Hwabao CSI HK Equities Internet ETF

Alibaba's Joe Tsai and Eddie Wu Letter: AI Business Enters Commercialization, Projecting 30 Billion Annual Revenue

FactSet Survey Shows Analysts Raise BEKE 2026 EPS Estimate to $0.92

BOCOM International Cuts Xiaomi Target Price to 34.8 HKD, Expects Q1 Adjusted Net Profit to Drop 6% QoQ

Alibaba Cloud Announces Full Openness of Bailian Platform, Integrating Multiple Large Models Including GLM-5.1

Fairtree Cuts Alibaba Stake by 57.7%, Other Investors Increase Holdings

StepFun and Kingdee Reach Strategic Cooperation to Explore Next-Gen Agent Enterprise Products

Alibaba Cloud Opens Bailian Platform and Launches New Models with Moonshot and Minimax

Alibaba Dissolves Miaoya AI App Team, Focuses on E-commerce AI Strategy

Xiaomi-controlled company fined 1.67 million yuan for anti-money laundering violations

Alibaba Cloud Launches Qwen Cloud AI Agent Service Model

Alibaba Cloud Unveils New AI Model Qwen3.7-Max and AI Chip Zhenwu M890

Taobao Tmall Launches 2026 Hong Kong 618, Introduces Next-Day Delivery and Return Services

Alibaba Cloud Launches Qwen3.7-MaX with Significant Performance Boosts

Fliggy Launches Hotel Merchant AI Assistant, Over 110k Hotels Join with 70% Efficiency Boost

Alibaba Cloud Launches 'Qwen Cloud', a New Service Platform Designed for AI Agents

Alibaba Unveils 128-GPU AI Server Based on Zhenwu M890

National subsidies increase for Tmall 618, adding 22 new categories

513770

159998

Alibaba Group has launched a range of AI products, including the Qwen3.7-Max language model and Zhenwu M890 AI chip, aiming to establish itself as China's leading AI factory. The Qwen3.7-Max model excels in complex tasks and can operate autonomously for 35 hours. The Zhenwu M890 chip offers three times the performance of its predecessor, enhancing AI workloads. Alibaba's advancements position it competitively against both domestic and international AI models, despite not open-sourcing its flagship model.

SCMP

Tianhong CSI Computer Theme ETF

Alibaba

BABA-W

Alphabet

Alphabet - C

OpenAI

NVIDIA

BABA-WR

Alibaba HK SDR 5to1

NVIDIA Corporation

Alibaba unveils new Qwen model, custom chips in bid to become China’s AI factory

513040

588200

BABX

KBAB

On May 19th, the A-share market experienced a major reversal, with the Shanghai Composite Index rising 0.92% to 4,169.54 points, and the chip and semiconductor sectors performing strongly. Hwabao SSE STAR Artificial Intelligence ETF and SSE STAR Chip ETF rose by 4.21% and 3.82%, respectively. The power ETF reached a historical high, and the Hong Kong stock internet ETF also rebounded, with Tencent Holdings rising over 4%. Multiple institutions are optimistic about the Hong Kong stock internet sector capitalizing on AI diffusion opportunities, as Alibaba and Tencent are transforming into "AI + Cloud" technology platforms

同壁财经

E Fund CSI HK Connect Internet ETF

Harvest SSE STAR Chip ETF

BABA 2x Long Daily ETF - GraniteShares

iShares Semiconductor ETF

Hwabao WP CSI All Share Electric Utilities ETF

Hwabao WP SSE STAR Artificial Intelligence ETF

Direxion Semicon Bull 3X

VanEck Semiconductor ETF

KraneShares 2x Long BABA Daily ETF

Guotai CSI Hong Kong Connect Internet ETF

Hwabao WP SSE STAR Chip ETF

Hwabao WP SZSE ChiNext Artificial Intelligence ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

CICC

Dongxing Securities Co., Ltd.

Cinda Securities

TENCENT

Tencent

VeriSilicon

Amlogic

Cambricon

Kingsoft Office

FULING POWER

HCIG Energy

JXGNCL

Guangxi Energy

Linyang Energy

HNMD

ZZEPC

JSNE

Datang Power

DATANG POWER

GDPD

MEITUAN

Hwabao WP HK Connect Hang Seng China (Hong Kong-listed) 30 ETF

BOCIC

INDUSTRIAL SECURITIES

中证农业

YNHC

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Explosive! The STAR Artificial Intelligence and STAR Chip sectors have surged in a reversal, the "dark side of light" has erupted, and Hwabao Fund's Electric Utilities ETF closed at a new high! Hong Kong's internet sector is brewing a turnaround

09626

159805

516190

517770

516620

512980

Yesterday, BILIBILI-W's stock price plummeted by 8.08%, closing at HKD 153.5. After gapping down from yesterday's close of HKD 167.0, it continued to weaken, hitting a low of HKD 151.5 during the session. The MACD daily line has established a bearish signal, with the momentum bars rapidly expanding downward, which typically indicates that the phase of decline is accelerating and bullish forces are fully retreating. The trading volume reached approximately HKD 1.716 billion, characteristic of a typical volume-driven sell-off, with panic selling clearly emerging. On the news front, Chinese concept stocks collectively faced a heavy setback. U.S. pre-market trading saw a broad decline in Chinese concept stocks, with BILIBILI's U.S. shares dropping about 3% and Alibaba plummeting by 4%. The global financial market experienced a "Black Friday," as inflation fears crushed the tech stock rally, with the U.S. 30-year Treasury yield breaking 5%, leading to a sharp decline in risk appetite. Alibaba's earnings report showed a 99% drop in net profit, raising concerns about the profitability quality of Chinese concept stocks across the entire sector

- On May 17, Bilibili-W's stock price fell sharply by 8.08%, closing at 153.5 HKD after opening lower at 167.0 HKD and hitting a low of 151.5 HKD during the day.  
- The MACD daily signals indicated a strengthening bearish trend, with trading volume reaching approximately 1.716 billion HKD, reflecting widespread panic selling amid a broader downturn in Chinese stocks.  
- Concerns about the earnings quality of Chinese companies were heightened after Alibaba reported a 99% drop in net profit, contributing to a significant decline in the tech sector and a sharp drop in risk appetite globally.

