JPTENCT@EP2602A

Tencent adds voice input feature to PC WeChat

DBS Bank Launches New Cross-border Payment Service with Tencent's TenPay Global

ChinaAMC Guozheng Hang Seng Hong Kong-listed Technology ETF sees increase in fund shares, with Tencent as the top holding

China's Cyberspace Regulator Cracks Down on Unlabeled AI-Generated Content

Tencent's Game 'Light and Night' Announces Spring Festival Event Scheduled for February 16

Multiple AI applications dominate the Apple App Store rankings

New feature in Tencent PC Manager draws attention

JPMorgan believes Tencent will benefit most from the new version iteration of DeepSeek

Tencent Becomes Most Actively Traded Stock in Southbound Stock Connect

Tencent Holdings included in the CSI HK Stock Connect Robotics Themed Index

Tencent Mobility Services integrates Uber, allowing overseas ride-hailing without downloading the app

Tencent Holdings' stock price hits a nearly six-month low, with southbound funds continuing net purchases

Tencent responds to Chinese New Year payment peak, states it has strengthened cybersecurity and settlement capabilities

Tencent Holdings' stock price falls over 2% in early Hong Kong trading, hitting a nearly six-month low

Beijing regulator summons Tencent and other tech firms over irregularities in train ticket sales for Lunar New Year travel

WeChat Pay Launches Heart-Picked Stores Program to Help Hong Kong Catering Businesses

SMIC warns that excessive investment in AI chips could lead to idle capacity

Analysis: Chinese tech giants' influence in open-source AI is growing

CMSI: Domestic Model Iteration Accelerates, Aiding Valuation Recovery in HK Tech Sector; Top Picks Include Tencent

Tencent hiring posts reveal a new Unreal Engine 5 single-player AAA game project

STARCOIN GROUP

HEALTHYWAY INC

XINHUA LANDE

WALNUT CAP

CHINA PPT INV

PPS INT'L

KNOWLEDGE ATLAS

HING LEE (HK)

WAI CHUN GROUP

MINIMAX-WP

00700

09888

01024

09988

The three major indices of the Hong Kong stock market were all under pressure today, with the Hang Seng Index falling 1.52%, the Hang Seng Tech Index dropping 1.24%, as the market faced profit-taking after reaching a peak. The technology, internet, and retail sectors generally weakened, with heavyweight stocks Tencent Holdings down 1.77%, Alibaba down 2.21%, and Meituan down 3.30%. The restaurant sector showed mixed performance, with Haidilao rising 1.56% against the trend. In terms of individual stocks, Aisinyuan Intelligence surged 13.68% on its first day of listing, while Starry Chain Group experienced significant volatility due to name change expectations. Investors are closely monitoring upcoming CPI and GDP data to assess the economic recovery process

- The Hong Kong stock market showed declines today, with major indexes experiencing profit-taking after yesterday's highs.  
- The Hang Seng Index fell by 1.52% to 26,622.96 points, while tech and retail sectors suffered due to cautious consumer recovery expectations.  
- Market participants are focused on forthcoming economic data, including CPI and GDP, to assess recovery resilience, as trading activity indicates strategic movements towards certain sectors.

Market Heartbeat

TENCENT

BIDU-SW

KUAISHOU-W

BABA-W

JD-SW

MNSO

MEITUAN

YUM CHINA

HAIDILAO

AXERA

MANY IDEA CLOUD

GUANZE MEDICAL

LONGCHEER

Hong Kong stock market intraday | The Hang Seng Index fell 1.52%, technology weighted stocks broadly declined, Meituan fell 3.30%, and Aisino surged 13.68%

00241

03896

002371

Daiwa released a report listing its preferred stocks in the Hong Kong and A-share markets, including Tencent, LAOPU GOLD, WEICHAI POWER, CHINA RES LAND, Alibaba-W, KINGSOFT CLOUD, Midea Group A, NAURA, CATL A, Moutai, and Montage Technology

AASTOCKS

ALI HEALTH

KINGSOFT CLOUD

NAURA

CATL

Moutai

LAOPU GOLD

WEICHAI POWER

Midea Group

CHINA RES LAND

Montage Technology

Dai Hang Daiwa lists preferred AH stock selection (table)

TCEHY

BABA

AAPX

CSCS

AAPD

The Hang Seng Index opened down 392 points, reporting at 26,640 points, with Alibaba falling nearly 3% and Tencent down 1.86%. The three major U.S. stock indices fell sharply, with the Dow Jones down 669 points, the S&P 500 down 108 points, and the Nasdaq down 469 points. Technology stocks generally declined, with Apple down 5% and Cisco down 12.3%. The impact of AI on traditional industries has intensified, with CBRE and Jones Lang LaSalle dropping 8% and 7%, respectively. CK Hutchison fell 1.89% and notified Panama regarding the Panama port dispute, which may trigger legal action

- Major technology stocks experienced a significant decline, contributing to a downturn in all three major U.S. indices, with the Dow Jones dropping 669 points or 1.34%.  
- Notable declines included Apple, which fell 5%, and Cisco, down 12.3%, while AI threats expanded into logistics and real estate services, impacting stocks like CBRE and Jones Lang LaSalle.  
- In Hong Kong, the Hang Seng Index opened down 392 points, with Tencent and Alibaba also showing decreases, while Northbound capital saw net inflows into certain stocks.

