UBALIBA@EP2602A

Popular Chinese concept stocks, including Alibaba, generally closed lower in the overnight US market

Alibaba files U.S. SEC Form 13F, revealing its institutional investment holdings

Trendzone helps Alibaba appear at the 2026 Milan Winter Olympics, showcasing its globalization strategy.

Southbound Stock Connect data shows net inflow for Alibaba today

Forbes releases 2026 Hong Kong's Richest list, with Alibaba Chairman Joe Tsai ranking eighth

Alibaba is expected to release its Qwen 3.5 series AI large model soon.

TaoBao Overseas Transactions Surge Over 40% During the Year-end Festival

Alibaba's Qwen AI application processed over 120 million orders in 6 days

SMIC Executive Warns Rushed AI Chip Investment Could Lead to Future Idle Capacity

Alibaba Releases New Generation Text-to-Image Model 'Qwen-Image-2.0'

China Merchants Securities International is optimistic about domestic AI models, reiterates Alibaba as a top pick

Multiple Investment Banks Maintain 'Buy' Rating on Alibaba

Alibaba and ByteDance release new image-generation AI models on the same day, benchmarking against leading industry products.

ByteDance is rumored to be developing its own AI chips, lagging behind Alibaba

Direxion Launches New Leveraged ETF for Alibaba

Alibaba to Continue Major Investment in Taobao Flash Sale, Unconcerned About Losses for Three Years

Alibaba Encourages Flash Purchase Team to Boldly Develop and Optimize Market Strategies

Hong Kong Customs Signs MOU with Taobao & Tmall Hong Kong to Combat Counterfeits

Southbound Trading Records Net Sell of HK$521 Million in Alibaba Shares

Guotai Haitong releases a research report analyzing Alibaba's shift in AI strategy to a 'system competition'

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

03690

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

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

ALI HEALTH

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

03088

03032

BABX

KBAB

Tencent Music fell over 6%, Bilibili and Baidu Group fell over 3%, and Alibaba fell nearly 3%. Risk warning and disclaimer: The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

Wallstreetcn

CAM HS TECH

HSTECH ETF

ISHARESHSTECH

CSOP HS TECH

BILIBILI-W

Huaan Hang Seng Technology ETF(QDII)

Hang Seng Index

China Southern Hang Seng ETF

GX HS TECH

Tianhong Hang Seng TECH ETF(QDII)

Hang Seng TECH Index

Tencent Music

TME-SW

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Baidu

Dacheng Hang Seng Technology ETF(QDII)

Bilibili

The Hang Seng Index opened down 1.45%, and the Hang Seng TECH Index fell 1.59%

EBIZ

ONLN

CLOU

IBUY

Alibaba Group Holding Ltd. has filed a Form 13F with the U.S. Securities and Exchange Commission, revealing its institutional investment holdings for the quarter ended December 31, 2025. This filing confirms Alibaba's significant role as a holder of U.S.-listed securities, providing transparency into its capital allocation strategy. The latest analyst rating for Alibaba's stock (HK:9988) is a Buy, with a price target of HK$186.00. Alibaba operates in various sectors, including e-commerce and cloud computing, and has a market cap of HK$2700.1B.

- Alibaba Group Holding Ltd. filed a Form 13F with the U.S. Securities and Exchange Commission for the quarter ended December 31, 2025, confirming its role as a significant holder of U.S.-listed securities.  
- The filing enhances transparency regarding Alibaba's public equity positions and informs investors about its capital allocation strategy in U.S. markets.  
- The most recent analyst rating for Alibaba's stock is a Buy with a price target of HK$186.00, amidst a market cap of HK$2700.1B.

Tip Ranks

Global X E-commerce ETF

ProShares Online Retail

Global X Cloud Computing ETF

Amplify Online Retail ETF

Alibaba files U.S. Form 13F, revealing scope of its institutional investment holdings

TCOM

YINN

The NASDAQ Golden Dragon China Index initially closed down 2.9%. Among popular Chinese concept stocks, Tencent Music initially closed down 10%, Trip.com fell 6%, KE dropped 5.8%, Bilibili, Baidu, CSI Solar, and YUM China fell over 4%, Alibaba dropped 3.4%, Atour rose 1.2%, and Century Internet rose 3.7%

Invesco Golden Dragon China

Trip.com

Guotai MSCI China A ESG General ETF

YUM China

Roundhill China Dragons ETF

NASDAQ Golden Dragon China Index

BEKE-W

CSI Solar

Yinhua MSCI China A ETF

Direxion FTSE China Bull 3X

TRIP.COM-S

TCTZF

09992

According to the Hong Kong Stock Connect data, Tencent had a net inflow of HKD 1.429 billion, Xiaomi Group had a net inflow of HKD 1.02 billion, and MEITUAN had a net inflow of HKD 985 million. In terms of net outflows, POP MART saw an outflow of HKD 301 million, Changfei had an outflow of HKD 75.36 million, and Alibaba had an outflow of HKD 10.41 million. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 94.777 billion, accounting for 39.70% of the total market transaction amount

AASTOCKS

Tencent Holdings Limited

POP MART

Net inflow of HKD 1.429 billion for Tencent through Stock Connect

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

FI2CAMNDQ100

FI CSOP HSI

FI2 CSOP HSI

Meituan

FL2 CSOP HSI

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

KWEB

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

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

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

Alibaba (9988) plans to increase investment in Taobao Flash Sale, aiming to surpass Meituan's market share by 2026. Management encourages the team to avoid losses in the next three years, focusing on developing instant retail, especially high-ticket orders. Despite a temporary drop in stock prices, Alibaba will continue to explore in-store business and plans to fully advance its strategy after the Spring Festival

- Alibaba's core management encouraged the continuation of bold Taobao flash sales while aiming for no loss burden in the next three years.  
- In 2026, Taobao flash sales will intensify, focusing on instant retail, particularly high-value orders above 30 RMB, and optimizing delivery operations.  
- The internal strategy includes exploring various scenarios for in-store services and a plan to gain market share over Meituan by summer, following an early start due to the Spring Festival.

