HSTENCT@EC2708A

Chinese Academy of Sciences launches next-generation open-source chip R&D, with Tencent participating in the collaboration

Tencent Holdings repurchased 590,000 shares for approximately HKD 295 million

Head of Tencent Health responds to AI diagnostic capabilities, emphasizing need for detailed user background information

Tencent Cloud and CGTrader Forge Strategic Partnership to Drive Next-Generation AI-Powered 3D Content Creation

Tencent Selected as one of the "Shining Nanshan Top 20" Enterprises

China's March Game Approvals Released, Tencent Receives No Approvals for Second Consecutive Month

Tencent's Game 'Rock Kingdom: World' Launched Today

WeChat Video Account Releases 'Financial Industry Convention' to Strengthen Financial Content Regulation

WeChat Video Platform Launches New Guidelines for Financial Content Creators

Tencent reportedly poached the entire infrastructure department of ByteDance's Seed team

China's NPPA Approves March Game Licenses, Tencent's 'Lili's Little Kingdom' Included

China approves 130 new domestic online game licenses, including for Tencent

Sri Lanka's National Payment Network LankaPay Officially Integrates with WeChat Pay

Sri Lanka's Payment Network Connects with WeChat Pay

Tencent Responds to Security Concerns Over AI Agent 'OpenClaw'

Soochow Securities maintains "Buy" rating on Tencent Holdings, citing strong gaming business and accelerating AI commercialization

Tencent Music releases 2025 financial report with annual total revenue of 32.9 billion yuan

Securities Times reports Tencent's Q3 2025 results with net profit exceeding 63.1 billion yuan

Tencent Launches Yuanbao Pai Desktop Version

JPMorgan reiterates 'Overweight' rating on Tencent with a HK$690 target price due to a clear AI monetization path

MAN SANG INT'L

AOM INT'L

CH INV FIN GP

CHINA PARTYTIME

CH GENERAL EDU

ZHONG JU INVEST

ZENSUN ENT

JIASHILI GP

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Today (26th), Tencent repurchased 590,000 shares on the market, with a transaction price ranging from HKD 495.2 to HKD 506, involving nearly HKD 295 million. Since the buyback authorization resolution was passed on May 14th last year, Tencent has repurchased nearly 113 million shares, accounting for 1.22751% of the issued share capital

AASTOCKS

iShares Expanded Tech Software Sector ETF

Invesco Leisure & ENT ETF

VGtelecomm

Emerging Markets Internet ETF

Tencent

Comm Servcies Select Sector SPDR

Tencent Holdings Limited

First Trust S-Network Streaming and Gaming ETF

iShares MSCI China

TENCENT

ISHRS S&P Glb Telco

SPDR S&P Software

Global X Video Games & Esports ETF

Wedbush ETFMG Video Game Tech ETF

iShares China Large Cap

Krne Csi China Internet

VanEck Video Gaming and eSport ETF

On Thursday, Tencent repurchased 590,000 shares for nearly 295 million yuan

SOXL

Geopolitical risks continue to disrupt global markets. An emerging market fund, which has outperformed 96% of its peers over the past year with a 45% annual return, offers a unique judgment: it has heavily weighted over 40% of its assets in Asian chip stocks, betting on the inelastic demand for AI and the moat of monopolistic pricing power. Furthermore, it employs a "discounted holding company" strategy, acquiring stakes in quality assets like TENCENT and SK Hynix at a 40% discount, awaiting valuation recovery

- Amid ongoing conflict in Iran affecting global markets, Robeco Emerging Stars Equities fund identifies Asian high-tech stocks, particularly AI-related chip manufacturers, as valuable defensive assets.  
- The fund allocates over 40% of its assets to Asian chip stocks, benefiting from their strong pricing power and ability to pass on costs due to market monopolies, even in a potential recession.  
- Utilizing an "indirect investment" strategy, the fund invests in holding companies at significant discounts, enhancing overall valuation and security margins while maintaining exposure to quality tech assets.