Stheadline

Tencent

Alibaba

T-Rex 2X Long Apple Daily Target ETF

Direxion Daily CSCO Bear 1X Shares

Direxion Daily AAPL Bear 1x Shares

The Hang Seng Index opened down 392 points, Alibaba fell nearly 3%, and CK Hutchison dropped 1.9% | Hong Kong stock market opens

OPEN

OPENL

OPENW

OPENZ

80700

HTCD

TCTZF

Below is Dolphin Research's Trans of the Q4 2025 earnings call for $Unity Software(U.US). For our earnings review, see '30% Overnight Plunge: Who Crushed Unity?'. I. Key financials recap. Q4 2025 results. Revenue $503mn (+2% YoY); Adj. EPS $0.24 (vs. Street $0.21). Adj. EBITDA $125mn (margin 25%); FCF $119mn...

Unity (Trans): Vector up 70% YoY in Jan.

On February 12th, the three major indices of the Hong Kong stock market collectively adjusted, with the Hang Seng Index falling 0.86% to 27,032.54 points, and the Hang Seng TECH Index dropping 1.65%. In terms of sectors, internet and restaurant stocks generally declined, with Meituan falling 4.5%, and Tencent and Baidu both moving lower; SenseTime surged 6.77% against the trend due to capital inflow, and Zijin Mining rose 3.45%. Investors are closely monitoring liquidity indicators such as M3 and foreign exchange reserves, and market sentiment is becoming cautious

- On February 12, Hong Kong stocks closed lower after recent highs, with the Hang Seng Index down 0.86% at 27,032.54 points.  
- Major sectors like internet content and restaurants faced significant declines, illustrating investor caution amid recovery challenges in consumption.  
- The market is focused on macro liquidity and economic recovery indicators, particularly retail sales and unemployment rates, to gauge future economic prospects.

ILUVATAR COREX

HUAYUEXPRESSWAY

BOER POWER

Hang Seng TECH Index

FI2CAMNDQ100

FI CSOP HSI

FI2 CSOP HSI

Meituan

Hang Seng Index

FL2 CSOP HSI

CSOP HS TECH

Hong Kong Stock Market Closing | Hang Seng Index fell 0.86%, losing high ground, Meituan plummeted 4.5% leading the decline in technology and dining sectors, SenseTime surged 6.77% against the trend

BABX

513770

517770

MCHI

KWEB

513040

EMQQ

CITIC Securities International's research report points out that the model iteration of mainland internet companies has accelerated, enhancing the valuation recovery of the Hong Kong stock technology sector. It highlights companies such as Alibaba, Tencent, and Kuaishou, believing that the investment logic of the AI mainline has significantly strengthened, and future heavyweight models like DeepSeek-V4 and Alibaba Qwen 3.5 will become catalysts. Preferred stocks include Alibaba and Tencent

Tencent Holdings Limited

BABA 2x Long Daily ETF - GraniteShares

Hwabao CSI HK Equities Internet ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

iShares MSCI China

Krne Csi China Internet

E Fund CSI HK Connect Internet ETF

Emerging Markets Internet ETF

KraneShares 2x Long BABA Daily ETF

ChinaAMC Hang Seng Internet Technology Industry ETF(QDII)

Harvest Hang Seng SCHK Technology ETF

CITIC Securities International: Domestic model iteration accelerates valuation recovery of Hong Kong stock technology sector, with Alibaba and Tencent as top picks

The Bernstein report pointed out that Tencent has underperformed in the Chinese internet sector, mainly due to the lag in chatbot development. Although AI investments have yielded good returns, Tencent needs to improve its chatbot business. The firm believes that selecting AI-related targets is safer, and Tencent's stock price has fallen by about 8% year-to-date

"Big Banks" Bernstein: Tencent's valuation is under pressure as the market focuses on the lag in chatbot development

02513

00100

On February 12th, the three major indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng Index falling 0.92% around the 27,000-point mark, and the Hang Seng Technology Index leading the decline with a drop of 1.59%. Affected by concerns over intensified AI competition, internet technology stocks fell broadly, with Tencent Holdings down 2.28%; the catering sector saw a significant pullback, with Meituan dropping 4.73%. Funds focused on AI applications and restructuring concepts, with KNOWLEDGE ATLAS, MiniMax, and others rising against the trend, while BOER POWER surged over 112% due to restructuring expectations. Market sentiment remains cautious, awaiting guidance from macroeconomic data