YieldMax BABA Option Income Strategy ETF

Alibaba is rumored to boldly increase investment in Taobao Flash Sale, with no losses for 3 years, striving to surpass Meituan in market share

According to a report by Sina Technology, Alibaba-W's Amap has established an embodied business department and is about to release its self-developed embodied navigation base model. It has built the largest embodied navigation data engine in the industry and has made breakthrough progress in long-range complex task processing capabilities. It is reported that, unlike many current robots that cannot execute complex instructions, Amap's embodied navigation base allows robots to achieve cross-scenario delivery and follow service in open physical environments

According to reports, Gaode will release a self-developed embodied navigation base model, allowing robots to achieve cross-scenario delivery and following services

02513

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

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%

Huachuang Securities stated that at the beginning of the year, domestic multimodal models were updated intensively, with models like Ke Neng 3.0 and Seedance 2.0 significantly enhancing "controllability," marking a leap in AI video from entertainment to industrial production. By reducing the "card drawing" waste rate, the marginal cost of video production converges towards computing power costs. ByteDance focuses on efficiency infrastructure, Kuaishou delves into professional narratives, and Alibaba strengthens vertical e-commerce, collectively driving a revolution in content supply and the revaluation of IP value

- The report highlights recent updates in multimodal AI tools, notably Kuaishou's Kling 3.0 and Byte's Seedance 2.0, indicating a shift towards tools suitable for workflow integration rather than mere entertainment.  
- It emphasizes improvements in controllability, consistency across shots, and enhanced editing capabilities aimed at lowering the waste rate in video production, thus impacting e-commerce and short series production.  
- The analysis forecasts that as production costs trend towards computational expenses, the focus will shift to the value of intellectual property, enhancing the market potential of leading IPs.

Differentiation among major companies in the multi-modal "Deepseek Moment": ByteDance focuses on "efficiency," Kuaishou targets "professionalism," and Alibaba concentrates on "e-commerce"!

A year after DeepSeek's disruptive AI model launch, Chinese firms like Alibaba and ByteDance are set to release new low-cost AI models around the Spring Festival. DeepSeek's initial success prompted rivals to enhance their offerings, with expectations high for upcoming releases. Zhipu AI and ByteDance have already unveiled new models, while DeepSeek and Alibaba are preparing their next-generation products. The trend towards low-cost, open-source AI is reshaping the industry, as Chinese companies aim to compete with U.S. counterparts by lowering operational costs and integrating AI into consumer services.

- Chinese firms DeepSeek, Alibaba, and ByteDance are set to release new AI models around the Spring Festival holiday, aiming to capture consumer interest.  
- DeepSeek's rise in early 2025 has pushed low-cost, open-source AI models to the forefront, significantly influencing the AI industry despite U.S. export controls.  
- The companies are under pressure to deliver innovative models after DeepSeek’s initial release reshaped market expectations and pricing standards in AI technology.

Reuters

A year on from DeepSeek shock, get set for flurry of low-cost Chinese AI models

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

$Alibaba(BABA.US) often moves with China policy expectations rather than earnings itself. Recently AI narrative gives bulls new angle, but every rally still meets sellers. Until clear earnings acceleration, maybe more chop than trend 😅

BABA-WR

Alibaba HK SDR 5to1

Feels like $Alibaba(BABA.US) narrative slowly shifting from old-school e-commerce to AI cloud story already. Recent results showed cloud growth driven by AI demand, but profits still pressured due to heavy investment

$Alibaba(BABA.US) still trading at discount vs global peers despite strong cash flow and ongoing buybacks. Key question is whether AI investment translates into real monetization or just capex burn. If AI cloud scales, long-term upside maybe underestimated 🤔

Lately $Alibaba(BABA.US) feels more like an AI stock than pure e-commerce😂Heavy AI and cloud investment brings long-term hope but short-term profit pressure, so sentiment is split. I’m cautiously bullish, feels like early cloud story but slower.

Today’s Key News Recap

0211 | Dolphin Research Focus: 🐬 Stock 1, $XIAOMI-W(01810.HK) On the evening of Feb 10, Lei Jun live-streamed from Xiaomi Auto's Yizhuang, Beijing plant. He announced the final first-gen SU7 had rolled off the line and shipped, marking the model's official discontinuation, with cumulative deliveries nearing 370k units. Production lines are being retooled for the next-gen SU7, slated for an Apr launch.The first-gen wrap-up validates Xiaomi Auto's mass-production capability and market acceptance. The capacity transition paves the way for a volume ramp of the new model, a near-term positive for order conversion and brand perception, with Xiaomi up over 4% today...

Dutch Bros

Paramount Global

Xiaomi HK SDR 2to1

Microsoft

XIAOMI-WR

Robinhood

Spotify

Coca Cola

NETEASE MUSIC

NTES-S

NetEase

Shopify 

Unity Software

Warner Bros. Discovery

MSFT Eyes High-Temp Superconductors to Ease AI Power Bottlenecks; BABA's RynnBrain Aims to Give Machines a Brain | Daily News Recap

UBALIBA@EP2602A(19359.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%

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

The Hang Seng Index opened down 1.45%, and the Hang Seng TECH Index fell 1.59%

Alibaba files U.S. Form 13F, revealing scope of its institutional investment holdings