A CSOP HSCEICC

Institutions upgrade rating to 'Buy', market focuses on Monday opening performance

BYD enters final stage of Mexico plant site selection, may acquire existing facility.

Tencent's Yuanbao AI assistant set for major upgrade, integrating Hunyuan T1 and DeepSeek V3 models.

GSA Capital Partners Discloses New Position in Alibaba Group Holdings

Tencent Cloud Adopts Western Digital's HelioSeal HDDs at Innovation Day 2026

China's 'Two Sessions' to convene, focusing on digital economy and AI policy signals.

BYD estimated to trade ex-dividend around March 13.

Meituan Releases 2026 Spring Festival Data: Leisure Orders in Lower-Tier Cities Surge Nearly 30%

BYD launches new 2026 model year SEAL and Song Ultra EV updates.

Chinese AI Giants Launch New Wave of Low-Cost Models, Intensifying Global Tech Race

Estimated Start of Xiaomi SU7 Ultra Deliveries

Redmi Note 17 officially launched with 108MP camera.

Resumption of Southbound Trading and Potential Release of Lunar New Year Consumption Data

Tencent Releases First Poster for Period Drama 'The Road to Glory'

Auto China 2026 opens on April 24, with BYD expected to launch new models.

Young People Define New 'New Year Flavor': Meituan Data Shows Surge in 'New Year's Eve Dinner Delivered to Home' Searches

Xiaomi Continues Share Repurchase Program with HK$152 Million Buyback

BYD flagship Seal 08 and Sealion 08 set to debut in Q1 2026

First model 'e7' from BYD's new brand 'Linghui' expected to launch in March.

Trump raises global tariffs to 15% following Supreme Court ruling, sparking market volatility.

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

Ordinary dividend (cash)

Ex Date: 2026.02.27, Cash dividend 0.14 

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Moore Threads recently announced that it has completed the adaptation of Alibaba's latest large model Qwen3.5 on its flagship AI training and inference all-in-one GPU MTT S5000. Developers can deploy and optimize the model using the MUSA C programming language and the Triton-MUSA toolchain. In addition, Moore Threads achieved Day-0 adaptation for the next-generation large model MiniMax M2.5 on February 14th

Wallstreetcn

BABA-W

Moore Threads

Moore Threads has successively completed the adaptation of models such as Qwen3.5

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BABA

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PNC Financial Services Group Inc. increased its stake in Alibaba Group Holding Limited by 7.1% in Q3, acquiring an additional 3,223 shares, bringing its total to 48,759 shares valued at $8.7 million. Other investors also adjusted their positions in Alibaba. The stock opened at $155.91, with a one-year range of $95.73 to $192.67. Analysts have mixed views, with a consensus rating of "Moderate Buy" and a price target of $195.17. Recent developments include positive sentiment around Alibaba's AI initiatives and cloud revenue growth, despite some analyst downgrades.

- PNC Financial Services Group Inc. increased its holdings in Alibaba Group by 7.1%, owning 48,759 shares worth $8.7 million after purchasing additional shares in Q3.  
- Other investors also adjusted their positions, with notable increases from NBT Bank and Elkhorn Partners, contributing to 13.47% of stock owned by institutions.  
- Analysts hold a consensus "Moderate Buy" rating for Alibaba, yet mixed sentiments persist due to factors such as a recent downgrade and ongoing investigations affecting investor confidence.

Market Beat

Krne Csi China Internet

ProShares Online Retail

BABA 2x Long Daily ETF - GraniteShares

Global X E-commerce ETF

Global X Cloud Computing ETF

KraneShares 2x Long BABA Daily ETF

PNC Financial Services

Alibaba

Amplify Online Retail ETF

PNC Financial Services Group Inc. Acquires 3,223 Shares of Alibaba Group Holding Limited $BABA

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BIDU

After the Spring Festival holiday, the Hong Kong stock market reopened, with the Hang Seng Index opening down 48 points at 26,657 points. Technology stocks Alibaba and Baidu both opened down 3%. COSCO SHIPPING Energy opened up 6.1%, and CNOOC opened up 2.2%. Other commodity stocks such as CHINAGOLDINTL and Minmetals Resources also saw increases. The market is focused on the U.S. military decisions regarding Iran and the Supreme Court's ruling on the tariff case. The Dow Jones Industrial Average fell 267 points, or 0.5%

