GX CN CLOUD-U

Alibaba and Ant Group complete the acquisition of floors in One Causeway Bay

Cainiao Develops New AI-Designed High-Strength Smart Express Box

Taobao and Tmall to Administer the New Round of 2026 National Subsidies

Tencent Cloud releases its 2025 Financial AI report, having implemented over 100 large model scenarios with major financial institutions

Tencent's new game 'Nizhan: Future' is scheduled to launch on January 13, 2026

Tencent plans to launch multiple new games in 2026 to drive global expansion

AI Glasses Included in National Subsidy for the First Time in 2026

Alibaba establishes 'Qianwen C-end Business Group' by integrating businesses to focus on consumer-level AI.

Hong Kong stock market closes for 2025; Hang Seng Index gains nearly 28% for the year, Alibaba closes down 1.18%

Alibaba participates as a cornerstone investor in the Hong Kong IPO of AI company MiniMax.

Tencent leads share buyback trend among Hong Kong tech firms, with repurchases totaling HK$78.1 billion this year

NetEase Drives Robust Revenue Growth Through Innovation and Global Expansion

Huatai-PineBridge Hang Seng TECH ETF Sees Net Inflow, with Alibaba as Top Holding

Alibaba's Tongyi Lab Launches Multimodal General-Purpose GUI Intelligent Agent MAI-UI

Alibaba's Tongyi Qianwen Qwen Code releases a major update, introducing a VSCode plugin and SDK.

China's tech giants offer lavish year-end bonuses amid AI talent war

Alibaba-backed AI firm Zhipu AI launches Hong Kong IPO to raise US$560 million

Southbound Trading records net selling of Alibaba shares

2025 E-commerce Review: Alibaba Intensifies Instant Retail Competition by Integrating Ele.me and Taobao Flash Shopping

A Shenzhen industrial park will be auctioned on the Ali Asset platform with a starting price of over 1 billion RMB

REGO INTERACT

GRACEWINE

POWERWIN TECH

ASTRUM

EDENSOFT

TOMO HOLDINGS

INSILICO

ELEPHANT HLDGS

TJCD

LITIAN PICTURES

09866

NTES

09999

The Hang Seng Index opened down 53 points, reporting at 25,801 points. The three major U.S. stock indices have fallen consecutively, with Tesla's stock price down 1.13%. Hong Kong's technology stocks generally declined, with JD.com and NetEase falling 1.32% and 1.26%, respectively. NIO rose 3.15% due to favorable policies. Zijin Mining issued a profit warning, expecting a net profit increase of 59% to 62%. Regarding northbound capital, there was a net sell of Hong Kong stocks amounting to HKD 3.844 billion yesterday

- The three major U.S. stock indexes declined for the third consecutive trading day, with slight decreases: the Dow down 94 points to 48,367, the S&P down 9 points to 6,896, and the Nasdaq down 55 points to 23,419.  
- Tesla reported a 15% year-on-year drop in projected Q4 electric vehicle deliveries, causing its stock to fall by 1.13%.  
- Hong Kong's Hang Seng Index opened down 53 points at 25,801, with notable declines in tech stocks, while Zijin Mining announced a net profit increase of 59% to 62% for 2025.

Stheadline

NIO Inc. USD OV

NIO-SW

NetEase

NTES-S

The Hang Seng Index opened down 53 points, JD.com and NetEase fell over 1%, while NIO bounced back 3%｜Hong Kong stock market opens

K3MD

UBS analyst maintained a Buy rating on Netease Inc on December 29 and set a price target of HK$288.60. The company’s shares closed yesterday at HK$216.20.Claim 70% Off TipRanks This Holiday SeasonUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Netease Inc has an analyst consensus of Strong Buy, with a price target consensus of HK$257.96.

- UBS analyst has maintained a Buy rating on Netease Inc with a price target of HK$288.60 as of December 29.  
- The company's shares closed at HK$216.20, reflecting a potential upside.  
- Netease Inc holds an analyst consensus of Strong Buy and a price target consensus of HK$257.96.

Tip Ranks

NTES ADR US

UBS Sticks to Its Buy Rating for Netease Inc (9999)

BABA

09988

KBAB

BABO

BABX

According to reports, Chinese AI startup MiniMax, supported by Alibaba and the Abu Dhabi Investment Authority, plans to raise over $600 million through a Hong Kong IPO, aiming to become the first publicly listed domestic generative AI company. The company generated revenue of $30.5 million last year and is expected to start subscriptions as early as this week, with a listing anticipated in January. IDG Capital, Yichi Capital, and others will also participate in cornerstone investments

- Chinese AI startup MiniMax has secured key support from Alibaba Group and Abu Dhabi Investment Authority for its IPO in Hong Kong.  
- The company aims to raise over $600 million and plans to start accepting investor subscriptions as early as Wednesday, with a potential listing in January, although discussions are still ongoing.  
- MiniMax's IPO ambitions coincides with a surge in Hong Kong's IPO market, which is set to achieve a four-year fundraising high, highlighting the accelerated competition among Chinese AI firms for public listings.

Wallstreetcn

Alibaba

BABA-W

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Report: MiniMax plans to raise USD 600 million in its Hong Kong IPO, with Alibaba, Abu Dhabi, and others as cornerstone investors