BPTENCT@EC2608D

TOUYUN BIOTECH

ONE MEDIA GROUP

JINYUAN HCHEM

SINO ICT

SINGASIA HLDG

FULLSHARE

C FIN INT INV

TI CLOUD

MS CONCEPT

CHINA RISUN GP

TCTZF

00700

TCEHY

JP Morgan released a research report, believing that the market's concerns about Tencent in the field of artificial intelligence are excessive, viewing the recent valuation adjustment as a buying opportunity. The report pointed out that Tencent is the most fundamentally robust company among Chinese internet firms. Although it has not won the race for independent chatbots, it can still capture value from artificial intelligence. Morgan Stanley maintains a "buy" rating on Tencent, with a target price of 750 yuan

AASTOCKS

Tencent Holdings Limited

TENCENT

Tencent

"Big Banks" JP Morgan: Optimistic about Tencent's ecosystem monetization ability, target price 750 yuan

09988

BABA

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

BABA-W

Alibaba

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

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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

Tencent Xuanwu Lab launched HaS Anonymizer on March 11, a client-side privacy protection tool that runs entirely locally, ensuring that no privacy data is uploaded to the cloud. The main features of this tool include privacy scanning, privacy de-identification, document de-identification, image de-identification, and privacy restoration, allowing users to use Claude or GPT without worrying about compliance risks

Wallstreetcn

Tencent launches Lobster Data Security Protection Skill

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BYDDY

03690

The Nasdaq Golden Dragon China Index initially closed down 0.7%. Among popular Chinese concept stocks, Tencent fell 4%, Nio fell 3.6%, XPeng fell 3%, Meituan fell 2.4%, and PDD fell 1.8%; BYD rose 1.1%, JD rose 1.4%, XPeng rose 2.3%, and Li Auto rose 3.1%

Meituan

BYD Company

PONY-W

BYD COMPANY

XPENG-W

MEITUAN

Invesco Golden Dragon China

BYD Company Limited

JD.com

NIO-SW

09698

At the beginning of the U.S. stock market, Chinese concept stocks showed mixed performance. CSI Solar rose over 4.9%, Li Auto rose 4.6%, XPeng rose 2.8%, Daqo Energy rose 2.3%, WERIDE rose 1.9%, BYD, BEKE, and JinkoSolar rose over 1%, and Nio rose 0.8%. Meanwhile, Xiaomi, Meituan, and PDD fell by as much as 1.9%, Huazhu, Leapmotor, and TENCENT fell by up to 2.7%, Century Internet fell 3%, GDS fell 4.1%, Kingsoft Cloud fell 4.5%, and TENCENT fell 4.6%

GDS-SW

XPeng

Daqo Energy

TME-SW

Li Auto

CSI Solar

HWORLD-S

WERIDE-W

BEKE-W

MCHI

512380

03033

KWEB

Analysis of the counterattack path

- Tencent has launched the SkillHub community, optimized for Chinese users, based on the OpenClaw ecosystem, marking a significant AI push within just six days.  
- The company introduced several AI products, including a desktop assistant and local AI capabilities, aimed at enhancing user accessibility and bridging the gap in the competitive landscape dominated by rivals like ByteDance and Alibaba.  
- This rapid deployment reflects Tencent's strategic shift as it transitions from a social platform to a smart infrastructure company, harnessing its vast user base to drive innovation within the AI sector.

iShares MSCI China

Yinhua MSCI China A ETF

CSOP HS TECH

iShares China Large Cap

Krne Csi China Internet

Tencent fully launches the "Lobster Counterattack"

MSFT

Global hedge funds are heavily investing in technology stocks, despite a 4% decline in the S&P info tech index this year. Notable companies attracting hedge fund interest include Tencent, Nvidia, and Microsoft. Hedge funds have also engaged in short covering in software firms like Wise and Dropbox. Analysts express concerns about the AI sector entering a risky phase due to rising investments in infrastructure and reliance on external capital. However, projections indicate continued growth in AI investment, with major tech firms increasingly tapping debt markets for funding.

- In February, global hedge funds predominantly focused their long trades on technology stocks, despite a dip in the S&P info tech index by approximately 4% this year.  
- Major tech companies like Tencent, Nvidia, and Microsoft saw significant hedge fund investment, while short covering contributed to hedge fund activity in software firms.  
- Analysts express concerns about the current AI investment phase, noting a shift in funding strategies among major tech companies towards debt markets to support AI infrastructure.

Reuters

Dropbox

NVIDIA

Microsoft

Direxion Semicon Bull 3X

YieldMax MSFT Option Income Strategy ETF

Direxion Daily NVDA Bull 2X Shares

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CES Semiconductor Chip Industry ETF

Direxion Daily MSFT Bull 2X Shares

iShares Expanded Tech Software Sector ETF

VanEck Semiconductor ETF

Global X Cloud Computing ETF

GraniteShares 2x Long NVDA Daily ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

ISHRS S&P Glb It

Invesco Semiconductors ETF

China Southern CSI Semiconductor Industry Custom ETF

iShares Semiconductor ETF

YieldMax NVDA Option Income Strategy ETF

SPDR S&P Semicon

T-Rex 2X Long Microsoft Daily Target ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Invesco S&P 500 Equal Weight Tech ETF

Spdr Select Tech

GraniteShares 2x Long MSFT Daily ETF

T-Rex 2X Long NVIDIA Daily Target ETF

Global X Nasdaq 100 Covered Call ETF

SPDR S&P Software

Guotai CSI Computer Theme ETF

Hedge funds pour hopes into tech even as AI jitters rattle, says Hazeltree

According to the Hong Kong Stock Connect data, Tencent had a net outflow of HKD 2.435 billion, becoming the stock with the highest net outflow of funds. In comparison, CNOOC and Alibaba had net inflows of HKD 1.039 billion and HKD 698 million, respectively. Overall, the net outflow of southbound funds was HKD 0, with a total transaction amount of HKD 116.028 billion, accounting for 45.59% of the market transaction volume

