JPALIBA@EC2612A

MAN SANG INT'L

JIASHILI GP

CH SUPPLY CHAIN

CHINA PARTYTIME

ZIJING INTL FIN

C&D NEWIN

RIMBACO

LISI GP HOLD

LING YUI

601318

STECH

03088

09988

00HSI

02477

01810

02800

The Hang Seng Index closed at 24,988 points, down 347 points or 1.4%; the Hang Seng TECH Index reported 4,817 points, down 105 points or 2.1%. Alibaba, Ping An, and Meituan all fell over 3%. Among active heavyweight stocks, Xiaomi Group rose 1.5%. Kuaishou-W, Pop Mart, and China Life saw significant declines, dropping 13.4%, 9.3%, and 7.9% respectively

AASTOCKS

Ping An

Hang Seng TECH Index

CAM HS TECH

BABA-W

Hang Seng Index

WELLCELL HOLD

XIAOMI-W

TRACKER FUND

The Half-Day Express reports that the Hang Seng Index fell by 347 points; the Hang Seng TECH Index dropped by 105 points. Alibaba fell over 3%, Ping An fell over 3%, Meituan fell over 3%. Bank of China, WELLCELL HOLD, and Everbright Environment hit new highs

MPNGY

03690

BABA

KBAB

BABX

BABO

Morgan Stanley released a report stating that competition in the food delivery industry is becoming more rational, with both Alibaba and Meituan receiving "Overweight" ratings. Alibaba is expected to gradually narrow its losses, aiming to achieve a transaction volume of RMB 1 trillion in its local services business by fiscal year 2028 and to turn profitable in fiscal year 2029. Meituan maintains a strong market share in the food delivery sector, with profit warnings for 2025 expected to outperform market expectations. Overall, regulatory measures and profit roadmaps will help improve the competitive environment

Meituan

MEITUAN

Alibaba

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

YieldMax BABA Option Income Strategy ETF

Morgan Stanley: Competition in the food delivery industry is becoming rational, rating Meituan and Alibaba as "Overweight"

IBUY

YINN

KWEB

EBIZ

Alibaba Group's shares rose 3.5% to $129.92 after Argus upgraded the stock to a hold rating. The trading volume increased slightly, with 12.7 million shares exchanged. Analysts have mixed views, with Barclays lowering its price target to $190 and Arete Research upgrading to a buy rating at the same target. The stock has a consensus rating of "Moderate Buy" and a target price of $188.95. Despite positive sentiment around Alibaba's new AI chip, concerns about near-term fundamentals and regulatory risks persist.

- Alibaba Group Holding Limited (NYSE:BABA) saw its share price increase by 3.5% after Argus upgraded its rating to hold.  
- The stock traded between $125.48 and $130.65 with a volume increase during trading.  
- Analysts have mixed opinions, with ratings ranging from sell to overweight, amidst ongoing concerns about regulatory risks and shifts toward AI investments.

Market Beat

Amplify Online Retail ETF

ProShares Online Retail

Direxion FTSE China Bull 3X

Krne Csi China Internet

Invesco Golden Dragon China

Global X E-commerce ETF

Alibaba Group (NYSE:BABA) Shares Up 3.5% on Analyst Upgrade

09888

BIDU

The Nasdaq Golden Dragon China Index was initially up 1.8%. Among popular Chinese concept stocks, Baozun Inc. rose 15.5%, Meituan rose 13.8%, JD.com rose 8.3%, CSI Solar rose 7.8%, Kingsoft Cloud rose 6.5%, PDD Holdings rose 4.5%, Alibaba rose 3.6%, Baidu rose 2.8%, and New Oriental and Xiaomi rose over 2%. In terms of ETFs, CQQQ rose 3.3%, KWEB rose 2.9%, and ASHS rose 2.6%

Wallstreetcn

BIDU-SW

Baidu

JD.com

NEW ORIENTAL-S

Baozun

NASDAQ Golden Dragon China Index

CSI Solar

KraneShares 2x Long JD Daily ETF

Xtrk Hrvt Csi 500 Chn A S-Cp

Roundhill China Dragons ETF

GraniteShares 2x Long PDD Daily ETF

SOXL

SOXX

As Alibaba Launches a New Chip for Agentic AI, Should You Buy, Sell, or Hold BABA Stock?