AASTOCKS

CHINAGOLDINTL

COSCO SHIPPING Energy

BIDU-SW

Hang Seng Index

COSCO SHIP ENGY

Baidu

"Hong Kong Stocks" The Hang Seng Index opened 48 points lower, Alibaba and Baidu declined, COSCO SHIPPING Energy surged over 6%

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The NASDAQ Golden Dragon China Index preliminarily closed down 0.4%. Among popular Chinese concept stocks, Jinko Solar fell 2.4%, Trip.com fell 2.2%, YUM China, Qifu Technology, and WeRide fell over 1%, Alibaba fell 0.9%, and Baidu fell 0.7%. Meanwhile, GDS, KINGSOFT CLOUD, and Daqo Energy rose at least 0.6%, and HWORLD rose 1.6%

Daqo Energy

HWORLD-S

Direxion FTSE China Bull 3X

NASDAQ Golden Dragon China Index

Roundhill China Dragons ETF

KINGSOFT CLOUD

YUM China

Trip.com

GDS-SW

Jinko Solar

Invesco Golden Dragon China

Moore Threads announced that it has completed comprehensive adaptation of Alibaba's latest large model Qwen3.5 on its flagship AI training and inference all-in-one GPU MTT S5000. This support fully demonstrates the maturity and completeness of the Moore Threads MUSA ecosystem, allowing developers to efficiently complete model deployment and optimization using the MUSA C programming language and Triton-MUSA toolchain

- Today, Moore Threads announced full support for Alibaba's latest model Qwen3.5 on its flagship AI GPU, the MTT S5000.  
- This integration showcases the maturity of the MUSA ecosystem, allowing developers to efficiently deploy and optimize models using MUSA C and the Triton-MUSA toolchain.  
- Moore Threads has consistently adapted to leading domestic models, demonstrating the comprehensive support and optimization capabilities of its domestic GPU platform for advanced models.

Moore Threads quickly completes full adaptation to the Qwen 3.5 model

Qianwen APP announced on February 18 that among users utilizing the "one-sentence ordering" feature, those born after 2000 accounted for as much as 40%, becoming the most active group, particularly prominent among users from Guangdong, Shandong, and Henan. In core consumption scenarios such as food delivery, hotel and travel bookings, and movie ticket purchases, users born after 2000 ranked first

Qianwen's "One-Click Ordering" 40% are post-00s

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The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%

YUM CHINA

Global X China Consumer

BYD COMPANY

MEITUAN

NEW ORIENTAL-S

GraniteShares 2x Long PDD Daily ETF

Tencent

Tencent Holdings Limited

iShares MSCI China

KraneShares 2x Long PDD Daily ETF

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Alibaba has upgraded its AI model to Qwen3.5, enhancing its capabilities in text, image, and video processing. This move comes amid intensifying competition in China's AI sector, with rivals like Baidu and Tencent also launching upgrades. Alibaba is investing heavily in AI and cloud systems, expanding its Qwen app to include services like food delivery and travel bookings. Analysts are optimistic about Alibaba's stock, with a Strong Buy consensus and a price target suggesting a potential upside of over 30%.

- Alibaba has upgraded its AI model to Qwen3.5, enhancing capabilities for text, image, and video processing, aiming to strengthen its position in China's AI market.  
- This release coincides with intensified competition from rivals like Baidu and Tencent as they prepare for a surge in product launches during the Lunar New Year.  
- Analysts support Alibaba's prospects, reflected in a Strong Buy consensus rating for its stock, projecting significant upside potential.

Tip Ranks

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

Tianhong CSI Computer Theme ETF

Yinhua MSCI China A ETF

iShares China Large Cap

Guotai CSI Computer Theme ETF

YieldMax BABA Option Income Strategy ETF

Alibaba (BABA) Upgrades Qwen AI Model as China's Tech Giants Battle for Users

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The total short selling amount in the Hong Kong stock market reached HKD 39.44 billion, accounting for 29% of the trading volume of shortable stocks. The previous day was 28.2%. The five stocks with the highest short selling amounts are: CSOP HS TECH short selling ratio 64.4%, amount HKD 4.83 billion; TRACKER FUND short selling ratio 52.1%, amount HKD 4.62 billion; HSCEI ETF short selling ratio 44.5%, amount HKD 3.37 billion; Alibaba-W short selling ratio 21%, amount HKD 2.2 billion; XIAOMI-W short selling ratio 47.8%, amount HKD 1.59 billion

