SG#ALIBARC2610C

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'

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'

Alibaba's Qwen and Fliggy announce AI collaboration with over 40 global travel brands

Alibaba stock sees two large block trades totaling over HK$19 million

Shanghai Instrument & Electronics Signs Strategic Cooperation Agreement with Alibaba

Alibaba Qianwen's '3 Billion Spring Festival Free Orders' campaign is a success, with cards nearly depleted

Alibaba Cloud Expands Market Share and Maintains Growth for Three Consecutive Quarters

Alibaba is reportedly considering a spinoff and separate listing for its chip unit, T-Head

Alibaba-W Receives Net Inflow from Southbound Stock Connect for 5 Consecutive Days

Benoy Announces Completion of Wuhan Alibaba Center

Qianwen App's Spring Festival 3 billion yuan giveaway campaign sparks consumption boom

Alibaba launches AI-powered interactive installation 'Wonder on Ice' for Milan Winter Olympics

TOUYUN BIOTECH

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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.

Market Heartbeat

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

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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.

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Alibaba

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

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Alibaba Group (NYSE:BABA) shares fell 1.4% to $164.21 amid mixed market sentiment. Analysts have varied opinions, with Nomura raising its price target to $237 and Zacks downgrading to a 'strong sell.' The stock has an average rating of 'Moderate Buy' and a target price of $195.17. Institutional investors are increasing their stakes, indicating potential confidence in Alibaba's future despite competition in AI and mixed signals from its cloud and retail sectors.

- Alibaba Group Holding Limited (NYSE:BABA) shares dropped 1.4% during mid-day trading, with a trading volume decline of 37% from the average. 
- Positive sentiment surrounds Alibaba's new AI model, RynnBrain, while competition in AI could impact user acquisition costs and margins. 
- Eighteen analysts rate the stock as a "Buy," with an average target price of $195.17, despite mixed signals from its cloud and retail businesses.

Market Beat

E Fund CSI HK Connect Internet ETF

Krne Csi China Internet

KraneShares 2x Long BABA Daily ETF

Global X E-commerce ETF

Hwabao CSI HK Equities Internet ETF

Global X Cloud Computing ETF

BABA 2x Long Daily ETF - GraniteShares

Amplify Online Retail ETF

ProShares Online Retail

Alibaba Group (NYSE:BABA)  Shares Down 1.4%   - Should You Sell?

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The Nasdaq Golden Dragon China Index initially fell by 0.6%. Among popular Chinese concept stocks, WeRide fell by 5.5%, NetEase fell by 4%, YUM China, Baidu, Tencent, Alibaba, and Meituan all fell by over 1%. XPeng rose by 1.6%, Li Auto rose by 1.8%, Nio rose by 2.1%, BYD rose by 2.8%, and Xiaomi rose by 3.9%

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ByteDance is launching a promotional campaign for its AI apps by giving away over 100,000 tech products, including robot dogs and drones, to Chinese customers for Lunar New Year. This initiative aims to boost user engagement and compete with rivals like Alibaba and Tencent. Winners will receive usage rights for premium electric vehicles integrated with ByteDance's Doubao AI assistant. Analysts suggest this strategy minimizes long-term costs while maintaining visibility. Despite a large user base, monetization remains a challenge for Chinese AI app developers, with only four making it to the top 100 globally by annual recurring revenue.

- ByteDance is promoting its Doubao chatbot by offering over 100,000 tech products and up to 8,888 yuan in red packets to celebrate the Lunar New Year.  
- This strategy aims to boost customer engagement and compete with rivals such as Alibaba and Tencent, while also reducing long-term risks associated with product ownership.  
- Despite a large user base, the Chinese AI app market struggles with monetization, with only four out of the top 100 AI apps by annual recurring revenue being Chinese.

