HSALIBA@EC2603E(21078.HK)

Jack Ma supervises the battle, Qianwen aims at the "AI entrance" high ground

Chinese-style AI competition?

Net inflow of HKD 4.324 billion for Tencent through Hong Kong Stock Connect

According to the Hong Kong Stock Connect data, Tencent had a net inflow of HKD 4.324 billion, while Alibaba and Pop Mart had net inflows of HKD 1.656 billion and HKD 589 million, respectively. Changfei had a net outflow of HKD 78.68 million. In the Hong Kong Stock Connect (Shanghai), Tencent had the highest net inflow of HKD 2.373 billion, and Xiaomi Group had the highest net outflow of HKD 11.57 million; in the Hong Kong Stock Connect (Shenzhen), Tencent had the highest net inflow of HKD 1.951 billion, and Kangfang Biologics had the highest net outflow of HKD 306 million. The total net outflow for the day in the southbound trading was HKD 0, with a total transaction amount of HKD 88.416 billion, accounting for 35.67% of the total market transaction amount

Qianwen: The number of orders for the free order activity has exceeded 10 million

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap ---

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

Hong Kong Stock Market Closing | Hang Seng Index Pulls Back, Small-Cap Stocks like Southern Communications Surge, Internet and Insurance Sectors Lead Decline

Today, the Hong Kong stock market closed with all three major indices retreating. The Hang Seng Index fell by 1.21%, the Hang Seng Tech Index dropped by 1.11%, and the National Enterprises Index decreased by 0.68%. The overall market experienced a high-level correction, with key sectors such as internet, retail, and insurance generally weakening. Core stocks like Tencent Holdings, Alibaba -W, and AIA Group saw significant declines, reflecting rising risk aversion and weak consumer confidence. Market hotspots were concentrated in small-cap stocks like Southern Communications and Long Resources, which experienced significant fluctuations and active trading. External macro variables and liquidity expectations continue to impact the capital situation of Hong Kong stocks, leading to short-term market sentiment fluctuations