MSALIBA@EP2609A

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

BYDDY

03896

02026

09868

09988

BABA

XPEV

.HXC

BABX

KBAB

KWEB

DRAG

The NASDAQ Golden Dragon China Index initially closed down 1.8%. Among popular Chinese concept stocks, WERIDE-W fell 9%, PONY-W fell 5.7%, KINGSOFT CLOUD fell 5.5%, BYD Company Limited fell 5.2%, NIO Inc. USD OV fell 4.4%, XPENG-W fell 3.8%, Alibaba fell 2.1%, and ZAI LAB rose 2.8%

Wallstreetcn

NIO Inc. USD OV

BYD Company

KINGSOFT CLOUD

WERIDE-W

BYD Company Limited

ZAI LAB

PONY-W

XPENG-W

BABA-W

Alibaba

XPeng

NASDAQ Golden Dragon China Index

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Krne Csi China Internet

Invesco Golden Dragon China

Roundhill China Dragons ETF

ONLN

IBUY

EBIZ

Alibaba Group Holding Ltd (BABA) saw a 5.24% decline in stock price, underperforming the Software & IT Services sector, which fell by 2.11%. The drop is attributed to disappointing Q3 fiscal 2026 earnings, with significant profitability challenges despite revenue growth. Analysts have revised down EPS estimates and price targets due to aggressive investments in AI and quick commerce, leading to increased costs and compressed margins. The competitive e-commerce landscape adds to investor concerns about profitability recovery timelines. Technical indicators suggest a neutral to oversold condition for the stock.

- Alibaba Group Holding Ltd (BABA) experienced a 5.24% decline driven by disappointing third-quarter fiscal 2026 earnings.  
- The decline is attributed to significant profitability challenges due to aggressive investments in AI and quick commerce, leading to higher expenses and compressed margins.  
- Analysts have responded by lowering earnings per share estimates and price targets, amid ongoing competitive pressures and regulatory scrutiny impacting future profitability.

TradingKey

ProShares Online Retail

VanEck Retail ETF

Amplify Online Retail ETF

SPDR S&P Retail ETF

Global X E-commerce ETF

Alibaba Group Holding Ltd Stock (BABA) Moved Down by 5.24% on Mar 27: A Full Analysis

01357

89988

HBBD

BABO

Below are Dolphin Research's compiled notes from the FY2025 earnings call for $MEITU(01357.HK). For our earnings analysis, please see 'Meitu: In the AI agent era, is there a future for small, niche SaaS?'.I. Key takeaways. 1) Shareholder returns: announced a HK$300 mn buyback as management sees the shares undervalued.Maintains an approx. 40% payout ratio; with buybacks, overall cash return on operating cash flows is ~60–70%. 2) Guidance: 2026 revenue growth should be broadly in line with 2025...

Meitu (Trans): Models to Power Apps Long Term

- Huawei's new AI chip, the 950PR, has received positive feedback from major Chinese tech firms like ByteDance and Alibaba, indicating their intention to place orders.  
- The 950PR chip is designed to be more compatible with Nvidia's CUDA software system and is anticipated to ship around 750,000 units this year, with mass production set to begin next month.  
- This launch comes at a challenging time for Nvidia in China due to restrictions on its AI chips and reflects the growing demand for AI inference computing in the country.

Reuters

EXCLUSIVE-Huawei's new AI chip find favour with ByteDance, Alibaba which plan to place orders, sources say

512480

SOXX

588780

According to Reuters, ByteDance and Alibaba plan to purchase Huawei's new AI chip 950PR, which has high compatibility with NVIDIA's CUDA system and fast response speed. Huawei expects to ship about 750,000 units of the 950PR chip this year, with samples sent out in January and mass production expected to begin next month. Despite the government's encouragement to use domestic semiconductors, Huawei still finds it difficult to persuade private tech giants to adopt its flagship chip Ascend 910C

AASTOCKS

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

SPDR S&P Semicon

iShares Semiconductor ETF

Direxion Semicon Bull 3X

China Southern CSI Semiconductor Industry Custom ETF

Invesco Semiconductors ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CES Semiconductor Chip Industry ETF

VanEck Semiconductor ETF

According to reports, ByteDance and Alibaba plan to purchase Huawei's new AI chips

Alibaba Group (NYSE:BABA) shares fell 3.5% after Susquehanna downgraded its price target from $190 to $170, despite maintaining a positive rating. The stock traded as low as $124.59, with a volume decline of 27% from the average. Other analysts have mixed views, with some downgrading and others raising their targets. Institutional investors have also adjusted their positions, with 13.47% of shares held by them. The company has a market cap of $299.25 billion and a P/E ratio of 23.65.

- Alibaba Group shares fell 3.5% after Susquehanna reduced their price target from $190 to $170, although maintaining a positive rating.  
- The stock traded as low as $124.59, with a significant decline in trading volume compared to average levels, amidst multiple analyst rating adjustments.  
- Institutional investors have increased their holdings, with the company currently holding a market capitalization of $299.25 billion and various financial metrics indicating stability.

