BIALIBA@EP2609B

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

SINO ICT

SINGASIA HLDG

FULLSHARE

C FIN INT INV

TI CLOUD

MS CONCEPT

CHINA RISUN GP

TCEHY

09988

TCTZF

BABA

00700

KBAB

159998

513040

BABO

BABX

Morgan Stanley upgraded Alibaba to a preferred stock, replacing Tencent. The bank believes that Alibaba has a complete AI technology stack, including self-developed chips, which significantly enhances its chances of becoming an AI winner. Although short-term profitability faces pressure, Alibaba's advantages in cloud infrastructure and applications provide it with structural advantages. Tencent, on the other hand, has become a follower due to the advantages of the WeChat ecosystem

AASTOCKS

Tencent

BABA-W

Tencent Holdings Limited

Alibaba

TENCENT

KraneShares 2x Long BABA Daily ETF

Tianhong CSI Computer Theme ETF

E Fund CSI HK Connect Internet ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Morgan Stanley: Alibaba replaces Tencent as the top pick stock, mastering the complete AI technology stack through self-developed chips

00883

09618

03896

02015

02208

03858

On March 12, the three major indices of the Hong Kong stock market consolidated at high levels, with the Hang Seng Index, Technology Index, and National Enterprises Index all experiencing slight pullbacks, indicating a weakening of the previously strong momentum. The oil and gas exploration sector performed strongly due to increased energy demand, with CNOOC rising 4.7% against the trend. The internet and retail sectors showed mixed performance, with Tencent Holdings and Alibaba facing slight pressure. Overall market trading was active, with funds focusing on energy and semiconductor stocks, while sentiment became cautious ahead of the upcoming macroeconomic indicators

- On March 12, Hong Kong's stock indices are experiencing slight declines, with the Hang Seng Index at 25,709.1, down 0.73%.  
- The oil and gas exploration sector leads gains due to increased energy demand, while the internet and retail sectors show mixed performance amid cautious investor sentiment.  
- Key economic indicators such as forex reserves and retail sales are under scrutiny as the global macroeconomic environment influences market risk appetite.

Market Heartbeat

CNOOC

JD-SW

KINGSOFT CLOUD

LI AUTO-W

GOLDWIND

JIAXIN INTL RES

Hong Kong stock market intraday | The Hang Seng Index fell 0.73%, with the oil and gas sector leading the gains, CNOOC rose 4.7% against the trend

ONLN

EBIZ

KWEB

IBUY

Alibaba (BABA) is set to report earnings on March 19, focusing on its AI initiatives amid leadership changes, including the departure of key figures from its Qwen AI model. CEO Eddie Wu has formed a new task force to emphasize AI's importance. Despite these challenges, Qwen's user base surged from 31 million to 203 million in February, and AI tools are being integrated into services like Taobao and Alipay. Analysts predict earnings of $1.72 per share and revenue of $41.96 billion, an 8% increase year-over-year.

- Alibaba is set to report fiscal third-quarter earnings on March 19, focusing on its AI initiatives as it seeks growth beyond e-commerce.  
- The company faces leadership challenges following the departure of key figures in its AI division but has established a new task force to emphasize its commitment to AI.  
- Despite the turmoil, the Qwen app has seen significant user growth, with projections for earnings of $1.72 per share and revenue of approximately $41.96 billion, an 8% increase from the previous year.

Tip Ranks

ProShares Online Retail

Global X E-commerce ETF

SPDR S&P Retail ETF

Krne Csi China Internet

Amplify Online Retail ETF

Alibaba (BABA) Faces AI Leadership Shakeup Ahead of Earnings. Can Qwen's Growth Drive the Stock?

