JPALIHI@EC2704A

CHK OIL

SHANDONG MOLONG

PETRO-KING

MIE HOLDINGS

D&G TECH

YUANHENG GAS

JX ENERGY

KINETIX SYSTEMS

YANCHANG PETRO

HAO WEN HLDGS

03690

09988

STECH

01810

00HSI

BABA

MPNGY

00241

KBAB

BABX

The Hang Seng Index closed at 26,059 points, down 570 points or 2.1%; the Hang Seng TECH Index reported 4,989 points, down 148 points or 2.9%. The total market turnover was HKD 357.679 billion. Major stocks such as Xiaomi Group, Meituan, and Alibaba all experienced declines, falling over 5% and 4% respectively. Stocks like Xinyi Glass, CNOOC, and PetroChina reached new highs with active trading

AASTOCKS

MEITUAN

BABA-W

Hang Seng TECH Index

XIAOMI-W

Hang Seng Index

Alibaba

Meituan

ALI HEALTH

CSEC/China Shenhua

XINYI GLASS

CHINA OILFIELD

PETROCHINA

CHINA SHENHUA

CNOOC

COSL

OOIL

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

According to the "All-Day Express," the Hang Seng Index fell by 570 points; the Hang Seng TECH Index dropped by 148 points. Xiaomi Group fell by over 5%, Meituan by over 4%, and Alibaba by over 4%. Xinyi Glass, CNOOC, PetroChina, OOIL, and China Shenhua hit new highs with active trading

Alibaba Group Holding Ltd (BABA) opened down by 3.06% on February 26, 2026, amid regulatory scrutiny and geopolitical tensions. The company faces increased oversight from the U.S. government and domestic regulators, impacting its financial outlook. Analysts have lowered profit forecasts due to concerns over AI investments and potential new U.S. tariffs. The stock shows a sell signal with a MACD value of [-1.49]. Despite a recent average price target of 198.42, investor sentiment remains cautious following missed earnings expectations and ongoing regulatory challenges.

- Alibaba Group Holding Ltd (BABA) opened down 3.06%, underperforming the Software & IT Services industry, which gained 1.08%.  
- The stock's decline is attributed to regulatory scrutiny after being placed on a U.S. government watchlist, raising geopolitical risks and compliance costs, alongside increased regulatory pressure in China impacting its operations and profitability.  
- Analyst sentiment remains cautious with recent downgrades and lowered profit forecasts amid concerns over the company's strategy in the competitive AI sector and potential new U.S. tariffs affecting its market standing.

TradingKey

Alibaba Group Holding Ltd Stock Opened Down by 3.06% on Feb 26: A Full Analysis

YINN

512480

159995

KWEB

Moore Threads Technology has announced full-stack compatibility of its MTT S5000 GPU with Alibaba Cloud's Qwen3.5-series AI models, enhancing China's tech self-reliance. This compatibility includes three new Qwen models, following Alibaba Cloud's recent release. The move highlights the competitive landscape among Chinese chip developers, as they seek to fill the gap left by Nvidia amid regulatory uncertainties. Additionally, AI start-up DeepSeek has provided early access to its V4 model for performance optimization to domestic chip designers, including Huawei. Moore Threads aims to simplify GPU development with its native programming language, easing the transition from Nvidia's platform.

南华早报

Direxion FTSE China Bull 3X

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Krne Csi China Internet

Invesco Golden Dragon China

Guotai CSI Computer Theme ETF

Moore Threads

Direxion Semicon Bull 3X

SPDR S&P Semicon

Yinhua MSCI China A ETF

iShares Semiconductor ETF

Guotai CES Semiconductor Chip Industry ETF

Guotai MSCI China A ESG General ETF

NVIDIA

Moore Threads’ flagship AI chip compatible with latest Alibaba models

EBIZ

Feb 25 (Reuters) -Baba:* BABA EMERGES FROM STEALTH WITH OVER $6.5 MILLION IN SEED FUNDING TO EXPAND MEDICARE-COVERED PATIENT ADVOCACY FOR OLDER ADULTS Source text:

Reuters

Global X E-commerce ETF

Baba Emerges From Stealth With Over $6.5 Mln In Seed Funding

513770

159998

513040

BABO

The research report from China Merchants Securities International points out that Alibaba has built a full-stack AI layout, including infrastructure, models, and product application ecosystems. The report emphasizes Alibaba's advantages in computing power infrastructure, open-source ecosystem, product ecosystem, and cloud business, forecasting a year-on-year growth rate of 42% and 28% for net profit attributable to the parent company in the fiscal years 2027 and 2028. The target price for Alibaba's U.S. stocks is maintained at $204, the target price for H shares is HKD 198, with a rating of "Buy," and it is listed as a top choice in Chinese internet

