HUALIHI@EC2704A

Goldman Sachs Downgrades Alibaba Health's Target Price to HKD 4.8

CLSA Downgrades Alibaba Health's Profit Forecast and Target Price

Alibaba Health and Novartis Announce Chronic Spontaneous Urticaria Digital Chronic Disease Collaboration

Alibaba CEO Wu Y 昺 Launches Enterprise AI-Native Work Platform “Wukong”

Alibaba Establishes Alibaba Token Hub to Advance AI Strategy

Alibaba DAMO Academy Develops Accurate Fatty Liver Screening AI Model

JD Health and Ali Health Strategic Divergence: JD Shifts to Heavy Asset Operations

Alibaba Health and Meiyuan Health Sign Strategic Cooperation Agreement

HSBC Raises Target Prices for JD Health and Alibaba Health

Alibaba Health Secures Systemic Licensing of People's Health Press Medical Publications

AliHealth's Medical AI Product Hydrogen Ion Reaches Content Collaboration with Chinese Medical Association

Alibaba Health's Hydrogen Ion Updates Precision Positioning Feature

Alibaba Health Pharmaceutical Chain Co., Ltd. Investigated for False Advertising

Alibaba Health Launches AI Product 'Hydroion'

Dain Biosea's Manlejing® Melatonin Granules Launched on Ali Health

Alibaba Health Partners with MeiLson for Pediatric Innovation Drug Cooperation

JPMorgan Increases Stake in Alibaba Health to 8.12%

Alibaba Health and Beijing Meiersen Announce Strategic Collaboration in Pediatric Specialty Innovative Drugs

Alibaba Health Special Shareholders' Meeting Approves Revision of Annual Cap for Marketing and Promotion Services

Huahuaic Jiangzhong Six Flavor Rehmannia Paste Launches on Ali Health

SOMERLEY CAP

SAMPLE TECH

CH FRONTIER TEC

WANJIA GROUP

CHINA FORTUNE

PINESTONE

YOUZAN

LUXXU GROUP

MAGNUSCONCORDIA

INTELLIMARK W27

00241

00728

601728

YINN

513770

KWEB

CLOU

KBAB

513040

BABX

BABO

Alibaba has launched an AI data center using its own Zhenwu AI processors, in collaboration with China Telecom. This facility can manage extensive AI workloads and reflects China's ambition to enhance domestic chip production amid U.S. export restrictions. Alibaba is investing heavily in chip design and cloud computing, aiming to accelerate AI development through a new technology council led by CEO Eddie Wu. The data center is projected to expand significantly, potentially increasing to 100,000 chips, as investors watch for growth in cloud revenue and market positioning.

GuruFocus

ALI HEALTH

CHINA TELECOM

Direxion FTSE China Bull 3X

Direxion Semicon Bull 3X

VanEck Semiconductor ETF

Hwabao CSI HK Equities Internet ETF

Tianhong CSI Computer Theme ETF

Yinhua MSCI China A ETF

Krne Csi China Internet

Invesco Golden Dragon China

Global X Cloud Computing ETF

KraneShares 2x Long BABA Daily ETF

E Fund CSI HK Connect Internet ETF

Global X Data Center & Dgtl Infrs ETF

BABA 2x Long Daily ETF - GraniteShares

iShares Semiconductor ETF

SPDR S&P Semicon

YieldMax BABA Option Income Strategy ETF

BABA-W

Alibaba

Alibaba Builds AI Data Center With Own Chips

09988

BABA

The mysterious video model HappyHorse-1.0 has landed at the top of the Artificial Analysis leaderboard, significantly outperforming products like Seedance 2.0 and sparking heated discussion. Its affiliation remains unclear, with speculation pointing to an optimized version based on daVinci-MagiHuman, or a connection to Alibaba. More importantly, open-source models are approaching the level of closed-source ones, potentially altering the industry landscape

- A new video generation model, "HappyHorse-1.0," unexpectedly topped the Video Arena rankings on the platform Artificial Analysis, achieving significantly high Elo scores without any official launch or endorsement.  
- The model, suspected to be linked to a Chinese team, showcases outstanding performance, especially in image-based video tasks, and prompts speculation about its development team, which may include affiliations with major tech companies like Alibaba or Tencent.  
- This incident highlights a shift in the industry, as the open-source model has demonstrated competitive capabilities against proprietary systems, potentially redefining market dynamics and pricing strategies.