DingTalk customer service stated today that enterprise customers are not advised to use OpenClaw directly in the office environment without professional security measures. Although customer service provided access technical documentation and allowed developers to call DingTalk API services for free, it still clearly advises against using OpenClaw on work computers due to security risks

Wallstreetcn

DingTalk customer service: It is not recommended for enterprise customers to use OpenClaw directly in office scenarios

01810

03690

XIACY

MPNGY

02828

The total short selling amount in the Hong Kong stock market reached HKD 37.56 billion, accounting for 21.6% of the turnover of shortable stocks. The main shorted stocks include Tencent, Alibaba, Xiaomi Corporation, Meituan, and HSCEI ETF, with short selling ratios of 20.9%, 19.7%, 35.6%, 50.9%, and 18.2% respectively

XIAOMI-W

MEITUAN

Xiaomi Corporation

Meituan

HSCEI ETF

The total short selling in Hong Kong stocks for the day was HKD 37.56 billion, accounting for 21.6% of the turnover of shortable shares

06869

02600

09660

02382

03993

09888

The three major indices of the Hong Kong stock market slightly adjusted today, with the Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index failing to continue reaching new highs during this phase, as the market oscillated around previous highs. The internet and telecommunications sectors showed mixed performance, with Tencent Holdings and Alibaba experiencing slight declines, while Changfei Fiber Optics fell 7.23%, leading the decline among popular stocks. Shandong Molong and CATL strengthened against the trend, with overall trading activity being active, as market sentiment leaned towards caution during the intermittent macro data period

- Today's Hong Kong stock market saw slight declines with cautious sentiment, as the Hang Seng Index closed at 25,898.76, down 0.24%.  
- Key sectors experienced mixed performances, with notable declines in retail stocks like Meituan, which fell 2.15%.  
- Shandong Molong surged 17.29%, becoming a focal point for market interest despite overall profitability concerns in sectors like communication equipment.

YOFC

CHALCO

HORIZONROBOT-W

SUNNY OPTICAL

CMOC

KUAISHOU-W

BIDU-SW

NANJING PANDA

SHANDONG MOLONG

QUANTGROUP

Hong Kong stock market closing | Hang Seng Index down 0.24%, high-level consolidation, Shandong Molong surged 17.29%

On March 11th, during the Hong Kong stock market session, major indices showed a high-level consolidation trend, with the Hang Seng Index slightly down by 0.02% while the State-owned Enterprises Index rose slightly. Overall market sentiment leaned towards caution, with funds showing a clear wait-and-see attitude at the current high levels. In terms of sectors, the internet content, telecommunications, and retail sectors experienced significant volatility. Among individual stocks, Geely Auto and CATL stood out with strong performances, while stocks like Changfei Fiber saw notable declines, with Tencent Holdings leading in trading volume

- As of March 11, Hong Kong's main indices are consolidating at high levels with mixed performance; the Hang Seng Index is at 25,953.48, down 0.02%.  
- Market sentiment is currently neutral and cautious, with investors observing for potential breakthroughs above recent highs, while individual sectors, like internet content and retail, are experiencing volatility.  
- Key economic indicators, including Hong Kong's forex reserves and retail data, are essential for guiding investor sentiment amidst increasing market uncertainty.

CATL

GEELY AUTO

Geely Auto

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Hong Kong stock market intraday | Hang Seng Index consolidates narrowly, Geely rises 8%, CATL rises 7%

The short selling amount in the Hong Kong stock market reached HKD 20.36 billion in half a day, accounting for 21.4% of the total trading volume of HKD 95.31 billion for shortable stocks. The top five stocks by short selling amount include Tencent Holdings with a short selling ratio of 23.8% and a short selling amount of HKD 3.76 billion; Alibaba-W with a short selling ratio of 22.9% and a short selling amount of HKD 940 million; Xiaomi Group-W with a short selling ratio of 38.4% and a short selling amount of HKD 750 million; Meituan-W with a short selling ratio of 59.7% and a short selling amount of HKD 720 million; and HSCEI ETF with a short selling ratio of 22.1% and a short selling amount of HKD 660 million

The short selling in Hong Kong stocks for half a day amounted to HKD 20.36 billion, accounting for 21.4% of the total turnover of shortable stocks

The search popularity for OpenClaw-related products and services on Xianyu has surged, with search volume on March 10 skyrocketing by 1850% compared to March 5, and transaction volume also significantly increased. Related products include OpenClaw tutorials, deployment guides, equipment rentals, etc., with prices ranging from dozens to hundreds of yuan

