the Lunar New Year. Investors rotated into robotics, PCB materials and memory‑adjacent stocks after bullish commentary on embodied AI and signs of a sharp rally in DRAM prices, while CPO‑related names plunged.