Global X Fintech

Hwabao CSI HK Equities Internet ETF

Tianhong CSI Computer Theme ETF

Comm Servcies Select Sector SPDR

E Fund CSI HK Connect Internet ETF

Yinhua CSI Movies Theme ETF

ChinaAMC CSI Cultural Entertainment Media ETF

YieldMax BABA Option Income Strategy ETF

"Large Firms" CICC: Alibaba builds a full-stack AI layout, continues to be the top choice for Chinese internet

09868

06618

03033

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 154 points to 26,745 points, and the National Index and Hang Seng Tech Index increasing by 61 points and 45 points, respectively. Technology stocks generally rebounded, with JD.com, Alibaba, and Meituan each opening 1.2% higher, while Tencent and Baidu saw slight increases. In the automotive sector, Li Auto and XPeng opened 1.5% and 2.8% higher, respectively. Financial stocks saw HSBC opening 0.4% higher, while Standard Chartered opened 1.2% lower. Real estate stocks New World Development and Cheung Kong Holdings opened lower

XPENG-W

JD HEALTH

TENCENT

JD.com

CSOP HS TECH

Dacheng Hang Seng Technology ETF(QDII)

CAM HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

The Hang Seng Index opened 168 points lower this morning, with a maximum drop of 558 points, closing at 26,560 points, down 521 points or 1.93%. The Tech Index fell 127 points or 2.36%. Tencent and Alibaba dropped 3.4% and 3%, respectively, while Meituan fell 4.8%. Pharmaceutical stocks performed weakly, with Hansoh Pharmaceutical down 6.5%. Domestic insurance stocks also showed weakness, with China Life down over 6%. All three major U.S. stock indices fell, and market risk aversion sentiment increased

- The Hang Seng Index opened 168 points lower and experienced a significant drop, reaching a low of 26,523 points before stabilizing at 26,560 points, down 521 points or 1.93%.  
- Major stocks like Tencent and Alibaba fell by 3.4% and 3%, respectively, contributing to the index's decline alongside losses in pharmaceutical stocks.  
- Despite the market's downturn influenced by geopolitical tensions and AI concerns, some AI-related companies saw gains, with shares of Zhipu and MINIMAX rising by 20% and nearly 8%.

Stheadline

Tencent

Tencent Holdings Limited

FI2 CSOP HSI

FL2 CSOP HSI

Hang Seng TECH ETF I

The Hang Seng Index fluctuated daily, dropping 521 points in half a day, Tencent fell over 3%, Zhizhu rebounded by 20%, while pharmaceutical and domestic insurance stocks were weak | Hong Kong stock market opens

Ant Group's Alipay AI Pay and AI Health App AQ each surpassed 100 million users during the 2026 Chinese New Year, reflecting a surge in AI adoption in China. Alipay AI Pay processed over 120 million transactions in a week, becoming the first AI-native payment product to reach this milestone. Meanwhile, AQ became the world's largest AI-native health app, with significant growth in third-tier cities. The app's features gained popularity among users, especially during travel, highlighting a focused AI strategy by Ant Group in specialized sectors like payments and healthcare.

MorningStar

VG Health

iShares US Pharma

iShares Global Healthcare

iShares Biotechnology ETF

Bosera Hang Seng Health Care ETF(QDII)

E Fund CSI 300 Health Care ETF

ChinaAMC SSE Health Care ETF Initiating Fund

Health Care Select Sector SPDR

ALPS Medical Breakthrough

Ant Group’s Alipay AI Pay and AI Health App AQ Each Surpass 100 Million Users During CNY as AI Adoption Accelerates in China

ARKF

Hong Kong Gold Exchange has partnered with Alibaba's subsidiary to develop a blockchain for digital commodities and an international trading platform. Announced during the New Year opening ceremony, the initiative aims to unify risk management and regulatory systems for various trading types. The project is expected to be completed within six months and will integrate into the Hong Kong Gold Central Clearing System established by the government.