Xianyu "small lobster" search skyrocketed by 1850%

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As of noon on March 11, the three major Hong Kong stock indices collectively rose slightly, with the Hang Seng TECH Index leading with a 0.26% increase. The internet content sector remained stable, with leading company Tencent Holdings rising 0.45%; the communication equipment sector faced pressure, with Changfei Optical Fiber dropping 3.90%. The market overall oscillated and consolidated below previous highs, with NEWBORNTOWN performing strongly, rising over 13%, and capital flows still dominated by heavyweight stocks

- As of midday on March 11, Hong Kong's three main indices showed slight gains, indicating stable market sentiment, with the Hang Seng Index at 25,981.42, up 0.08%.  
- The technology sector saw limited movements, while communication equipment struggled, led by a significant decline in related stocks, reflecting profit-taking pressure.  
- Investors remain cautious amidst economic recovery concerns, closely monitoring macro data, suggesting the necessity to watch key economic indicators for potential systemic risks.

NEWBORNTOWN

ZHAOJIN MINING

GIGADEVICE

Tianhong Hang Seng TECH ETF(QDII)

FL2 CSOP HSI

CAM HS TECH

FI CSOP HSI

Hang Seng TECH ETF I

Dacheng Hang Seng Technology ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

HSTECH ETF

CSOP HS TECH

FI2 CSOP HSI

Hang Seng TECH Index

Hong Kong Stock Midday Review | Hang Seng Index up 0.26%, Tencent leads, Newborntown surges 13%

89988

On March 10, Eastern Time, Alibaba options saw a total of 200492 contracts traded, with calls accounting for 71% and puts making up 28%.

LB Option

BABA-WR

Trending | BABA Increases 3% on Tuesday, Some Call options Soar 2000%

00763

03330

06693

09926

The three major indices of the Hong Kong stock market strengthened collectively during the session, with the Hang Seng TECH Index rising by 0.92%, outperforming others. The internet content and information sector led the market, with Tencent Holdings rising by 1.81% and trading volume exceeding HKD 14 billion, ranking first. Overall market sentiment is relatively stable, but it is still in a confirmation period near previous highs, with clear signs of sector differentiation, as funds continue to flow towards leading internet companies and some new energy blue chips

- On March 11, during the trading session, Hong Kong's stock indices showed mixed strength, with the Hang Seng Index up 0.33% at 26,046 points.  
- The internet content sector led gains, driven by recovering demand, while the telecommunications equipment sector exhibited mixed performance.  
- Investors are closely monitoring macroeconomic indicators such as forex reserves and PMI, which continue to influence market sentiment amid fluctuations in retail and export data.

LINGBAO GOLD

CHIFENG GOLD

AKESO

GX HS TECH

ISHARESHSTECH

Hong Kong stocks intraday | The Tech Index rose 0.92%, with the internet sector leading the gains as Tencent climbed

09866

03037

159920

The Hong Kong stock market opened higher in the morning session, driven by Tencent, with the Hang Seng Index opening up 152 points at 26,112 points. Tencent opened up 4.4%, and Baidu opened up 1.8%. Nio recorded quarterly profits for the first time, with its stock price opening up 15%. Other tech stocks such as Alibaba, Kuaishou, and Meituan also opened higher to varying degrees, while financial stocks like HSBC opened lower. Overall, the market showed volatility due to the impact of the war between the United States and Israel against Iran

NIO-SW

CSOP HSI ETF

ChinaAMC Hang Seng ETF

Hang Seng Composite Index

TRACKER FUND

Harvest Hang Seng SCHK Technology ETF

ChinaAMC Shanghai-Hong Kong Tong Hang Seng ETF

China Southern Hang Seng ETF

E Fund Hang Seng ETF(QDII)

Yinhua MSCI China A ETF

Baidu

Hwabao WP CSI Intelligent Electric Vehicle ETF

FI2CAMNDQ100

"Hong Kong Stocks" The Hang Seng Index opened high at 152 points, Tencent continued to rise, Nio bounced 15%