TRACKER FUND

XIAOMI-W

ALI HEALTH

HSCEI ETF

CSOP HS TECH

The total short selling in Hong Kong stocks for the day was HKD 39.44 billion, accounting for 29% of the turnover of shortable shares

Alibaba has launched its new AI model, Qwen 3.5, which is designed for independent task execution and boasts significant performance improvements. The model is 60% cheaper and eight times more efficient than its predecessor. This release aims to enhance Alibaba's Qwen chatbot app's competitiveness against rivals like ByteDance's Doubao. The company claims Qwen 3.5 sets a new benchmark for AI capabilities while ByteDance recently upgraded its chatbot as well. The competition in China's AI landscape is intensifying, with DeepSeek also expected to unveil its new model soon.

- Alibaba launched its new artificial intelligence model Qwen 3.5, claiming significant performance improvements and reduced costs compared to previous versions and U.S. competitors.  
- This launch aims to increase user engagement in its Qwen chatbot amid stiff competition from ByteDance and DeepSeek, which recently upgraded their own AI offerings.  
- Qwen 3.5 is touted as being 60% cheaper and eight times better at processing workloads than its predecessor, potentially enhancing Alibaba's position in the competitive AI landscape.

Reuters

Alibaba unveils new Qwen3.5 model for 'agentic AI era'

EATZ

The 13F report shows that Third Point established positions in CMG, CEG, Alibaba, etc. in the fourth quarter. Increased holdings in UNP, DHR, RKT, etc. Cleared positions in Meta, FLUT, etc. Reduced holdings in TSMC, Microsoft, Amazon, etc

Chipotle Mexican Grill

AdvisorShares Restaurant ETF

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MPNGY

Hong Kong stocks opened lower today, with the Hang Seng Index down 65 points to 26,501 points, and the National Index and Hang Seng Tech Index also opening lower. CATL and CMOC opened higher, while Alibaba and Baidu opened lower due to being listed on the U.S. military enterprise list. Meituan issued a profit warning, expecting a loss of 23.3 billion RMB last year, leading to a lower opening for its stock price. Overall market performance is relatively weak, with technology stocks generally declining

CATL

CMOC

Meituan

"Hong Kong Stocks" The Hang Seng Index opened 65 points lower, CATL and CMOC opened higher, while Alibaba and Baidu were relatively weak

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The short selling amount in the Hong Kong stock market reached HKD 20.04 billion in half a day, accounting for 28.7% of the total shortable stock turnover of HKD 69.83 billion. The top five stocks by short selling amount include CSOP HS TECH with a short selling ratio of 65.6% and a short selling amount of HKD 3.09 billion; TRACKER FUND with a short selling ratio of 48.6% and a short selling amount of HKD 2.41 billion; HSCEI ETF with a short selling ratio of 38.6% and a short selling amount of HKD 1.49 billion; Alibaba-W with a short selling ratio of 22.6% and a short selling amount of HKD 1.22 billion; and XIAOMI-W with a short selling ratio of 52.9% and a short selling amount of HKD 780 million

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

China Southern Hang Seng ETF

The short selling in Hong Kong stocks for half a day reached HKD 20.04 billion, accounting for 28.7% of the total turnover of shortable shares

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China Construction Bank and China Taiping Insurance Group held a working meeting, and the chairmen of both sides reached a consensus on deepening business cooperation. Zhang Jinliang stated that they will expand cooperation in areas such as insurance agency, asset custody, and corporate annuities, and innovate cooperation mechanisms. Yin Zhaojun hopes to increase cooperation in strategic investment, wealth management, and other areas based on traditional business, promoting high-quality development of bank-insurance integration

A CSOP HSCEICC(02802.HK)

Moore Threads has successively completed the adaptation of models such as Qwen3.5

PNC Financial Services Group Inc. Acquires 3,223 Shares of Alibaba Group Holding Limited $BABA

"Hong Kong Stocks" The Hang Seng Index opened 48 points lower, Alibaba and Baidu declined, COSCO SHIPPING Energy surged over 6%

Moore Threads quickly completes full adaptation to the Qwen 3.5 model