HSTECH ETF

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Tariffs slashed, great news to celebrate!On May 12, the results of the US-China trade negotiations in Geneva were announced today: significant tariff reductions!Original news quote:Foreign media reported that the US reduced tariffs on China from 145% to 30%, with another 24% temporarily suspended for 90 days. China reduced tariffs on the US from 125% to 10%, with another 24% temporarily suspended for 90 days.However, Chinese media stated that in the reciprocal tariffs, the US cut to 10%, China cut to 10%, and both sides temporarily suspended another 24%.Contradictory? How to understand?Note that this is not contradictory. After Trump took office, the tariffs imposed on us were divided into multiple rounds:a. February this year: Initially, using fentanyl as an excuse, a 10% tariff was imposed on Chinese exports to the US.b. By March, another 10% was added, bringing the cumulative tariff rate to 20%.This was the 20% tariff Trump imposed separately on China using fentanyl as an excuse before universally imposing &#34;reciprocal tariffs&#34; on global trade partners. Dolphin Research here briefly refers to it as the &#34;fentanyl tariffs.&#34;Then, in this wave of uniform global trade war, reciprocal tariffs were first imposed on China:April 2: A 34% tariff was imposed on China (the one allegedly exported with one click in Excel)—bringing it to 54%.April 8: Both sides retaliated, and the US added an additional 50% tariff, bringing the reciprocal tariff portion to 84% and the total tariff to 104%.April 9: Escalation continued, with an additional 41% added to the reciprocal tariff on top of the 84%, bringing it to 125%. Combined with the fentanyl tariffs, the total reached 145%.What is the actual negotiation result?The current negotiation result is:a. US to China: 1) Reciprocal tariff portion: The 40% and 50% retaliatory tariffs added on April 8 and 9 are completely canceled. Of the 34% tariff exported with one click on April 2, 10% remains, and 24% is temporarily suspended for 90 days to leave room for negotiation. 2) Fentanyl portion: The full 20% remains.b. China to the US: Since it’s mainly reciprocal tariffs, China’s response is a one-to-one replication of the US’s actions. China has no other substantive universal tariffs on the US.The final temporary result is, counting from Trump’s second term, the US imposes 30% + 24% (suspended) on China, and China imposes 10% + 24% (suspended) on the US.How to interpret?Clearly positive: With overall tax rates kept relatively low, the key is the 90-day suspension period. This is undoubtedly great news for global markets.Of course, there will be ongoing tug-of-war, but in today’s globalized division of labor: rare earths vs. semiconductors, both sides still have cards to play.The capital market will definitely celebrate with a rally. $Vista GLD(VGZ.US) $HSTECH ETF(03032.HK)

Vista GLD

UBS Says Oil Price Volatility Makes Total Cost of Ownership for EVs More Attractive, Bullish on BYD

Hangzhou Shiyi cooperates with Meituan Waimai to enter the instant consumption market for the pet economy

Former Alibaba Qwen Post-training Lead, Bowen Yu, Reportedly Joins ByteDance

Kuaishou's Daily Active Users (DAU) Reached a Record High During the Spring Festival

BYD Company Expected Annual Dividend Ex-Date on June 10, 2026

Market report indicates Alibaba to benefit from Saudi Arabia data center investments

Xiaomi to Participate in AWE 2026, Expected to Launch Multiple High-End Home Appliance Products

Tencent Games to discuss how environmental themes boost player engagement at GDC 2026.

NIO CEO William Li congratulates BYD on its breakthrough in megawatt fast charging technology

Meituan Flash Purchase becomes one of the platforms with the highest pre-sale volume for the Samsung S26 series

Xiaomi opens pre-sales for the new generation SU7 model, expected to officially launch in April

Tencent launches all-scenario AI agent WorkBuddy, stock price rises

Tencent Holdings was net sold by Southbound funds for HK$2.435 billion

BYD's car-to-machine connectivity adds support for Samsung phones

Tencent, ByteDance, and other Chinese tech giants compete for AI interns

Meituan's "Fangxin Mei" service is upgraded, allowing users to verify the authenticity of medical aesthetic products by scanning a code with their phones

Southbound funds net buy over HK$400 million of Xiaomi Group shares during the day