Market Beat

Alibaba Group (NYSE:BABA) Trading Down 3.5% After Analyst Downgrade

BIDU

MPNGY

03690

YINN

The NASDAQ Golden Dragon China Index closed down 2.6% in preliminary trading. Among popular Chinese stocks, PONY-W saw the biggest drop, closing down 15% preliminarily; NOAH HOLDINGS fell 13.3%; GDS-SW and XPENG both dropped 6.6%; Baidu fell 5%; NIO fell 4.1%; Alibaba fell 3.5%; BYD fell 3.1%; YUM China, Meituan, LI AUTO, and Netease fell at least over 2.6%. Atour rose 0.1%, BOSS ZHIPIN rose 1.4%, Huazhu and WERIDE both rose 1.7%

Baidu

BIDU-SW

Meituan

Noah

BOSS ZHIPIN-W

NIO-SW

BYD COMPANY

YUM China

MEITUAN

YUM CHINA

GDS-SW

NOAH HOLDINGS

LI AUTO-W

Direxion FTSE China Bull 3X

513040

513770

Down 15% in 2026, Should You Buy the Dip in Alibaba Stock?

Barchart Option

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

Down 15% in 2026, Should You Buy the Dip in Alibaba Stock?

520920

Alibaba Group Holding Ltd (BABA) saw a 3.11% decline in stock price, influenced by disappointing Q3 fiscal 2026 earnings and negative sentiment in the Chinese tech sector. Revenue fell short of estimates, and net income dropped significantly due to high investments in AI and quick commerce. Analysts have lowered price targets and ratings, reflecting concerns over margins and profitability. Broader market downturns and macroeconomic challenges in China, including competition and geopolitical tensions, further complicate Alibaba's outlook. Technical indicators suggest a neutral to oversold condition for the stock.

- Alibaba Group Holding Ltd (BABA) fell by 3.11%, significantly affected by its third-quarter fiscal 2026 earnings report showing lower revenues and declining net income, attributed to high spending on AI and quick commerce.  
- Analysts have lowered price targets and ratings on the stock due to concerns over margin pressure and competition in the Chinese tech sector, compounded by macroeconomic challenges and regulatory risks.  
- Despite growth in its cloud intelligence division, the overall profitability is threatened by rising expenses and geopolitical tensions impacting investor confidence.

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

iShares MSCI China

Yinhua MSCI China A ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Guotai MSCI China A ESG General ETF

Invesco China Tech

HSTECH ETF

Hang Seng TECH ETF I

Alibaba Group Holding Ltd Stock (BABA) Moved Down by 3.11% on Mar 26: Drivers Behind the Movement

HMTD

83690

Post-market on Mar 26 (HK), the last major player in the HSTECH 'takeout index'—$MEITUAN(03690.HK)—released its Q4 FY25 results. As the company had issued a profit warning, losses at the core local commerce segment and at the group level were already signaled, and the print broadly matched that warning.On closer look, underlying profit came in slightly below expectations. Losses in new initiatives widened, largely offsetting the savings from narrower losses in core local commerce.Specifically: 1) the savings from reduced losses were given back. Let's start with the most-watched loss item...

Meituan: Three Headwinds — Will Food Delivery Stay Down?

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159855

After leaving Alibaba, Lin Junyang published his first article detailing his understanding of large model development routes and his predictions for the next stage of AI. His judgment is embodied thinking: thinking in order to act, interacting with the environment, and continuously updating plans based on feedback from the world. (Yicai)

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Yinhua CSI Movies Theme ETF

Penghua CSI Media ETF

Guotai CSI Movies Theme ETF

ChinaAMC CSI Cultural Entertainment Media ETF

601995

TCTZF

GS-C

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.

Stheadline

CICC

Tencent Holdings Limited

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

TENCENT

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

Goldman Sachs

Tencent

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

美图公司

Conference Minutes

MEITU

BABA-WR

Alibaba HK SDR 5to1

YieldMax BABA Option Income Strategy ETF

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The AI opportunity isn&#39;t chatbots. It&#39;s the $44 trillion global labor market.Most AI companies are building a smarter search engine. Alibaba is building a workforce replacement: Agents, Apps, and Chips = automation.OpenAI is asking: &#34;What can AI answer?&#34;$Alibaba(BABA.US) is asking: &#34;What can AI do?&#34;The companies that win AI aren&#39;t going to be the ones who built the best ChatGPT. They&#39;re going to be the ones who figured out what problems actually needed solving, then solved them.@Bridge Buzz SG

OpenAI

Destiny Tech100

Financial Analysis

Meituan HK SDR 5to1

MEITUAN-WR

By far the biggest news in China overnight is the Economic Daily article titled &#34;The Takeout War is Over&#34; leading to a strong rally in $Alibaba(BABA.US) and $JD.com(JD.US)&#39;s HK shares in afternoon trading. The restaurant delivery war has weighed heavily on the bottom lines of the companies.@Bridge Buzz SG

JD-SW

JD-SWR

JD.com

JD HK SDR 10to1

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?---

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)

$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? 👇

MSALIBA@EP2609A(26253.HK)

MSALIBA@EP2609A Stock Performance Chart

The NASDAQ Golden Dragon China Index initially closed down 1.8%. Among popular Chinese concept stocks, WERIDE-W fell 9%, PONY-W fell 5.7%, KINGSOFT CLOUD fell 5.5%, BYD Company Limited fell 5.2%, NIO Inc. USD OV fell 4.4%, XPENG-W fell 3.8%, Alibaba fell 2.1%, and ZAI LAB rose 2.8%

Alibaba Group Holding Ltd Stock (BABA) Moved Down by 5.24% on Mar 27: A Full Analysis

Meitu (Trans): Models to Power Apps Long Term

EXCLUSIVE-Huawei's new AI chip find favour with ByteDance, Alibaba which plan to place orders, sources say

According to reports, ByteDance and Alibaba plan to purchase Huawei's new AI chips