- On February 12, Hong Kong's three major stock indices declined collectively, indicating cautious market sentiment after hitting peak levels the previous day.  
- The Hang Seng Index fell by 0.92% to 27,014.81, while the Hang Seng Tech Index experienced a 1.59% drop, and the Hang Seng China Enterprises Index decreased by 1.02%.  
- Concerns over intensified competition among AI models affected various sectors, particularly internet content, retail, and restaurant segments, leading to a generally defensive investor mood awaiting further policy guidance.

UNISOUND

Tianhong Hang Seng TECH ETF(QDII)

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng Tech Index fell 1.59%, with the restaurant and internet sectors experiencing widespread declines, Meituan dropped 4.73%, and BOER POWER surged 112%

XIACY

601899

The short selling amount in the Hong Kong stock market reached HKD 16.05 billion in the half-day session, accounting for 15.3% of the total shortable shares traded. The main shorted stocks include Meituan-W with a short selling ratio of 31.8% and a short selling amount of HKD 1.15 billion; Zijin Mining with a short selling ratio of 35.2% and a short selling amount of HKD 1.06 billion; Tencent Holdings with a short selling ratio of 6.8% and a short selling amount of HKD 850 million; Xiaomi Group-W with a short selling ratio of 25.4% and a short selling amount of HKD 730 million; Alibaba-W with a short selling ratio of 12.5% and a short selling amount of HKD 600 million

Xiaomi Corporation

Zijin Mining

XIAOMI-W

ZIJIN MINING

The short selling in Hong Kong stocks for half a day reached HKD 16.05 billion, accounting for 15.3% of the total turnover of shortable stocks

09626

On February 12th, the Hong Kong stock market closed at noon, with the three major indices collectively adjusting after yesterday's surge, and the Hang Seng TECH Index fell by 1.68%. Technology heavyweight stocks were all weak, with Meituan leading the decline, dropping 4.16%, while Tencent and Alibaba also weakened simultaneously. The catering and retail sectors were dragged down by market sentiment. Despite the overall market weakness, ZIJIN MINING rose against the trend by 2.25%, and YOFC surged by 11.35%. Market funds have entered a wait-and-see period, awaiting inflation data to verify the sustainability of consumer recovery

- On February 12, Hong Kong stocks experienced a technical correction after a previous surge, with major indices all declining.  
- The Hang Seng Index fell 0.89% to 27,024.06, while technology and retail sectors were notably affected, with Tencent down 2.65% and Meituan down 4.16%.  
- Market sentiment is cautious ahead of upcoming macroeconomic data releases, including CPI and unemployment rates, vital for assessing the sustainability of local consumption recovery.

BILIBILI-W

HPC HOLDINGS

TOUYUN BIOTECH

HANVEY GROUP

YOFC

Hong Kong Stock Market Mid-Review | The Hang Seng Index fell 0.89%, technology weights weakened across the board, Meituan plummeted 4.16%, and YOFC surged 11.35%

On February 12th, the three major indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng TECH Index falling by 1.58%, leading the market decline. Affected by the escalation of the AI model war, the internet and retail sectors experienced widespread declines, with heavyweight stocks such as Tencent Holdings, Meituan, and Alibaba under pressure. Market sentiment has turned cautious, with funds closely monitoring macro data such as retail sales and imports and exports to verify the strength of the economic recovery

- On February 12, Hong Kong's stock indices experienced a collective downturn after reaching yesterday's highs, with the Hang Seng Index down 0.68% to 27,082.16 points.  
- The technology sector faced significant losses, particularly the Hang Seng Tech Index, which fell 1.58%, pressured by concerns over competition in the AI market.  
- Investors are focusing on macroeconomic data for February, especially retail sales and import-export figures, to gauge local consumption recovery and external demand resilience.

JD-SWR

LEMO SERVICES

TJCD

Hong Kong stock market intraday | Hang Seng TECH Index down 1.58%, Tencent down 2.83%, Meituan down 3.38%

The Spring Festival raid tactic of DeepSeek in 2025 has become an industry textbook case. By 2026, everyone has learned this trick. ByteDance, Alibaba, KNOWLEDGE ATLAS, and DeepSeek have intensively released flagship models during the "Spring Festival" period, shifting the focus of competition from purely model performance to "efficiency" and the implementation of "intelligent agents." Analysis indicates that if DeepSeek V4 achieves cost reduction in inference, it will drive AI from standalone apps to being "embedded" in high-frequency applications like WeChat, with Tencent likely becoming the biggest beneficiary

- The 2026 Spring Festival signals intense competition among China's AI giants for market entry, with a surge in flagship model releases this year.  
- Leading players like ByteDance, Alibaba, and DeepSeek are launching multiple AI models to capture consumer attention, with predictions of a "winner-takes-all" scenario emerging from simultaneous releases.  
- While Tencent is expected to benefit most from these developments, the actual market adoption of AI applications hinges on resolving reliability and latency issues during user testing.