Tip Ranks

ByteDance Offering Free Robot Dogs and EVs as Lunar New Year AI War Heats Up

The Hang Seng Index has risen for three consecutive days, closing today at 27,266 points, an increase of 0.3%. The net inflow from the northbound trading was HKD 4.816 billion, with the total market turnover reaching HKD 217.218 billion. The US Dollar Index has declined, with increasing market expectations for a rate cut in the United States. The performance of tech stocks was mixed, with Xiaomi's stock price rising nearly 4.3%, while Tencent and Alibaba saw slight declines. The quarterly review results released by MSCI showed that SenseTime and Pony.ai's stock prices rose by 2.9% and 2.6%, respectively

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The Hang Seng Index rises for three consecutive days, with net inflow from northbound capital exceeding 4.8 billion; Xiaomi and BYD rise

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The total short selling amount in the Hong Kong stock market reached HKD 33.97 billion, accounting for 17.9% of the trading volume of shortable stocks. Among them, the short selling ratio of CSOP HS TECH was the highest at 56.5%, with a short selling amount of HKD 2.44 billion. Alibaba's short selling ratio was 18.7%, amounting to HKD 1.56 billion; TENCENT's short selling ratio was 10.8%, amounting to HKD 1.4 billion; XIAOMI's short selling ratio was 14.3%, amounting to HKD 1.18 billion; and the TRACKER FUND's short selling ratio was 13%, amounting to HKD 1.07 billion

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The total short selling in the Hong Kong stock market for the day was HKD 33.97 billion, accounting for 17.9% of the turnover of shortable stocks

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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...

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

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On February 11th, the three major indices of the Hong Kong stock market closed higher collectively, with market sentiment warming up. The Hang Seng Tech Index led the gains, closing at 5499.99 points. In terms of sectors, hardware and automotive stocks performed strongly, with Xiaomi Group surging 4.27% on news of new vehicles, and Bilibili rising over 5% due to valuation recovery; the internet and retail sectors showed mixed performance, with Tencent and Alibaba experiencing slight pullbacks. Capital competition was intense, as the market awaited guidance from macro data such as retail sales and CPI

- On February 11, the Hong Kong stock market showed resilience, with major indices closing positively; the Hang Seng Index rose 0.31% to 27,266.38 points.  
- Notable performers included Xiaomi Group, up 4.27% driven by positive sentiment from new SUV announcements, while the Hang Seng Tech Index climbed 0.90%.  
- Investors are closely monitoring upcoming retail sales and CPI data to gauge the recovery of local consumption amidst cautious market sentiment.

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Hong Kong stocks closed | All three major indices rose, with the Hang Seng Tech Index up 0.90%, and Xiaomi Group rising over 4%

The Hang Seng Index closed at 27,266 points, up 83 points or 0.3%; the Hang Seng Tech Index reported 5,499 points, up 48 points or 0.9%. The total market turnover was HKD 217.218 billion. Xiaomi Corporation's stock price rose by 4.3%, while Ping An, Tencent, Alibaba, and others saw declines. TECHTRONIC IND, China Resources Mixc Lifestyle, ZTO EXPRESS, WH Group, and CLP Holdings reached new highs, with active trading

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According to the Hong Kong Daily News, the Hang Seng Index closed at 27,266 points, up 83 points; the Hang Seng Tech Index closed at 5,499 points, up 48 points. Xiaomi Corporation rose over 4%, TECHTRONIC IND, China Resources Mixc Lifestyle, ZTO EXPRESS-W, WH Group, and CLP Holdings reached new highs with active trading

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On February 11th, the three major indices of the Hong Kong stock market rose slightly during the session, with the Hang Seng Technology Index leading the gains at 0.74%, showing a narrow range of fluctuations overall. In terms of sectors, the hardware and storage sectors performed strongly, with Xiaomi Group surging 4.38% driven by expectations of AI and new products; the internet sector showed divergence, with Bilibili rising 5.41% and Tencent Holdings falling 1.09%. In terms of individual stocks, Synagistics and Ridge Outdoor soared over 35% due to positive news. The current market is in a macro data vacuum period, with investor sentiment primarily cautious

- On February 11, Hong Kong's stock indices showed a slight overall rise, with investor sentiment remaining cautious amid a lack of macroeconomic data.  
- The Hang Seng Index increased by 0.25%, while the Hang Seng Tech Index led gains at 0.74%, although major indices stayed below recent highs.  
- Market focus shifted towards upcoming retail sales and trade data, as well as inflation and unemployment metrics, which are crucial for assessing economic resilience.