Southbound Trading Records Net Purchase of Alibaba-W Shares

Xiaomi launches entry-level 5G phone with Unisoc chip in Indian market

Head of Alibaba's Qwen AI Model, Lin Junyang, Departs

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Meituan announced the upgrade of its "Star Eye" large model and integrated software-hardware service system, which is planned to be launched in April 2025. The new system will address issues such as high costs, high latency, and privacy protection in food safety scenarios through "end-cloud collaboration" and Agent technology architecture, achieving a shift in risk supervision from "post-event tracing" to "real-time blocking." Currently, pilot projects have been conducted in the field of catering food safety monitoring

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Meituan

Meituan upgrades the "Star Eye" large model, shifting food safety governance from "kitchen monitoring" to "full-chain risk control"

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Tencent Cloud launched a series of AI game solutions at the 2026 Game Developers Conference, showcasing multiple AI-driven technologies that redefine game development models and security capabilities. The newly launched flagship Tencent Cloud Game Multimedia Interactive Solution (GMES) will enhance immersive experiences and strengthen global player connections through GVoice, providing real-time responses and cross-language translation. Tencent Cloud's goal is to transform gaming into a community platform for player connection and collaboration

AASTOCKS

Tencent

First Trust S-Network Streaming and Gaming ETF

Tencent Holdings Limited

TENCENT

ChinaAMC CSI Animation Game ETF

Wedbush ETFMG Video Game Tech ETF

Global X Cloud Computing ETF

Global X Video Games & Esports ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Guotai CSI Animation Game ETF

VanEck Video Gaming and eSport ETF

Tencent Cloud releases new AI game solution

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Tencent is secretly developing an AI intelligent agent, planning to launch gray box testing in mid-year and roll it out to all users in the third quarter. This agent will connect to millions of mini-programs on the WeChat platform, aiming to replace the 1.4 billion monthly active users in completing various tasks, directly challenging the market dominance of Alibaba and ByteDance. Recently, Tencent launched three AI Agent products, all embedded in high-frequency applications like WeChat, demonstrating its strategic shift to promote AI capabilities using its existing ecosystem

- Tencent is prioritizing the development of an AI system integrated within its WeChat ecosystem, planning to start gray box testing by mid-year.  
- The AI agent aims to enhance user interaction for services like ride-hailing and food delivery, challenging competitors Alibaba and Bytedance.  
- Despite a strong ecosystem, Tencent faces pressure to deliver a mature product without compromising the user experience, as it seeks to transform its market position in the competitive AI landscape.

华尔街见闻资讯

CSOP HS TECH

Alibaba

BABA-W

Targeting Alibaba and ByteDance! Report: Tencent secretly lays out WeChat AI intelligence, may open to all users within the year

Supercomputing Internet launches a free event, distributing 10 million Tokens to each user, with a renewal price of 0.1 yuan per million Tokens. The platform's AI crayfish can be deployed with one click, suitable for content creation, architectural design, and daily office tasks. Users can claim benefits and start conversations through the PC client. Risk warning: Investment should be cautious, and this article does not constitute personal investment advice

- AI Xiaolongxia is now accessible through easy deployment and integration with mainstream applications, offering a two-week free experience with 10 million Tokens for users.  
- The low purchase price for additional Tokens is set at 0.1 yuan per million, with improvements allowing for immediate usability without complex setup.  
- Users are encouraged to engage with the AI for various tasks, while being reminded of the inherent investment risks and the need for personal evaluation of advice offered.

One person 10,000,000 Tokens, national supercomputing internet, please let all net shrimp friends eat for free!