CoinLive

ARK Fintech Innovation ETF

Hong Kong Gold Exchange Collaborates with Alibaba on Blockchain Development

02800

02828

The total short selling amount in the Hong Kong stock market reached HKD 39.44 billion, accounting for 29% of the trading volume of shortable stocks. The previous day was 28.2%. The five stocks with the highest short selling amounts are: CSOP HS TECH short selling ratio 64.4%, amount HKD 4.83 billion; TRACKER FUND short selling ratio 52.1%, amount HKD 4.62 billion; HSCEI ETF short selling ratio 44.5%, amount HKD 3.37 billion; Alibaba-W short selling ratio 21%, amount HKD 2.2 billion; XIAOMI-W short selling ratio 47.8%, amount HKD 1.59 billion

TRACKER FUND

HSCEI ETF

The total short selling in Hong Kong stocks for the day was HKD 39.44 billion, accounting for 29% of the turnover of shortable shares

Alibaba has launched Qwen3.5, an AI model with multimodal capabilities that can process text, images, and video simultaneously. It supports new coding standards and is compatible with popular open-source tools. Despite having fewer parameters than previous models, Alibaba claims significant optimizations in performance, cost, and speed. The model can now operate in 201 languages, reflecting its international ambitions. Positioned as a competitor to models from OpenAI and Google, Qwen3.5's development comes amid fierce competition in the AI-agent sector, highlighting the narrowing performance gap between Chinese and Western AI models.

marketscreener

Alibaba Unveils Qwen3.5, Aligning with the New Generation of AI Agents

AIYY

Moonshot AI, a Chinese artificial intelligence startup recognized for its Kimi chatbot, is aiming to double its valuation to $100 billion through a new funding round. According to NS3.AI, this follows a recent $500 million raise at a $43 billion valuation. Major investors, including Alibaba, Tencent, and 5Y Capital, have already committed over $700 million in the initial tranche. This development highlights strong investor enthusiasm for Chinese AI model companies and their growth potential.

iShares China Large Cap

YieldMax AI Option Income Strategy ETF

Direxion FTSE China Bear 3X

iShares MSCI China

Chinese AI Startup Moonshot AI Aims for $100 Billion Valuation in New Funding Round

On the stage of the CCTV Spring Festival Gala during the Year of the Horse, the technology brand "Ant Afu" made an appearance in the skit "Blood Pressure Monitor." During the Spring Festival, young people returning home taught their families to use Afu to manage health, driving the app's download volume to continue rising, topping the App Store's overall download chart for three consecutive days

Wallstreetcn

Ant Financial's Aifu appeared on the stage of the Spring Festival Gala in the Year of the Horse

On February 16, Hong Kong stocks showed mixed performance, rebounding above the 27,000 mark on Monday and closing at 26,567 on Friday, with only an 8-point increase during the week. Northbound capital will pause until next Tuesday, recording a net inflow of HKD 20.2 billion before the holiday on Friday. Meituan's profit warning affected its stock price, which may drag down Alibaba and JD.com. The Hang Seng Index cannot afford to fall below the 26,200 level; if it fails to rise above 27,000, the market outlook will be relatively bearish. The short-term trading range for Hong Kong stocks is approximately 26,000-27,000, with only a half-day market today

- On February 16, Hong Kong stocks exhibited volatile performance, closing the week with only an 8-point increase.  
- The market is expected to open slightly lower as Northbound capital pauses until next Tuesday, with investors likely to be cautious ahead of the Chinese New Year holiday.  
- Concerns over Meituan's prolonged path to profitability may pressure its stock and impact others like Alibaba and JD, with key support levels around 26200 to watch for potential declines.

JD-SW

JD LOGISTICS

China Southern Hang Seng ETF

ChinaAMC Hang Seng ETF

KraneShares 2x Long JD Daily ETF

The half-day market closes early during the Spring Festival holiday | Gu Tianhou

$XTALPI(02228.HK) Goldman Sachs launched the &#34;China AI Healthcare Index&#34; today, with Pharmaron as the top-weighted stock $ALI HEALTH(00241.HK)$JD HEALTH(06618.HK)$PA GOODDOCTOR(01833.HK)$YIDU TECH(02158.HK)$MircroPort Medbot-B(02252.HK)

JPALIHI@EC2704A(26370.HK)

According to the "All-Day Express," the Hang Seng Index fell by 570 points; the Hang Seng TECH Index dropped by 148 points. Xiaomi Group fell by over 5%, Meituan by over 4%, and Alibaba by over 4%. Xinyi Glass, CNOOC, PetroChina, OOIL, and China Shenhua hit new highs with active trading

Alibaba Group Holding Ltd Stock Opened Down by 3.06% on Feb 26: A Full Analysis

Moore Threads’ flagship AI chip compatible with latest Alibaba models

Baba Emerges From Stealth With Over $6.5 Mln In Seed Funding

"Large Firms" CICC: Alibaba builds a full-stack AI layout, continues to be the top choice for Chinese internet