Barchart Option

SPDR S&P Semicon

Direxion Semicon Bull 3X

iShares Semiconductor ETF

VanEck Semiconductor ETF

As Alibaba Launches a New Chip for Agentic AI, Should You Buy, Sell, or Hold BABA Stock?

513040

512380

159998

513770

Alibaba Group Holding Ltd (BABA) saw a 3.29% increase in stock price, driven by positive developments in China's regulatory environment and advancements in AI. Reports suggest a potential end to price wars in China's food delivery sector, boosting investor sentiment. The company launched new AI products, enhancing its market position. Analysts have upgraded Alibaba's rating, despite past profitability challenges. However, the company faces risks, including a significant decline in net income and increased regulatory scrutiny. Analysts rate the stock as a Buy, with a price target averaging $187.23.

- Alibaba Group Holding Ltd (BABA) rose by 3.29%, driven by positive developments in China's regulatory environment and advancements in AI.  
- Key factors included reports of stabilizing price wars in the food delivery sector and the launch of new AI products, which suggest growth potential and increased revenue from cloud services.  
- Despite facing significant challenges such as declining net income and legal scrutiny, the overall market sentiment remains optimistic about Alibaba's long-term strategies.

TradingKey

E Fund CSI HK Connect Internet ETF

Yinhua MSCI China A ETF

Tianhong CSI Computer Theme ETF

Hwabao CSI HK Equities Internet ETF

Alibaba Group Holding Ltd Stock (BABA) Moved Up by 3.29% on Mar 25: What Investors Need To Know

89988

HBBD

09618

89618

HJDD

Pre-market tonight (Mar 25), $PDD(PDD.US) released Q4 2025 results. Once the year's wild card on earnings, the company has now delivered two straight quarters broadly in line with the Street. PDD is now arguably the most focused, pure-play, value-driven e-commerce player in China.In detail: 1) Total revenue growth showed some recovery, weak at home and strong overseas. Revenue came in at approx. RMB 123.9bn (+12% YoY), roughly in line with expectations. Growth accelerated vs. last quarter, with a softer domestic contribution (Q4 was weak across e-com) ...

PDD: Has the Maverick Gone Mediocre?

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- The article discusses the influence of freely available AI models on innovation for companies like Alibaba and U.S. startup Cursor.  
- However, increasing investor pressure for profitability may lead to a focus on proprietary developments aligning with Beijing's interests.  
- The piece highlights Cursor's valuation progress and its connection to Chinese open-source models amidst fundraising efforts.

Reuters

TENCENT

Tencent

Tencent Holdings Limited

iShares MSCI China

iShares China Large Cap

BREAKINGVIEWS-China AI labs face growing open-source dilemma

02618

EATZ

China's regulators are addressing food delivery price wars, positively impacting tech stocks like Alibaba (BABA), JD.com (JD), and Meituan. Following a meeting aimed at curbing unfair competition, Meituan's shares surged 13%, Alibaba rose 6.7%, and JD.com increased by 5.7%. A state-backed column criticized the industry's price wars, highlighting their detrimental effects on consumer recovery. Despite this, BABA shares fell 0.46% on the NYSE, closing at $125.48.

- Chinese tech stocks rose after new regulatory signals aimed at enhancing competition among food delivery firms, benefiting companies like Alibaba Group.  
- Meituan shares surged by 13% in Hong Kong, while Alibaba and JD.com saw gains of 6.7% and 5.7% respectively.  
- A state-backed column highlighted the detrimental effects of price wars in the sector, stating they hurt consumer recovery, even as Alibaba's shares declined by 0.46% on the NYSE.