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Huatai-PB CSOP Hang Seng Technology ETF(QDII)

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Tianhong Hang Seng TECH ETF(QDII)

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Hong Kong stock market intraday | Hang Seng TECH Index up 0.74%, hardware sector strengthens, Xiaomi surges 4.38%, Tencent down 1.09%

Ant Aifu launches Alipay red envelope activity, from February 11 to February 12, new registered users can receive a 16.8 yuan Alipay red envelope on Aifu

The short selling amount in the Hong Kong stock market reached HKD 16.09 billion in the half-day session, accounting for 16.5% of the total shortable stock turnover of HKD 97.79 billion. The previous day was 17.1%. The main shorted stocks include: Southern Hang Seng Technology with a short selling ratio of 54.9% and a short selling amount of HKD 1.33 billion; Xiaomi Group-W with a short selling ratio of 13.1% and a short selling amount of HKD 660 million; Alibaba-W with a short selling ratio of 16.5% and a short selling amount of HKD 650 million; SMIC with a short selling ratio of 14.5% and a short selling amount of HKD 580 million; Tencent Holdings with a short selling ratio of 7.2% and a short selling amount of HKD 520 million

The short selling in the Hong Kong stock market for half a day was HKD 16.09 billion, accounting for 16.5% of the total turnover of shortable stocks

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ByteDance is developing an AI chip and negotiating with Samsung for manufacturing, aiming to produce at least 100,000 units this year. The talks include access to scarce memory chip supplies. ByteDance plans to invest over 160 billion yuan in AI procurement by 2026, with a significant portion for Nvidia chips. The project, codenamed SeedChip, is part of ByteDance's strategy to enhance its AI capabilities across various business sectors. Despite challenges, the company is committed to advancing its AI technology.

Reuters

Invesco Semiconductors ETF

First Trust Nasdaq Food & Semicon

iShares Semiconductor ETF

Samsung Electronics 

ByteDance developing AI chip, in manufacturing talks with Samsung, sources say

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.

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Alibaba HK SDR 5to1

Today’s Key News Recap

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Xiaomi HK SDR 2to1

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$Alibaba(BABA.US) is poised to leave everyone else in the dust in the domestic AI field. From self-developed chips, to modules, servers, cabinets, to cloud platforms, and models, the entire supply chain is integrated and self-developed. It's also top-tier globally

$Alibaba.US Using the Olympics to showcase Qwen models and Taobao Vision. Smart soft power move for a tech giant

openclaw models status --agent main🦞 OpenClaw 2026.2.9 (33c75cb) — It's not &#34;failing,&#34; it's &#34;discovering new ways to configure the same thing wrong.&#34;Config : ~/.openclaw/openclaw.jsonAgent dir : ~/.op...

Alphabet - C

Alphabet

YieldMax BABA Option Income Strategy ETF

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

openclaw experience, recommend Qwen Max model

From a trading perspective, $Alibaba(BABA.US) feels like a stock constantly caught between macro sentiment and company-specific catalysts. Every time China policy tone improves or US rate expectations change, the price reacts more to macro than earnings. That makes it tricky for short-term traders.The recent focus on cost control and operational restructuring suggests management is prioritizing efficiency rather than aggressive expansion. Personally I see this as building a base, but not yet a strong breakout story unless we get clear cloud growth acceleration or meaningful earnings surprise.

SG#ALIBARC2610C(62638.HK)

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

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

Alibaba Group (NYSE:BABA) Shares Down 1.4% - Should You Sell?

ByteDance Offering Free Robot Dogs and EVs as Lunar New Year AI War Heats Up