Wallstreetcn

Direxion Semicon Bull 3X

Guotai CSI Semiconductor Material Equipment Theme ETF

XL2CSOPHYNIX

Guotai CES Semiconductor Chip Industry ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

SPDR S&P Semicon

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

iShares Semiconductor ETF

Guotai CSI All Share Integrated Circuit ETF

Invesco Semiconductors ETF

VanEck Semiconductor ETF

First Trust Nasdaq Food & Semicon

Top Emerging Market Fund: Asian Chip Stocks are the Best Hedge Against the Iran Conflict

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The chatbot "Kimi" parent company "Dark Side of the Moon" is considering an initial public offering (IPO) in Hong Kong and has initiated preliminary contacts with CICC and Goldman Sachs. The company is valued at approximately $18 billion and has recently strengthened its review of "red chip stocks." Dark Side of the Moon is on par with companies like DeepSeek, and its AI model is regarded as a top product. The company completed over $700 million in financing earlier this year and is currently negotiating a new round of financing of up to $1 billion. Investors include Alibaba, Tencent, and others

- Moonshot AI, the parent company of the chatbot "Kimi," is considering an initial public offering (IPO) in Hong Kong and has initiated discussions with CICC and Goldman Sachs.  
- Current discussions regarding the IPO, including its feasibility, timeline, and fundraising amount, remain uncertain, with no comments from involved parties.  
- The company has successfully completed over $700 million in financing this year and is negotiating another round of up to $1 billion, potentially valuing it at around $18 billion, with investors including Alibaba and Tencent.

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CICC

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

BABA-W

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Alibaba

Goldman Sachs

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Kimi's parent company, Moon's Dark Side, reportedly plans to go public in Hong Kong, with CICC and Goldman Sachs possibly serving as underwriters, valuing it at $18 billion

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On March 26, the three major Hong Kong stock indices collectively retreated, with the HSI closing down 1.89% and the Hang Seng Tech Index falling 3.28%. Market sentiment for taking profits at high levels was strong, with Kuaishou plunging over 14% and Pop Mart dropping more than 10%. The overall market trended toward caution amid macroeconomic external demand pressure and insufficient consumption momentum, with capital concentrating in energy leaders and certain stocks with unusual performance results

- On March 26, Hong Kong's major indices declined, with the Hang Seng Index closing at 24,856.43, down 1.89%.  
- Retail sectors like jewelry and toys struggled due to weak consumer demand, while tech stocks fell significantly, especially Kuaishou, which dropped 14.04%.  
- Investors are focused on economic data related to trade and monitoring the uncertain external environment and its impact on local consumption and risk appetite.

Market Heartbeat

CHOW TAI FOOK

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POP MART

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KINGSOFT

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LENOVO GROUP

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CHINA LIFE

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Hong Kong Stocks Close | HSI Falls 1.89% as Kuaishou and Pop Mart Plunge

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The Hang Seng Index closed at 24,856 points, down 479 points or 1.9%. The Hang Seng Tech Index reported 4,761 points, down 161 points or 3.3%. The total market turnover was HKD 261.662 billion. Alibaba fell 4.6%, Ping An dropped 3.8%, and Meituan decreased by 3.7%. Other heavyweight stocks such as Tencent, Kuaishou, and POP MART also experienced varying degrees of decline

WELLCELL HOLD

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Meituan

PING AN

Ping An Insurance

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According to the "All-Day Express," the Hang Seng Index fell by 479 points; the Hang Seng Tech Index dropped by 161 points. Alibaba fell by over 4%, Ping An by over 3%, and Meituan by over 3%. Bank of China, WELLCELL HOLD, and Everbright Environment reached new highs with active trading