Citigroup's report pointed out that Tencent has integrated the QQ open platform into the OpenClaw artificial intelligence agent platform, which could become a turning point in driving large-scale user adoption of AI agents. Tencent's popularity and support for free installation will help educate users, accumulate data, assess the effectiveness of AI agents, and promote the development of the WeChat ecosystem. Citigroup reiterated Tencent's "Buy" rating, with a target price of 783 yuan

Citi in "Big Banks": Tencent's "Lobster" craze becomes a turning point for the popularization of AI agents, target price 783 yuan

Citi expects Meituan's new business losses in the fourth quarter of 2025 to expand to RMB 3.3 billion, with delivery business revenue potentially decreasing by 14% year-on-year due to a decline in order value and commission rates. Total revenue is expected to grow slightly by 2% to RMB 90 billion, with adjusted losses maintained at RMB 13 billion. The bank has lowered its net profit forecasts for Meituan for the fiscal years 2025 and 2026 by RMB 3.3 billion and RMB 100 million, respectively, maintaining a "Buy" rating with a target price of RMB 135

In "The Big Banks," Citigroup expects Meituan's new business losses to expand to 3.3 billion RMB in the fourth quarter

KBAB

Recently, internet giants such as Alibaba, Tencent, and ByteDance have launched their spring recruitment, with a significant increase in demand and salaries for AI positions. Chen Changsheng, deputy director of the State Council Research Office, pointed out that the supply-demand ratio for AI recruitment positions has reached 3.5:1, indicating a severe talent gap. The report "Social Recruitment Insights - Mid to High-End Talent Job Seeking and Recruitment Insights for January-February 2026" shows that the number of AI positions has increased approximately 12 times year-on-year, becoming the core competition track for talent in the spring recruitment

KraneShares 2x Long BABA Daily ETF

Major internet companies have launched their spring recruitment, with a significant increase in the proportion of AI positions

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The Hang Seng Index opened higher today but fell back, closing down 61 points at 25,898 points. U.S. stocks fluctuated slightly, and bond yields changed. The stock price of Yangtze Optical Fibre once rose before retreating, while Cathay Pacific's annual dividend increased by 21.7%, leading to a 4.4% rise in its stock price. Tencent's stock price retracted by 0.3%, and other related concept stocks also experienced declines

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

GEELY AUTO

CATL

The Market Review: Hang Seng Index falls, "lobster" concept stocks retreat, CATL and Geely rebound

01810

XIACY

Xiaomi Automobile has launched an insurance product called "Xiaomi Car Insurance," which is currently in a renewal pilot program only in the Beijing area. The underwriter for this product is Beijing Faba Tianxing Property Insurance Co., Ltd

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Xiaomi Corporation

"Xiaomi Car Insurance" is here? Societe Generale's Tianxing Insurance responded: the company operates independently and is currently conducting a renewal pilot only in the Beijing area

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Hong Kong stocks rose in the morning session, with the Hang Seng Index up 396 points at 25,804 points, the Hang Seng China Enterprises Index up 91 points, and the Hang Seng TECH Index up 69 points. Tencent's stock price increased by 5.7%, reaching HKD 545.5. AI stocks MiniMax and IM Motors rose by 9.5% and 6.9%, respectively. Other tech stocks such as Alibaba and Bilibili also saw increases, while Kuaishou, NetEase, JD.com, and Baidu rose slightly. The total market turnover was HKD 172.007 billion

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In the Hong Kong stock market, the Hang Seng Index rose 396 points in the first half of the day, with Tencent up 5.7% and CATL rising over 8% after earnings

Tencent announced that the AI assistant Q Claw is currently in the internal testing phase. According to reports, Q Claw is a local AI assistant launched based on OpenClaw, supporting one-click installation on Windows/Mac, and can be remotely controlled through WeChat conversations. Users only need to send a command on their mobile WeChat, such as: "Help me sum up the desktop report and send it to me," and the assistant will automatically operate the computer to execute and return the results

Tencent: AI assistant QClaw is currently undergoing internal testing and supports remote control via WeChat

Tencent is expected to announce its Q4 2025 results next Thursday, with adjusted net profit projected to grow by 16.2%, reaching a median of RMB 64.3 billion. Revenue is expected to be between RMB 191.627 billion and RMB 197.739 billion, a year-on-year increase of 12.2%. The market is focused on Tencent's AI strategy and capital expenditures, particularly the impact of the integration of QQ and OpenClaw on user behavior data. JP Morgan advises investors to pay attention to market sentiment and fundamental signals related to AI

iShares Expanded Tech Software Sector ETF

Proshares Big Data Refiners ETF

SPDR S&P Software

Franklin Exponential Data ETF

Tianhong CSI Computer Theme ETF

"Forecast" Brokers expect Tencent's adjusted net profit in the fourth quarter of last year to rise by over 16%, focusing on AI strategies and capital expenditure plans