Net outflow of Tencent through Hong Kong Stock Connect is HKD 2.435 billion

Supercomputing Internet launches a free event, distributing 10 million Tokens to each user, with a renewal price of 0.1 yuan per million Tokens. The platform's AI crayfish can be deployed with one click, suitable for content creation, architectural design, and daily office tasks. Users can claim benefits and start conversations through the PC client. Risk warning: Investment should be cautious, and this article does not constitute personal investment advice

- AI Xiaolongxia is now accessible through easy deployment and integration with mainstream applications, offering a two-week free experience with 10 million Tokens for users.  
- The low purchase price for additional Tokens is set at 0.1 yuan per million, with improvements allowing for immediate usability without complex setup.  
- Users are encouraged to engage with the AI for various tasks, while being reminded of the inherent investment risks and the need for personal evaluation of advice offered.

One person 10,000,000 Tokens, national supercomputing internet, please let all net shrimp friends eat for free!

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The Hang Seng Index opened higher today but fell back, closing down 61 points at 25,898 points. U.S. stocks fluctuated slightly, and bond yields changed. The stock price of Yangtze Optical Fibre once rose before retreating, while Cathay Pacific's annual dividend increased by 21.7%, leading to a 4.4% rise in its stock price. Tencent's stock price retracted by 0.3%, and other related concept stocks also experienced declines

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

Geely Auto

GEELY AUTO

CATL

The Market Review: Hang Seng Index falls, "lobster" concept stocks retreat, CATL and Geely rebound

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XIACY

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

Xiaomi Corporation

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

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%

GS-C

GS-D

GS-A

The open-source AI intelligent software OpenClaw has sparked a nationwide "lobster farming" craze in China. Philip Sun from Goldman Sachs Asia stated that the speed and enthusiasm with which Chinese people embrace AI is astonishing. Outside Tencent's headquarters in Shenzhen, nearly a thousand people lined up for installation, with participants ranging from programmers to retired engineers and housewives. Related posts received over a thousand likes, and the comments section was filled with bewildered foreign netizens: This scale is insane, right?

- An open-source AI software called OpenClaw has sparked a nationwide "lobster farming" craze in China, catching global attention.  
- Goldman Sachs salesperson Philip Sun highlighted in a sales memo that MiniMax's IPO surged 740% in two months, reflecting the rapid adoption of AI in China.  
- This trend has permeated various demographics, with events organized for diverse users, supported by government subsidies, showcasing China's unique approach to AI integration and commercialization.

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

Goldman Sachs

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

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

China's "lobster farming" is so sensational that the whole world is astonished. Goldman Sachs sales are surprised: The speed and enthusiasm of the Chinese people!

Yesterday $TENCENT(00700.HK) $Tencent(TCEHY.US) rallied sharply. It was driven not only by the public rollout of the 'Lobster' bundle — Workbuddy (a desktop AI agent workspace for office use, compatible with OpenClaw skills), QQ-bot (an IM-focused bot that connects to the OpenClaw bot), and Qclaw (one-click OpenClaw deployment with WeChat/QQ integration). A report from The Information also helped: a WeChat Agent is coming, with limited testing around mid-year and a full rollout in Q3. The WeChat Agent is not new; Tencent started the project last year, likely built on Mini Programs within the WeChat ecosystem. It appeared in Q2–Q3 channel checks and on Tencent's earnings call, but management held back from spotlighting it given lagging base models, the need to ensure UX, and compute constraints. While broadly expected, the strong market reaction stems from two factors. First, Yuanbao's setbacks in the early-year AI bot race dented sentiment. Second, the leaked timeline for WeChat Agent — unconfirmed — raised expectations; Dolphin Research expects a phased launch prioritizing UX, so actual timing may slip. Amid a proliferation of AI entry points, anchoring the AI narrative around the WeChat ecosystem reignites confidence in Tencent's AI. With earnings next week, attention is also shifting to its solid fundamentals, with meaningful runway in ads and scheduled tentpoles such as 'Honor of Kings: World' and 'Roco Kingdom'. As a result, at an Approx. RMB 4tn market cap and ~13x P/E, sentiment has started to recover. Looking to next week's print, we expect focus not only on ads and games growth in 2024 but also on Tencent's AI progress and roadmap. If, as The Information suggests, WeChat Agent proceeds smoothly and goes full scale in Q3, compute capacity and costs will come under scrutiny. Some investors will also worry about higher spend weighing on near-term profit and shareholder returns.

TENCENT-R

Yuanbao

Tencent HK SDR 10to1

Today’s Key News Recap

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

CATL HK SDR 30to1

ByteDance

NIO Inc. USD OV

NIO Inc

BABA-WR

Alibaba HK SDR 5to1

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:

Oracle

Broadcom

ESTUN

ESTUN AUTOMATION

ZHAOWEI

ALSCO POOLING

iShares Silver Tr

SPDR Gold Shares

GLD SG

Pro Ultr Silver

CNMC Goldmine

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

BPTENCT@EC2608D(27088.HK)

"Big Banks" JP Morgan: Optimistic about Tencent's ecosystem monetization ability, target price 750 yuan

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

Tencent launches Lobster Data Security Protection Skill

The Nasdaq Golden Dragon China Index initially closed down 0.7%. Among popular Chinese concept stocks, Tencent fell 4%, Nio fell 3.6%, XPeng fell 3%, Meituan fell 2.4%, and PDD fell 1.8%; BYD rose 1.1%, JD rose 1.4%, XPeng rose 2.3%, and Li Auto rose 3.1%