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Hong Kong stocks were under pressure during intraday trading on March 26, with the three major indices collectively retreating, led by the Hang Seng TECH Index. The jewelry retail, catering, and internet content sectors saw the largest declines, while POP MART and Kuaishou were actively traded but experienced sharp price drops. Overall market sentiment remains cautious as investors closely monitor Federal Reserve policy directions and economic trends in mainland China

- As of March 26, Hong Kong stocks are experiencing pressure, with major indices retreating after yesterday's highs, reflecting cautious sentiment.  
- The Hang Seng Index reported a drop of 1.86%, while the Hang Seng Technology Index fell by 3.06%, indicating widespread declines in retail and internet sectors due to weakened consumer confidence.  
- Investors are closely monitoring U.S. Federal Reserve policies and domestic economic growth, influencing market dynamics and liquidity concerns moving forward.

Hang Seng Index

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Hong Kong Stocks Intraday | Hang Seng Index Down 1.86%, POP MART Drops Over 11%

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On March 26th at noon, the three major indices of the Hong Kong stock market collectively adjusted, with the Hang Seng Index falling below the 25,000 mark, and the Hang Seng TECH Index experiencing the largest decline. Sector performance was mixed, with individual stocks in life sciences tools and services showing divergent trends, and Jiaxin International Resources plummeting significantly. Popular stocks like Kuaishou and Pop Mart led the market decline, while Xiaomi Group and CNOOC performed strongly, with overall market trading sentiment remaining cautious

- As of noon on March 26, Hong Kong’s three major indices experienced a collective decline, with cautious trading and weak sentiment noted.  
- The Hang Seng Index dropped by 1.37% to 24,988.04, while the Hang Seng Technology Index fell by 2.15% to 4,817.13, both retreating from their March 25 highs.  
- Notable movements included China National Offshore Oil (up 2.39%) and XiaoMi (up 1.54%), while Kuaishou and Alibaba saw significant declines.

JIAXIN INTL RES

AKESO

XTALPI

Hong Kong Stock Midday Review | Hang Seng Index falls 2.15% leading the decline, CNOOC and Xiaomi rise against the trend

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The article points out that the chaos of "AB goods" in e-commerce is a persistent problem in the industry that needs to improve traffic rules. The National Development and Reform Commission and other departments will implement the "Rules on Price Behavior of Internet Platforms" on April 10, requiring regulatory authorities to refine standards, unblock complaint channels, and form a long-term restraint mechanism. At the same time, e-commerce platforms need to adjust their traffic allocation mechanisms, pay attention to quality, service, and user reputation, and strengthen their review and supervision responsibilities for merchants

JD HEALTH

SPDR S&P Retail ETF

JD.com

KraneShares 2x Long PDD Daily ETF

KraneShares 2x Long JD Daily ETF

Amplify Online Retail ETF

VanEck Retail ETF

JD LOGISTICS

ProShares Online Retail

Economic Daily: Cracking Down on E-commerce "AB Goods" Requires Genuine Effort

Tencent Holdings granted options under its stock option plan

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Hong Kong stocks rose moderately during intraday trading, with the three major indices collectively in the green, and the Hang Seng TECH Index rising 0.67%. In terms of sectors, consumer retail performance diverged, with SUNART RETAIL up 3.18%. Meituan's 9.87% gain boosted market sentiment, while POP MART slumped over 20%. The market is focusing on the Federal Reserve's moves and economic data such as the Manufacturing PMI, maintaining an overall pattern of volatile consolidation

- As of March 25, Hong Kong stocks are moderately rising, with major indices showing gains; the Hang Seng Index is up 0.35% to 25,151.91, yet has not surpassed the March 20 peak.  
- Market sentiment remains cautious due to fluctuating local consumption and employment indicators, with investors monitoring key economic metrics and uncertainties from the Federal Reserve's policy direction.  
- Notable stocks include CSPC Pharmaceutical, rising 3.36% with a transaction volume of HKD 663 million, and Jiangxi Copper, increasing 4.35% with a volume of HKD 589 million.