Wallstreetcn

Mysterious "Happy Horse" Dominates Leaderboard, Crushing Seedance 2.0 – Has Video AI Changed Again?

Alibaba has released the newly upgraded Wan2.7-Video video generation model, which supports various input forms and focuses on full-link creation. Users can make local adjustments to the video through commands, supporting the addition and deletion of elements and modification of object attributes, while also allowing changes in environment and style to meet diverse editing needs

AASTOCKS

Alibaba releases Wan2.7-Video video generation model focusing on the entire creative process

03690

.HXC

MPNGY

The Nasdaq Golden Dragon China Index was initially down 0.2%. Among popular Chinese stocks, Pony.ai was initially down 3%, WeRide down 2.2%, XPeng, Yum China, and Xiaomi down more than 1%, Alibaba up 0.2%, and Meituan up 0.5%

MEITUAN

NASDAQ Golden Dragon China Index

WERIDE-W

YUM China

Meituan

Roundhill China Dragons ETF

XIAOMI-W

YUM CHINA

XPeng

Alibaba Just Revealed Its New Agentic AI Model. Should You Buy, Sell, or Hold BABA Stock Now?

Barchart Option

Guotai MSCI China A ESG General ETF

Alibaba Just Revealed Its New Agentic AI Model. Should You Buy, Sell, or Hold BABA Stock Now?

02618

09618

06618

China's market regulator has ordered major food delivery platforms, including Meituan, Taobao Shangou, and JD.com, to enhance food safety measures ahead of new regulations set to take effect in June. The State Administration for Market Regulation emphasized the need for strict compliance with safety requirements, self-inspections, and improved management of delivery processes. Food delivery riders are also encouraged to participate in safety supervision.

- China's market regulator has mandated major food delivery platforms to enhance food safety protocols before new regulations take effect in June.  
- The State Administration for Market Regulation directed Meituan, Taobao Shangou, and JD.com to adhere to stringent regulatory requirements and ensure food safety responsibilities are met.  
- Platforms are required to conduct self-inspections, tighten vetting and management processes, and encourage riders to engage in safety supervision.

Yahoo Finance

JD LOGISTICS

JD.com

JD-SW

JD HEALTH

China regulator orders food delivery giants to strengthen safety controls

China is launching a campaign to reduce AI computing costs for small and medium-sized enterprises (SMEs) amid rising prices from local providers. The Ministry of Industry and Information Technology plans to create an "inclusive computing service network" to enhance access to computing resources. This initiative includes developing data centers and flexible pricing models, as major cloud providers like Tencent, Alibaba, and Baidu have recently increased their prices due to heightened demand for AI services. Analysts attribute these price hikes to a surge in token usage, which drives up computing resource consumption.

SCMP

BIDU-SW

Baidu

Tencent Holdings Limited

Tencent

TENCENT

China moves to cut AI computing costs for SMEs as cloud prices surge

Hong Kong's Grade-A office market is recovering after a seven-year decline, driven by increased demand from mainland Chinese and multinational firms, following a significant IPO year in 2025. Major companies like JD.com and Alibaba have made substantial investments in office space. However, the recovery is uneven, with oversupply issues persisting in other areas. While Central's office prices and rents have seen slight increases, the overall market remains challenged, with a notable shift towards high-quality office spaces as demand grows from international financial institutions and Chinese firms.

- Hong Kong's Grade-A office market is stabilizing after years of decline, driven by increased demand from mainland Chinese and multinational firms due to a strong capital market.  
- Major transactions include JD.com and Alibaba acquiring significant office spaces in the Central business district.  
- Despite the recovery, challenges persist with oversupply in other areas and overall office valuations plummeting over 50% since 2019, though recent data indicate a rise in rents and a decrease in vacancy rates.

KraneShares 2x Long JD Daily ETF

Light at last for Hong Kong's Central office market after 7-year slump

TCTZF

TCEHY

Shanghai StairMed Technology Co., Ltd. has secured RMB 500 million in a strategic financing round led by Alibaba, with participation from Tencent and other investors. This funding will accelerate the development of its brain-machine interface (BMI) technology, following successful clinical implants. StairMed plans to initiate large-scale clinical trials in mid-2026 and expand its neuromodulation portfolio. The company aims to enhance human-machine interaction through collaboration with technology leaders, positioning itself as a key player in the BMI sector.