OPPO and its sub-brand OnePlus will adjust the prices of some mobile phone products due to rising component costs. The specific price adjustment range will depend on the sales channels. Recently, multiple media outlets reported that brands such as vivo, Xiaomi, and Honor also plan to initiate a new round of price adjustments in March. Customer service representatives from Xiaomi and vivo stated that they have not yet received relevant notifications and need to wait for official announcements

OPPO and its sub-brands will adjust the prices of some mobile phone products. Xiaomi customer service: No price adjustment notice received

Citigroup's report released in late January predicts that Tencent's performance in the fourth quarter of 2025 will include: total revenue of RMB 191.882 billion, a year-on-year increase of 11.3%; value-added services revenue of RMB 87.987 billion, a year-on-year increase of 11.3%; online advertising revenue of RMB 41.01 billion, a year-on-year increase of 17.2%; fintech and enterprise services revenue and others of RMB 62.885 billion, a year-on-year increase of 7.6%; total gross profit of RMB 106.396 billion, a year-on-year increase of 17.4%; gross profit margin of 55.4%, an increase of 2.9 percentage points; net profit of RMB 54.01 billion, a year-on-year increase of 5.2%; non-International Financial Reporting Standards net profit of RMB 64.752 billion, a year-on-year increase of 17.1%

"Major Banks" Citigroup's Forecast for Tencent's Fourth Quarter Performance Last Year (Table)

NetEase LobsterAI released version 0.2.2 on March 8, officially integrating with WeChat Work and QQ bots, supporting DingTalk and Feishu, achieving full coverage of mainstream IM. Users can directly issue commands to the Agent via mobile, conduct complex data analysis, generate PPTs, and monitor financial activities in real-time, remotely driving the Agent to complete tasks anytime and anywhere

NTES-S

NetEase

NetEase "Lobster" LobsterAI releases a new version, integrating with WeChat Work, QQ, Feishu, and DingTalk

Wear new shoes, walk the old pathIt seems to have developed, turned around, and modernized, but once encountering pressure or real constraints, it reverts to the old ways—the practices from the beginning.【Securities Researcher: &#34;Information involving tax assessments for related high-tech companies&#34; only indicates stricter assessments, not a blanket ban】This afternoon, the Hang Seng Tech Index suddenly widened its losses, with the index falling more than 2.5% at one point. Alibaba, Tencent Holdings, JD.com, and Meituan all saw increased declines, and the corresponding call warrants plummeted across the board. At noon, a piece of information about &#34;tax assessments for related high-tech companies&#34; circulated among securities researchers, triggering market volatility. Although this rumor has not yet received official endorsement, the market has already begun pricing it in. However, the market's pricing of such events is often one-time, and the corresponding factors are also variable. If the situation reverses, it will inevitably trigger a major counterattack. A securities researcher said it is only stricter assessments, not a blanket ban.$BABA-W(09988.HK)$TENCENT(00700.HK)$XIAOMI-W(01810.HK)

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Alibaba HK SDR 5to1

Tencent HK SDR 10to1

JD HK SDR 10to1

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Meituan HK SDR 5to1

XIAOMI-WR

Xiaomi HK SDR 2to1

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

XTALPI

LI AUTO-W

CSOP A50 ETF-R

CSOP A50 ETF

FI2 CSOP HSI

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GEELY AUTO-R

POP MART HK SDR 20to1

$XTALPI(02228.HK) Cautiously optimistic, Hang Seng Tech shows signs of crashing again. Damn it, Hang Seng has a history of crashing after long holidays countless times. This 🐶 just can't be reliable in the long run.

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

🇨🇳！🇨🇳！🇨🇳！$HSTECH ETF(03032.HK) $TENCENT(00700.HK)

On a weekly basis, the southbound capital flow in Hong Kong stocks was a net outflow in the past week. This is unusual, as it's the first time this has happened in at least over a year. $HSTECH ETF(03032.HK) $Hang Seng Index(00HSI.HK) $XIAOMI-W(01810.HK)

$Hang Seng TECH Index(STECH.HK) trying to fool investors again?!