Technical Forecast

BILIBILI-W

Penghua CSI Media ETF

ChinaAMC CSI Cultural Entertainment Media ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Guotai CSI Movies Theme ETF

GF Fund CSI Media ETF

Bilibili

Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?

BABA

YINN

KWEB

EBIZ

AI-related product revenue reached about $1.322 billion in Q4, marking 11th straight quarters of triple-digit year-over-year growth, the company reported.

digitalcommerce360

Direxion FTSE China Bull 3X

Krne Csi China Internet

Global X E-commerce ETF

AI growth drives Alibaba Q4 revenue, even as international ecommerce segment struggles to break even

Alibaba Group Holding reported its first quarterly revenue for AI-related products, achieving triple-digit growth for the 11th consecutive quarter. AI revenue reached 8.97 billion yuan (US$1.32 billion), contributing to a 3% overall revenue increase to 243.4 billion yuan (US$35.3 billion). The cloud-computing unit saw a 38% year-on-year growth. Net income surged 105% to 25.5 billion yuan, while adjusted Ebita fell 84% to 5.1 billion yuan. The company announced a cash dividend of US$0.13 per share for the 2026 financial year, reflecting its strategy to enhance AI capabilities and capitalize on the token economy.

SUNART RETAIL

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle

159621

512380

Alibaba says AI revenue is accelerating but gives an unclear picture on profit.

Guotai MSCI China A ESG General ETF

VanEck Retail ETF

Yinhua MSCI China A ETF

Global X Cloud Computing ETF

ProShares Online Retail

Amplify Online Retail ETF

SPDR S&P Retail ETF

Invesco Golden Dragon China

Alibaba’s big AI bet isn’t paying off yet and the stock is suffering

Alibaba Group Holding Ltd. reported Q4 2026 results with revenue of $35.28 billion, up 3% year-over-year, but adjusted earnings fell sharply to 9 cents per share, missing expectations. The decline in earnings was attributed to significant investments in AI and e-commerce expansion. The Cloud Intelligence Group saw a 38% revenue increase, driven by AI demand. Despite strong revenue growth, shares fell 3.06% to $130.66 in premarket trading as the company navigates its costly AI push and mixed financial performance.

benzinga_article

Alibaba Cloud Growth Explodes, But Earnings Evaporate In Costly AI Push

09988

Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results | BABA Stock News

StockTitan

Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results | BABA Stock News

Alibaba Group Holding Ltd. ADR (BABA) fell 1.97% to $137.30, marking its third consecutive day of losses, despite a positive trading session for the stock market. The ADR is currently 28.74% below its 52-week high of $192.67. In comparison, competitors had mixed results: Bed Bath & Beyond Inc. dropped 7.55%, while Rakuten Group Inc. and eBay Inc. saw slight increases. Trading volume was 9.8 million, below the 50-day average of 10.9 million.

- Alibaba Group Holding Ltd. ADR (BABA) fell 1.97% to $137.30 on a day when the NASDAQ Composite Index rose 0.10%.  
- The ADR has experienced three consecutive days of losses and is currently 28.74% below its 52-week high of $192.67.  
- Trading volume was 9.8 million, which is 1.1 million below its 50-day average volume of 10.9 million.

MarketWatch Automated

NASDAQ Composite Index

Dow Jones Industrial Average

Bed Bath & Beyond, Inc.

Lotte Group

eBay

BED BATH BEYOND INC C/WTS (TO PUR COM) 07/10/2026

Bed Bath & Beyond - CW26

Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day

G Sachs anticipates mixed 1Q results for major China internet stocks, including TENCENT and BABA-W, with key themes of steady revenue growth, increased AI capital expenditure, and margin pressure on profitability. The firm expects earnings growth to re-accelerate in 2Q and 2H, influenced by US hyperscalers. G Sachs maintains its top pick in "cloud computing and data centers," followed by "e-commerce and mobility," and "gaming and entertainment."

AASTOCKS News

iShares US Digital Infrastructure and Real Estate ETF

Global X Data Center & Dgtl Infrs ETF

iShares MSCI China

Goldman Sachs

GDS-SW

Vnet

Kingsoft Cloud

KINGSOFT CLOUD

GS Hldg R

G Sachs Expects Mixed 1Q Results for Major China Internet Stocks; Maintains Cloud Computing & Data Centers as Top Pick

Hwabao CSI HK Equities Internet ETF(513770.SH)

Alibaba unveils new Qwen model, custom chips in bid to become China’s AI factory

Explosive! The STAR Artificial Intelligence and STAR Chip sectors have surged in a reversal, the "dark side of light" has erupted, and Hwabao Fund's Electric Utilities ETF closed at a new high! Hong Kong's internet sector is brewing a turnaround

Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?

AI growth drives Alibaba Q4 revenue, even as international ecommerce segment struggles to break even

Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle

Alibaba’s big AI bet isn’t paying off yet and the stock is suffering

Alibaba Cloud Growth Explodes, But Earnings Evaporate In Costly AI Push

Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results | BABA Stock News

Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day

G Sachs Expects Mixed 1Q Results for Major China Internet Stocks; Maintains Cloud Computing & Data Centers as Top Pick