Dacheng Hang Seng Technology ETF(QDII)

SMIC obtains and applies for multiple semiconductor technology-related patents

The 22nd China International Semiconductor Expo (IC China) will open on November 23

Tencent Granted Patent for Semantic Tag Acquisition Method to Improve Content Recommendation Accuracy

Meituan Announces a Further Investment of 10 Billion Yuan Over the Next Five Years to Enhance Rider Support

US reportedly considers allowing Nvidia to sell H200 chips to China, potentially affecting tech firms like Tencent

Alibaba International Station partners with three 'hidden champion' manufacturers for overseas expansion

Tencent obtains a patent for an AI-based test case generation method

Foreign media reports that the US government is considering allowing Nvidia to sell H200 chips to China

East China Securities and United Overseas Holdings Maintain BUY Rating on Kuaishou Technology

Kuaishou launches AI Comic Drama Venture Capital Plan 2.0 to support creators and promote commercialization

Nasdaq Golden Dragon China Index closed up 1.23% on Friday, with popular Chinese stocks generally rising

BYD Indefinitely Postpones Mexico Factory Plan

BYD reveals Shark 6 ute cab-chassis version in Australia, signaling imminent launch.

Hang Seng Index Review: BYD's Weighting in TECH Index Raised to 8% Cap

SMIC Leads Declines at Market Open as Asia-Pacific Stocks Fall on Liquidity Concerns

Hong Kong tech stocks sold off amid AI bubble fears, Alibaba's share price plummets

Central China Securities Electronics releases 2026 investment strategy, optimistic about the continued upward trend of the semiconductor cycle

Xiaomi Executive Reveals 2025 AI R&D Investment Exceeds 7 Billion RMB

Ubisoft confirms Tencent has completed its €1.16 billion investment in Vantachy Studio

US Stocks Close: Three Major Indexes Rebound Collectively, Boosted by Fed's 'Dovish' Remarks

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XIAOMI-W(01810) rose 1.01%, with a trading turnover 15.8 Billion HKD, and a year-to-date rose 10.4%. CHINA TELECOM(00728) rose 0.69%, with a trading turnover 515.5 Million HKD, and a year-to-date rose 28%. GANFENGLITHIUM(01772) fell 12.47%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 155.3%. JD HEALTH(06618) fell 8.6%, with a trading turnover 840.0 Million HKD, and a year-to-date rose 121.2%.

- The Hang Seng Index fell by 2.38%, with a year-to-date increase of 25.7%, while the Hang Seng Tech Index decreased by 3.21%, up 20.8% for the year.  
- Xiaomi Group (01810) rose by 1.01% with a trading volume of 15.81 billion HKD, showing a year-to-date gain of 10.4%.  
- Ganfeng Lithium (01772) dropped by 12.47% despite a year-to-date increase of 155.3%, and JD Health (06618) fell by 8.6%, with a year-to-date rise of 121.2%.  

LB Select

XIAOMI-W

CHINA TELECOM

CHINA TOWER

CKI HOLDINGS

GANFENGLITHIUM

JD HEALTH

SMIC

HUA HONG SEMI

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Top 5 HK Stock Gainers/Losers (>100B) (11.21)

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Luo Fuli joined Xiaomi for less than 10 days and published her first paper as a core author. The MiMo team proposed and open-sourced the world's first cross-embodied base model MiMo-Embodied, integrating autonomous driving and embodied intelligence. This model performed excellently in 29 benchmark tests, breaking the domain gap between indoor operations and outdoor driving, achieving state-of-the-art performance across fields

- The MiMo team at Xiaomi has developed MiMo-Embodied, the first open-source model integrating embodied intelligence and autonomous driving.  
- This model addresses knowledge transfer challenges between the two fields, achieving state-of-the-art performance across 29 benchmarks in tasks like environment perception and planning.  
- The research highlights a systematic approach combining multimodal data and a four-stage training strategy, showcasing MiMo-Embodied's robust capabilities in both robotic and driving applications.

Wallstreetcn

Xiaomi Corporation

Luo Fuli's first Xiaomi achievement! Open-source embodied large model

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Orient Securities maintains a Buy rating on Kuaishou Technology Class B with a price target of HK$102.81. Shares closed at HK$64.00, suggesting a potential upside. Analyst consensus is a Strong Buy with an average target of HK$89.04, indicating a 39.13% upside. DBS also maintains a Buy rating with a HK$99.00 target.

