In response to online rumors that ByteDance's AI is helping Doubao's foundation model cooperate with ZTE (00763.HK) +0.400 (+1.852%) Short selling $12.76M; Ratio 4.945% smartphones, the person in charge of Doubao responded that the news was untrue, STAR Market Daily reported.Doubao's foundation model has already had in-depth cooperation with many smartphones, but has not discussed with ZTE the possibility of establishing a new brand, and there is no related cooperation on chips.ZTE's share price today (17th) peaked at $21.6, once soaring 11.3%. With slower upsurge, it spiked only 3.4% to last at $20, with turnover of $1.325 billion.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-24 12:25.)