Tip Ranks

SPDR S&P Retail ETF

JD LOGISTICS

JD-SW

VanEck Retail ETF

AdvisorShares Restaurant ETF

Invesco Leisure & ENT ETF

China Cracks Down on Food Delivery Price Wars, Lifting Alibaba (BABA), JD.com (JD), and Meituan Stocks

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The Hang Seng Index rose by 272 points, closing at 25,335 points, with a turnover of HKD 350.9 billion. Meituan's stock price surged by 13.9%, while Alibaba and JD.com rose by 4.6% and 4.9%, respectively. The optimistic sentiment towards competition in the food delivery platform sector drove the stock market rebound, with northbound capital inflow of HKD 22.322 billion. Despite selling pressure at high levels, the Hang Seng Index still broke through the bull-bear boundary. Some technology stocks performed poorly, with Tencent and Baidu experiencing slight declines. Overall market sentiment is positive, and it is expected that the food delivery war will come to an end

- In response to easing tensions between the U.S. and Iran, Asian markets rebounded, with Hong Kong's Hang Seng Index closing at 25,335 points, up 272 points.  
- The rise was fueled by leading delivery platform stocks like Meituan and Alibaba, while some technology stocks, including Tencent, faced declines.  
- Overall market turnover increased to 350.9 billion HKD, driven by significant movements in key sectors and individual stocks amid anticipation of improved profitability for delivery platforms.

Stheadline

JD HEALTH

ISHARESHSI

China Southern Hang Seng ETF

FL2 CSOP HSI

CSOP HSI ETF

ChinaAMC Hang Seng ETF

CSOP HS TECH

FI2 CSOP HSI

The Hang Seng Index rose by 272 points, crossing the bull-bear line, with a turnover of HKD 350.9 billion. Meituan rose nearly 14%. Analysis: Resistance at 25,600 is expected in the upward test | Hong Kong stock market opens

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The total short selling amount in the Hong Kong stock market for the day was HKD 66.53 billion, accounting for 20.9% of the tradable shortable shares. The main shorted stocks include TRACKER FUND with a short selling ratio of 33.2% and a short selling amount of HKD 9.65 billion; MEITUAN-W with a short selling ratio of 29.7% and a short selling amount of HKD 6.52 billion; POP MART with a short selling ratio of 18.9% and a short selling amount of HKD 4.63 billion; BABA-W with a short selling ratio of 21.8% and a short selling amount of HKD 4.13 billion; XIAOMI-W with a short selling ratio of 39.9% and a short selling amount of HKD 4.02 billion

POP MART

The total short selling on the Hong Kong stock market for the day was HKD 66.53 billion, accounting for 20.9% of the turnover of shortable stocks

Evanson Asset Management LLC acquired 5,080 shares of Alibaba Group Holding Limited (NYSE:BABA) valued at approximately $745,000 during the fourth quarter, as reported in their Form 13F filing. Other institutional investors have also increased their stakes in Alibaba. The stock opened at $125.55, with a market cap of $299.75 billion and a price-to-earnings ratio of 23.69. Analysts have mixed ratings on the stock, with a consensus price target of $188.95. Recent developments include the launch of a new AI chip and employee share awards.

- Evanson Asset Management LLC acquired 5,080 shares of Alibaba Group Holding Limited, valued at approximately $745,000, during the fourth quarter.  
- Multiple institutional investors increased their stakes in Alibaba, with Ameriflex Group Inc. boosting its holdings by 101.4%, while the company has a market cap of $299.75 billion and a price-to-earnings ratio of 23.69.  
- Analysts' opinions are mixed, with target prices being lowered by firms like Robert W. Baird and Morgan Stanley, reflecting concerns over profit pressures and regulatory scrutiny.

Evanson Asset Management LLC Purchases Shares of 5,080 Alibaba Group Holding Limited $BABA

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On March 25th, the three major indices of the Hong Kong stock market collectively closed higher, with the Hang Seng Tech Index leading the way with a rise of 1.91%. Meituan performed impressively, closing up 13.92%, with a trading volume exceeding HKD 21.9 billion; however, Pop Mart saw a significant decline of 22.51% due to sector adjustments. The retail and catering sectors showed mixed performance overall, and the pressure from macroeconomic data leaves the market direction still awaiting further confirmation of trading volume

- On March 25, Hong Kong stocks closed higher, with the Hang Seng Index rising 1.09% to 25,335.95 points, but failing to surpass March 18's high.  
- Major stocks showed varied performances; Meituan surged 13.92%, while Haidilao dropped 11.07%, reflecting underlying volatility in the retail sector.  
- Weak macroeconomic data is pressuring retail sales and manufacturing, prompting investor caution amid concerns over inflation and employment.