- Shanghai StairMed Technology Co., Ltd. closed a strategic financing round of RMB 500 million, led by Alibaba with continued support from stakeholders like Tencent and others, raising over RMB 1.1 billion in the past year.  
- The funding will accelerate StairMed's development of its brain-machine interface (BMI) technology, which achieved significant milestones, including China's first clinical trial of a 256-channel invasive BMI system.  
- StairMed also plans to initiate large-scale clinical trials in mid-2026 and advance its neuromodulation efforts with a new deep brain stimulation system targeting neurological disorders.

prnewswire

02:41 ETStairMed Secures RMB 500 Million Financing Led by Alibaba, Joined by Tencent

EBIZ

Alibaba Group Holding Ltd. ADR (BABA) fell 1.38% to $123.73 on Wednesday, underperforming the market despite a positive trading session where the NASDAQ rose 1.16%. The stock is currently 35.78% below its 52-week high of $192.67. Competitors like Bed Bath & Beyond, Rakuten Group, and eBay saw gains, while Alibaba's trading volume was below its 50-day average.

- Alibaba Group Holding Ltd. ADR (BABA) fell 1.38% to $123.73 on a generally positive trading day, while the NASDAQ Composite rose 1.16% and the Dow Jones increased by 0.48%.  
- The stock closed 35.78% below its 52-week high of $192.67, reached on October 2nd, and underperformed compared to competitors such as Bed Bath & Beyond and eBay.  
- Trading volume was 10.3 million, falling short of its 50-day average by 1.0 million.

MarketWatch Automated

Global X E-commerce ETF

Alibaba Group Holding Ltd. ADR Falls Wednesday, Underperforms Market

00HSI

00700

07200

Hong Kong stocks performed strongly today, with the Hang Seng Index closing up 505 points at 25,294 points, and the China Enterprises Index and Hang Seng TECH Index rising by 130 points and 106 points, respectively. Technology stocks generally rose, with Tencent, Alibaba, and Baidu all performing well. AI stock KNOWLEDGE ATLAS saw its annual net loss widen, but CICC expects significant revenue growth, leading to a 31.9% increase in its stock price. The overall market turnover reached HKD 291.421 billion

Hang Seng Index

KNOWLEDGE ATLAS

Hang Seng China Enterprises Index

DAMAI ENT

Hang Seng TECH Index

FI2 CSOP HSI

CSOP HS TECH

FI CSOP HSI

FL2 CSOP HSI

"Hong Kong Stocks" The Hang Seng Index closed up 505 points, with AI and pharmaceutical stocks dancing, while airline and metal stocks surged

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03606

Morgan Stanley released a report on the Chinese market, selecting 26 Chinese stocks with strong competitive advantages as the "best business models," including Tencent, Alibaba, and FUYAO GLASS, with most investment ratings being "overweight."

FYG;FUYAO GLASS

FUYAO GLASS

Morgan Stanley selects a list of 26 Chinese "best business model" stocks (table)

HSBA

Hong Kong's American Depositary Receipts (ADRs) saw significant gains, with major tech companies like ATMXJ rising over 2% to more than 3%. Notable increases were observed in Alibaba and Meituan. Financial stocks also performed well, with HSBC and AIA's ADRs up nearly 3%, valued at HKD 129.3 and HKD 87.3, respectively. Ping An Insurance and Hong Kong Exchanges and Clearing ADRs rose over 2%, priced at HKD 60.8 and HKD 397. Major banks, including Bank of China and Industrial and Commercial Bank of China, saw increases of nearly 1% to almost 2%.

CoinLive

HSBC Holdings Plc

Hong Kong Exchanges and Clearing (HKEX)

Direxion CSI China Internet Index Bull 2X

Fullgoal CSI 800 Banks ETF

HSBC Holdings plc ADRhedged

HSBC HOLDINGS

STOCKS | Hong Kong ADRs Show Significant Gains

$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)

HUALIHI@EC2704A(28154.HK)

HUALIHI@EC2704A Stock Performance Chart

Alibaba Builds AI Data Center With Own Chips

Mysterious "Happy Horse" Dominates Leaderboard, Crushing Seedance 2.0 – Has Video AI Changed Again?

Alibaba releases Wan2.7-Video video generation model focusing on the entire creative process

The Nasdaq Golden Dragon China Index was initially down 0.2%. Among popular Chinese stocks, Pony.ai was initially down 3%, WeRide down 2.2%, XPeng, Yum China, and Xiaomi down more than 1%, Alibaba up 0.2%, and Meituan up 0.5%

Alibaba Just Revealed Its New Agentic AI Model. Should You Buy, Sell, or Hold BABA Stock Now?