EFUND AI(03489.HK)

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EFUND AI
03489.HK
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The Hang Seng Index fell 322 points in half a day, HSBC dropped over 2%, Tencent and Alibaba declined, while SMIC rose against the trend | Hong Kong stock market opens

The Hang Seng Index opened 156 points lower this morning, falling as much as 404 points, currently reported at 26,136 points, down 322 points or 1.22%. Among the heavyweight blue-chip stocks, HSBC fell 2.5%, AIA dropped 2.3%, Tencent decreased by 1.7%, and Alibaba declined by 1.5%. SMIC rose over 2% against the trend, with Morgan Stanley optimistic about its role as a key supporter of AI localization in China. The U.S. ADP data showed that new job numbers fell short of expectations, while the ISM services index performed better. International oil prices are sluggish, with New York crude oil down 2%

Stheadline·
SH
688981
-2.65%
HK
00981
-1.89%
Stheadline·
SH
688981
-2.65%
HK
00981
-1.89%

Alibaba Cloud introduces cloud and AI technology for the Italian Winter Olympics, upgrading to real-time 360-degree replay

Alibaba Cloud collaborates with the International Olympic Committee and Olympic Broadcasting Services to provide cloud and AI technology support for the 2026 Milan Winter Olympics. The upgraded real-time 360-degree replay system will be applied to 17 events, featuring a new "time-space slicing" effect. Cloud broadcasting will support 39 organizations, providing 428 live broadcast signals, reducing costs and technical complexity. In addition, the "Olympic AI" assistant will be launched to offer multilingual conversations and real-time event inquiries

Stheadline·
US
CLOU
-3.17%
US
KBAB
-1.81%
US
BABX
-1.80%
Stheadline·
US
CLOU
-3.17%
US
KBAB
-1.81%
US
BABX
-1.80%

Tmall Medical Beauty fired the first shot at Meituan

Meituan's medical beauty landscape is facing the most intense "low-price airstrike" from e-commerce giant Alibaba. On January 21, Xinfeng noticed that on Tmall Medical Beauty's "Hundred

Wallstreetcn·
US
MPNGY
+2.68%
HK
03690
+1.79%
HK
09988
+0.06%
Wallstreetcn·
US
MPNGY
+2.68%
HK
03690
+1.79%
HK
09988
+0.06%

Hong Kong Stock Market Mid-Review | Hang Seng Index rises 0.92%, Internet sector up, Alibaba rises 5.25%, Kuaishou rises 5.48%

The three major indices of the Hong Kong stock market rose collectively at noon, with the Hang Seng Index up 0.91% and the Hang Seng TECH Index up 1.54%. The internet content and information sector led the gains, while the retail and catering sectors showed divergence. Leading stocks like Alibaba and Kuaishou surged, Haidilao performed strongly, while Meituan showed weaker performance. Capital focus is centered around technology, healthcare, and semiconductors, with macro-level capital flows and data changes affecting market sentiment. Trading volume is concentrated at high levels in leading internet stocks and the healthcare sector, highlighting the active short-term trading in the market

Market Heartbeat·
HK
03690
+1.79%
HK
00981
-1.89%
Market Heartbeat·
HK
03690
+1.79%
HK
00981
-1.89%

National Big Fund, major moves!

On January 2, 2026, SMIC agreed to issue 357 million shares to the National Integrated Circuit Industry Investment Fund, increasing its shareholding ratio from 4.79% to 9.25%. This transaction raised the National Integrated Circuit Fund's holdings in SMIC to 740 million shares. SMIC also introduced new investors to SMIC Southern through a capital increase agreement, with the National Integrated Circuit Fund's third phase increasing its investment by USD 1.832 billion. After acquiring SMIC Northern, SMIC became its wholly-owned subsidiary

Wallstreetcn·
SH
688981
-2.65%
HK
00981
-1.89%
Wallstreetcn·
SH
688981
-2.65%
HK
00981
-1.89%
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