SUNART RETAIL

BYD COMPANY

ZIJIN MINING

CSPC PHARMA

JIANGXI COPPER

DONGFANG ELEC

GIGADEVICE

WANGUO GOLD GP

HSTECH ETF

Hong Kong Stocks Intraday | Hang Seng Index Rises 0.35%, Retail Diverges, Meituan Rises 9.87%

- 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

E Fund CSI HK Connect Internet ETF

Invesco Golden Dragon China

Hwabao CSI HK Equities Internet ETF

BREAKINGVIEWS-China AI labs face growing open-source dilemma

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The Hang Seng Index closed at 25,073 points, up 9 points or 0.0%; the Hang Seng Tech Index reported 4,807 points, down 23 points or 0.5%. Xiaomi Group fell over 3%, while stocks like Tencent, Alibaba, and China Construction Bank fluctuated slightly. GEELY AUTO, FIT HON TENG, and QINGSONG HEALTH reached new highs

GEELY AUTO

The Hang Seng Index closed at 25,073 points, up 9 points; the Hang Seng Tech Index closed at 4,807 points, down 23 points. Xiaomi Group fell over 3%, while Geely, FIT HON TENG, Qingsong Health, China General Nuclear Power, and Everbright Environment reached new highs

The main indices of the Hong Kong stock market rebounded collectively, with the Hang Seng Index rising by 0.74% and the Hang Seng TECH Index increasing by 1.04%. The retail sector performed strongly, driven by consumer recovery, with Alibaba rising by 1.54%; the oil and gas sector, however, faced pressure due to oil price fluctuations, with China National Offshore Oil Corporation falling by 3.87%. Market funds focused on leading retail and semiconductor stocks, with YOFC soaring by 13.33%, and overall market sentiment remained stable

- The Hong Kong stock market is experiencing a steady rebound, with major indices collectively rising; the Hang Seng Index up 0.74% at 25,249.20 points.  
- The retail sector shows strong performance, benefiting from consumer recovery, while the oil and gas sector declines due to international oil price fluctuations.  
- Key stocks such as National Technology and Chongqing Fiber Optic are gaining significantly, reflecting increased short-term investor interest.

NSING TECH

LINGBAO GOLD

CHIFENG GOLD

SD GOLD

QUANTGROUP

Global X E-commerce ETF

Hong Kong Stock Market Update | Hang Seng Index up 0.74%, Retail Sector Strengthens, Alibaba up 1.54%

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WeChat Pay HK, a subsidiary of Tencent, has partnered with the Business Bureau of Nanshan District in Shenzhen to launch the "2026 Nanshan District Inbound Consumption Voucher Campaign," which is expected to distribute over HKD 10 million in vouchers. The first round of distribution will take place from April 1 to June 30, covering sectors such as dining and retail, allowing Hong Kong residents to enjoy a 40% discount. The campaign will be conducted in two to three phases and is expected to boost consumption growth

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WeChat Pay HK partners with Nanshan, Shenzhen to distribute over HKD 10 million in consumption vouchers to Hong Kong residents

HSTENCT@EC2708A(25801.HK)

HSTENCT@EC2708A Stock Performance Chart

On Thursday, Tencent repurchased 590,000 shares for nearly 295 million yuan

Top Emerging Market Fund: Asian Chip Stocks are the Best Hedge Against the Iran Conflict

Kimi's parent company, Moon's Dark Side, reportedly plans to go public in Hong Kong, with CICC and Goldman Sachs possibly serving as underwriters, valuing it at $18 billion

Hong Kong Stocks Close | HSI Falls 1.89% as Kuaishou and Pop Mart Plunge

According to the "All-Day Express," the Hang Seng Index fell by 479 points; the Hang Seng Tech Index dropped by 161 points. Alibaba fell by over 4%, Ping An by over 3%, and Meituan by over 3%. Bank of China, WELLCELL HOLD, and Everbright Environment reached new highs with active trading