Wallstreetcn

China's large model "Spring Festival 档" is launched! Waiting for consumer-grade AI to produce "blockbusters"

Unity

Conference Minutes

Unity Software

Opendoor Tech

Opendoor Tech Series A - CW26

Opendoor Tech Series K - CW26

Opendoor Tech Series Z - CW26

TENCENT-R

Tencent HK SDR 10to1

30-40% upside potential. Mainly driven by AI, gaming, advertising growth. A great giant ETF company🤣. Too expensive to buy and hold for retail investor.

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

Fattycat

BABA Return Rate

BABA Diamond Holder

我想问真观点

What is Tencent's upside potential?

KC1028

This Lunar New Year, China’s tech giants kicked off a new round of AI wars.Alibaba launched a ¥3B “Spring Festival Treat” campaign, driving 10 million free milk tea orders in 9 hours across its platforms. Tencent invested ¥1B into WeChat’s “Yuanbao” AI red packets to deepen engagement.ByteDance took another path — its Dream platform released Seedance 2.0, a video AI model that boosts usable output for short clips to over 90%, far above the ~20% industry average.Beyond subsidies, this battle is about who can truly integrate AI into daily life. The holiday rush helps shape habits, gather data, and train models — all aiming to become the go-to “AI ask” gateway.The winner won’t just get traffic, but could define the super-app of the AI era.So — who’s your pick? Alibaba’s commerce, Tencent’s social grip, or ByteDance’s tech edge?$Alibaba(BABA.US)$BABA-W(09988.HK)$BABA-WR(89988.HK)$Tencent(TCEHY.US)$TENCENT(00700.HK)

Yuanbao

The Battle for the AI Gateway: Who Wins?This Lunar New Year, China's tech giants unleashed a new wave of AI application wars. Alibaba's &#34;Spring Festival Treat&#34; campaign, backed by ¥3B, offered deals across e-commerce and local services, logging 10 million free milk tea orders in 9 hours. Tencent doubled down on its WeChat ecosystem, investing ¥1B into its &#34;Yuanbao&#34; AI red packet feature to boost engagement.ByteDance played a different card. Its Dream platform launched Seedance 2.0, a new video AI model. A key breakthrough: it boosted the usable output rate for 15-second clips to over 90%, far above the ~20% industry average, slashing generation costs.Beyond subsidies, this battle tests real AI integration and ecosystem strength. The holiday season is a prime testing ground to shape user habits, collect data, and train models—all fighting to become users' first-choice &#34;AI ask&#34; portal.The stakes? It's not just about traffic. It's about defining the super-app gateway for the AI era, which will ripple across the entire investment landscape.So, who's your pick for the ultimate AI gateway? Alibaba with its commerce power, Tencent with its social lock-in, or ByteDance with its tech edge?

Today’s Key News Recap

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

BABA-WR

Amazon

Roblox

LI AUTO-W

Li Auto

DingDong

XPENG-W

XPeng

NIO-SW

NIO Inc. USD OV

Alibaba HK SDR 5to1

MEITUAN-WR

Meituan HK SDR 5to1

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

---

Below is Dolphin Research's Trans on $Roblox(RBLX.US) Q4 2025 earnings call. Title: 'Software Slump? RBLX: Closed-Loop Ecosystem; Genie Won't Disrupt It'.I. Key earnings recap. 1) Q4 2025 results: revenue of $1.4bn (+43% YoY); bookings of $2.2bn (+63% YoY); DAUs +69% YoY.Engagement reached 35bn hours (+88% YoY). Monthly paying users: nearly 37 mn...

Genius Sports

RBLX (Trans): GenAI won't solve 3D online multiplayer issues

JPTENCT@EP2602A(19349.HK)

Hong Kong stock market intraday | The Hang Seng Index fell 1.52%, technology weighted stocks broadly declined, Meituan fell 3.30%, and Aisino surged 13.68%

Dai Hang Daiwa lists preferred AH stock selection (table)

The Hang Seng Index opened down 392 points, Alibaba fell nearly 3%, and CK Hutchison dropped 1.9% | Hong Kong stock market opens

Unity (Trans): Vector up 70% YoY in Jan.

Hong Kong Stock Market Closing | Hang Seng Index fell 0.86%, losing high ground, Meituan plummeted 4.5% leading the decline in technology and dining sectors, SenseTime surged 6.77% against the trend