Market Heartbeat

HAIDILAO

ZHIHU-W

YOFC

CMS HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

Hang Seng TECH ETF I

ISHARESHSTECH

Dacheng Hang Seng Technology ETF(QDII)

Hong Kong stocks closed | Meituan surged 13.92%, leading the tech sector

Financial Analysis

BABA-WR

Alibaba HK SDR 5to1

JD-SWR

JD HK SDR 10to1

Forwarding a news piece today that had a major impact on the Hang Seng 'Food Delivery' Index. The crux: the State Administration for Market Regulation reposted an Economic Daily op-ed arguing the 'food-delivery price war' should end soon. Of course, this is not the first such line from state media, nor an official SAMR stance; it was merely a repost, though it may hint at regulators' leanings.However, Dolphin Research believes that unless regulators step in and forcefully halt delivery subsidies, competition will still be driven by companies' own goals and appetite. As such, the actual impact of this 'signal' is uncertain; it mainly lifts sentiment and could accelerate participants' subsidy rollbacks and loss reduction. $Alibaba(BABA.US) $MEITUAN(03690.HK) $JD.com(JD.US)

Meituan HK SDR 5to1

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$Alibaba(BABA.US) stock’s current performance reflects mixed market sentiment as Alibaba unveils its new XuanTie C950 AI chip, a 5nm processor that is more than three times faster than its previous version and designed to power AI agents by handling complex, multi-step tasks. While the chip launch represents a positive development for China’s efforts to achieve technological self-reliance and could improve supply-chain resilience amid scarce computing power, it is unlikely to have a major impact on Alibaba’s overall revenue. @Bridge Buzz SG

Alibaba Releases AI Chip: Game Changer or Noise?Core Assessment: Moderately positive in the medium term, but more likely &#34;narrative-driven&#34; in the short term, not a fundamental inflection point.Key Points:	•	Positioning: If it's a self-developed inference/training chip (similar to Alibaba's previous Hanguang/Yitian architecture upgrades), the focus is on cost reduction + computing power autonomy.	•	Competitive Landscape: The AI chip market is still dominated by NVIDIA, with deep ecosystem barriers (CUDA).	•	Differentiation Potential:	•	Cloud provider self-use (reducing cloud costs)	•	Vertical scenario optimization (e-commerce recommendations, advertising, search)Conclusion:	•	Positive for cloud business profit margins (long-term)•	Difficult to shake up the global AI chip landscape in the short term

Hi guys ☕️ Big news: Alibaba dropping a new chip? SK Hynix goes all in on HBM. Apple teases a big one at WWDC. Singtel tanks 5.4%. CapLand Ascendas REIT goes big. Plus 6 earnings. What's catching your eye? 👇

XL2CSOPHYNIX

SingTel

Alps Active REIT ETF

Apple

Apple Group

Invesco QQQ Trust

Proshares UltraPro QQQ

SPDR S&P 500

CapLand Ascendas REIT

Sarine Tech

WUXI BIO

MIXUE GROUP

SENSETIME-W

HESAI-W

GameStop

SingTel 10

Singtel

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

WuXi Biologics

SENSETIME-WR

Hesai

Crossamerica Partners LP

☕️ Daily Market Talk | March 24, 2026

NVIDIA

Alibaba chip strategically important for China AI, but not a near term threat to NVIDIASK Hynix HBM push confirms strong AI demand bullish for Micron Technology, but Hynix stays aheadSingtel drop short term risk remains better to wait, but attractive on deeper dips for yield investors

A17U. hopefully wont put a dent to its share price even after money raised. positive news overall i guess.

Seriously, Singtel stop making my life hard. I need the connectivity. Can't believe they are so terrible. I am cancelling my plan with them and will short it!

JPALIBA@EC2612A(25606.HK)

JPALIBA@EC2612A Stock Performance Chart

The Half-Day Express reports that the Hang Seng Index fell by 347 points; the Hang Seng TECH Index dropped by 105 points. Alibaba fell over 3%, Ping An fell over 3%, Meituan fell over 3%. Bank of China, WELLCELL HOLD, and Everbright Environment hit new highs

Morgan Stanley: Competition in the food delivery industry is becoming rational, rating Meituan and Alibaba as "Overweight"

Alibaba Group (NYSE:BABA) Shares Up 3.5% on Analyst Upgrade

As Alibaba Launches a New Chip for Agentic AI, Should You Buy, Sell, or Hold BABA Stock?