- Orient Securities has maintained a Buy rating on Kuaishou Technology Class B, setting a price target of HK$102.81.  
- The current analyst consensus is a Strong Buy, with an average price target of HK$89.04, indicating a potential upside of 39.13%.  
- Additionally, DBS has also issued a Buy rating with a price target of HK$99.00.  

Tip Ranks

KUAISHOU-W

Orient Securities Remains a Buy on Kuaishou Technology Class B (1024)

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CICC analyst reaffirmed a Buy rating on Netease Inc with a price target of HK$275.00. The shares closed at HK$204.60. Netease has a consensus Strong Buy rating with a price target of HK$259.31, indicating a 26.74% upside. Bernstein also maintained a Buy rating with a HK$240.00 price target.

- CICC analyst maintained a Buy rating on Netease Inc, setting a price target of HK$275.00, while shares closed at HK$204.60.  
- The analyst consensus for Netease Inc is Strong Buy, with a price target consensus of HK$259.31, indicating a potential upside of 26.74%.  
- Bernstein also reaffirmed a Buy rating with a price target of HK$240.00 in a report released yesterday.  

NTES-S

NetEase

CICC Reaffirms Their Buy Rating on Netease Inc (9999)

Nomura analyst Jialong Shi maintains a Buy rating for Kuaishou Technology Class B with a price target of HK$77.00, while the stock closed at HK$63.50. Shi, a 4-star analyst, has a 10.3% average return. The consensus rating is Strong Buy with a HK$89.32 average price target. DBS also maintains a Buy rating with a HK$99.00 target.

- Jialong Shi from Nomura has maintained a Buy rating on Kuaishou Technology Class B, setting a price target of HK$77.00, while the shares closed at HK$63.50.  
- TipRanks indicates a Strong Buy analyst consensus for Kuaishou Technology Class B, with an average price target of HK$89.32, suggesting a potential upside of 40.66%.  
- Additionally, DBS also issued a Buy rating with a higher price target of HK$99.00 on November 20.

Nomura Sticks to Its Buy Rating for Kuaishou Technology Class B (1024)

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MarketBeat's stock screener tool highlights seven infrastructure stocks to watch: Coinbase Global, Alibaba Group, Vertiv, International Business Machines, Marvell Technology, Astera Labs, and Datadog. These companies, involved in essential physical systems and services, had the highest dollar trading volume recently. Infrastructure stocks are seen as stable, income-generating investments with long-term cash flows, though sensitive to economic factors. Detailed research reports are available for each company.

- Seven infrastructure stocks, including Coinbase Global and Alibaba Group, are highlighted as top picks based on recent trading volume.  
- Infrastructure stocks are considered stable investments, providing essential services that support the economy, though they are sensitive to economic fluctuations.  
- The article emphasizes the importance of evaluating investment risks, particularly in the context of leveraged ETFs and the current market landscape.

Market Beat

Astera Labs

Marvell Tech

Vertiv

Alibaba

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Infrastructure Stocks To Consider - November 21st

The week ahead features key economic data releases across the U.S., Mexico, Canada, and Latin America. Highlights include the U.S. manufacturing index, retail sales, PPI, consumer confidence, and durable goods orders. Mexico's inflation data, Canada's GDP and current account balance, and Brazil's economic indicators are also expected. Corporate earnings reports from Dell, Deere, Kohl's, Best Buy, and Alibaba are anticipated, with focus on AI, consumer spending, and tariff impacts.

- The upcoming week features significant economic data releases from the U.S., Mexico, Canada, and Latin America, including inflation and manufacturing indices.  
- Key U.S. reports include retail sales, Producer Price Index, and consumer confidence, while major companies like Dell and Deere are set to announce quarterly results.  
- In Canada, GDP growth is anticipated, and Brazil and Argentina will release various economic indicators, including current account balances and inflation data.

Reuters

Best Buy

What to Watch in the Week Ahead and on Monday, November 24

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Tencent has acquired a minority stake in Ubisoft's Vantage Studios, with customary minority protection rights. The agreement includes a five-year lock-up on Tencent’s securities unless Ubisoft loses majority control. Ubisoft retains majority control for at least two years. The deal includes share transfer provisions and aims to enhance collaboration between the companies, supporting Ubisoft’s franchise growth.

- Ubisoft Entertainment SA has entered into a minority equity investment agreement with Tencent, acquiring a minority stake in Ubisoft's subsidiary, Vantage Studios.  
- The agreement includes a five-year lock-up on Tencent’s securities and ensures Ubisoft retains majority control of Vantage Studios for at least two years.  
- This transaction aims to enhance collaboration between Ubisoft and Tencent, supporting the growth of Ubisoft’s key franchises.  