Recently, internet giants such as Alibaba, Tencent, and ByteDance have launched their spring recruitment, with a significant increase in demand and salaries for AI positions. Chen Changsheng, deputy director of the State Council Research Office, pointed out that the supply-demand ratio for AI recruitment positions has reached 3.5:1, indicating a severe talent gap. The report "Social Recruitment Insights - Mid to High-End Talent Job Seeking and Recruitment Insights for January-February 2026" shows that the number of AI positions has increased approximately 12 times year-on-year, becoming the core competition track for talent in the spring recruitment

Major internet companies have launched their spring recruitment, with a significant increase in the proportion of AI positions

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Trade Showcase

$Alibaba(BABA.US)&#39;s AI initiatives, including cloud acceleration and chatbot-driven commerce, act as key catalysts for 2026 valuation re-rating, prioritizing narrative momentum over earnings volatility.Its full-stack AI ecosystem—spanning models, cloud infrastructure, and e-commerce integration—creates a self-reinforcing flywheel, as echoed in thread replies highlighting China&#39;s rapid adoption of tools like OpenClaw.Amid global AI hype, this bullish call contrasts with historical US-China tensions, potentially signaling renewed investor tolerance for $Alibaba(BABA.US)&#39;s long-term agentic commerce potential despite near-term risks.@Bridge Buzz SG

Alibaba HK SDR 5to1

Today’s Key News Recap

0310 | Dolphin Research Focus: 🐬 Macro/Industry1) On Mar 9 (local time), Trump said US military action against Iran would end 'very soon' but not this week. He also indicated the US would ease some oil-related sanctions to cool prices, while warning of tougher strikes if Iran blocks the strait.The remarks briefly soothed energy and financial markets, capping near-term upside in crude. They tempered expectations for a sharp oil spike in the short run.However, the conflict continues and Tehran has issued a hard-line response. Geopolitical risk has not cleared...

NVIDIA

Taiwan Semiconductor

CATL HK SDR 30to1

NIO Inc. USD OV

NIO Inc

Oracle

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

TSM Feb revenue down MoM; Alibaba Qwen management reshuffle finalized | Daily News Recap

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0309 | Dolphin Research Focus: 🐬 Macro/Industry 1) Middle East tensions escalated, sending Brent intraday close to $120/bbl. Nasdaq futures fell 2.32%, while VIX futures rose 7.28%.G7 finance ministers were set to hold an emergency meeting at 20:30 BJT on Mon, aiming to coordinate with the IEA to release oil reserves to steady prices. After the headlines, crude pulled back quickly.The move can cap prices in the short run and help stabilize risk sentiment. However, drawdowns are only a stopgap. If the conflict drags on, supply risks persist and energy and tech could see choppy swings...

Landmark Bancorp

TENCENT-R

ByteDance

Tencent HK SDR 10to1

XPENG-W

XPeng

Global Mkts Roiled by Oil Spike; Tencent's 'Little Lobster' Wildcard Debuts | Daily News Recap

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The market is plunging as the fighting escalates in the war and oil supply is affected. I really hope the situation will improve soon.

A pivotal Friday unfolds as geopolitical tensions take a new turn, AI chip controls tighten globally, and markets brace for key jobs data. Here's your essential briefing:

Broadcom

ESTUN

ESTUN AUTOMATION

ZHAOWEI

ALSCO POOLING

iShares Silver Tr

SPDR Gold Shares

🔥 Market Flash: Iran Denies Strait Closure, Chip Controls Expand, Jobs Data Ahead | Mar 6, 2026

BIALIBA@EP2609B(27080.HK)

Morgan Stanley: Alibaba replaces Tencent as the top pick stock, mastering the complete AI technology stack through self-developed chips

Hong Kong stock market intraday | The Hang Seng Index fell 0.73%, with the oil and gas sector leading the gains, CNOOC rose 4.7% against the trend

Alibaba (BABA) Faces AI Leadership Shakeup Ahead of Earnings. Can Qwen's Growth Drive the Stock?

DingTalk customer service: It is not recommended for enterprise customers to use OpenClaw directly in office scenarios

The total short selling in Hong Kong stocks for the day was HKD 37.56 billion, accounting for 21.6% of the turnover of shortable shares