JP#TENCTRP2809N

ONE MEDIA GROUP

TOUYUN BIOTECH

C FIN INT INV

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JINYUAN HCHEM

FINET GROUP

JTF INTL

KO YO GROUP

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China is rapidly adopting the open-source AI tool OpenClaw, surpassing U.S. usage. Major tech firms like Tencent and startups are launching AI products based on OpenClaw, which can perform tasks autonomously. The trend is boosting demand for Chinese AI models, which are becoming more competitive in pricing. Companies are simplifying installation processes to attract users, with events and support services being organized. This surge in interest is reshaping how Chinese consumers engage with AI technology.

- China is rapidly adopting OpenClaw, an open-source AI assistant, with tech companies and local governments promoting its use.  
- The tool enables digital assistants to perform autonomous tasks, and its popularity has risen significantly, surpassing usage in the U.S.  
- Local governments are incentivizing development around OpenClaw despite security warnings, and the tool has gained recognition on platforms like GitHub, reflecting a growing demand for personal AI assistants in China.

CNBC

iShares MSCI China

Direxion FTSE China Bull 3X

Krne Csi China Internet

Tencent

Direxion CSI China Internet Index Bull 2X

Tianhong CSI Computer Theme ETF

TENCENT

Yinhua MSCI China A ETF

Tencent Holdings Limited

Lobster buffet: China’s tech firms feast on OpenClaw as companies race to deploy AI agents

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The total short selling amount in the Hong Kong stock market reached HKD 46.87 billion, accounting for 30.5% of the tradable shortable shares. The previous day was 17.2%. Major shorted stocks include TRACKER FUND with a short selling ratio of 77.3% and a short selling amount of HKD 8.64 billion; CSOP HS TECH with a short selling ratio of 51.4% and a short selling amount of HKD 1.88 billion; Tencent with a short selling ratio of 22.3% and a short selling amount of HKD 1.77 billion; Alibaba-W with a short selling ratio of 27.5% and a short selling amount of HKD 1.58 billion; and HSCEI ETF with a short selling ratio of 31.3% and a short selling amount of HKD 1.36 billion

AASTOCKS

BABA-W

Alibaba

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CSOP HS TECH

TRACKER FUND

The total short selling in the Hong Kong stock market for the day was HKD 46.87 billion, accounting for 30.5% of the turnover of shortable stocks

OpenClaw's founder, Peter Steinberger, accused Tencent of copying the open-source AI framework, citing complaints about traffic issues. Tencent responded, stating that its SkillHub platform supports OpenClaw by reducing server strain and providing localized access. Tencent also introduced WorkBuddy, an enterprise assistant compatible with OpenClaw. Despite the controversy, Tencent's stock has seen recent gains, currently at HK $546, down 3% from a recent high.

- OpenClaw, an open-source AI agent framework, is gaining popularity, leading to the emergence of compatible products like Tencent's SkillHub, aimed at aiding agent developers.  
- OpenClaw's founder, Peter Steinberger, criticized Tencent for allegedly copying the project without support, while Tencent refuted claims, stating that SkillHub reduces traffic strain on OpenClaw's servers and is backed by its contributors.  
- Additionally, Tencent launched WorkBuddy, an enterprise assistant compatible with OpenClaw, contributing to a recent uptick in Tencent Holdings' stock amidst AI-agent development optimism.

TradingKey

OpenClaw Founder Accuses Tencent of “Copying,” Company Responds Citing Support for the Ecosystem

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UBS released a report listing the most favored simulated portfolio stocks by Chinese investors, all of which received a "Buy" rating. Newly included stocks are JD.com-SW and Baidu-SW, while Alibaba has been removed. The target prices are as follows: CATL 500 RMB, Fuyao Glass 96 HKD, Huatai Securities 30.49 RMB, Zijin Mining 47.4 HKD, NAURA 570 RMB, Tencent 780 HKD, Yutong Bus 40 RMB, GDS Holdings 60 USD, Sytech 75 RMB, Dongfang Electric 53.5 HKD, Envicool 160 RMB, JD.com-SW 187 HKD, Baidu-SW 175 HKD

Yinhua CSI All Share Investment Banking & Brokerage ETF

ZIJIN GOLD INTL

NAURA

KraneShares 2x Long BABA Daily ETF

Envicool

KraneShares 2x Long JD Daily ETF

Sytech

CATL

Baidu

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Invesco Golden Dragon China

JD.com

Hwabao CSI HK Equities Internet ETF

WP CSI Banks ETF

E Fund CSI HK Connect Internet ETF

BABA 2x Long Daily ETF - GraniteShares

Guotai CSI All Share Investment Banking & Brokerage ETF

E Fund CSI 300 Financials (ex Banks) ETF

JD HEALTH

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

UBS lists the most favored simulated portfolio stocks of Chinese companies (Table)

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On March 12th, the Hong Kong stock market closed with all three major indices collectively retreating into a consolidation phase, with the Hang Seng Index down 0.70%. The system software sector was dragged down by significant declines in Zhipu and Dipu Technology, showing weak performance. Market turnover remained high, with Tencent, Alibaba, and CNOOC leading in trading volume. Baidu's release of the "Red Hand Operator" has attracted market attention

- On March 12, Hong Kong's stock market experienced a collective pullback with cautious sentiment prevailing.  
- The Hang Seng Index closed at 25,716.76, down 0.70%, while the Hang Seng Tech Index fell 0.54%, both failing to reach new highs.  
- Overall, the market's adjustments are limited, with structural opportunities still present despite a defensive approach in the absence of new growth points.

Market Heartbeat

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HUA HONG SEMI

SMIC

BIDU-SW

LAOPU GOLD

BANK OF CHINA

LI AUTO-W

Hong Kong Stock Market Closing | Hang Seng Index fell 0.70%, system software plummeted, Tencent and Alibaba had the highest trading volumes

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The Hang Seng Index closed at 25,716 points, down 182 points or 0.7%; the Hang Seng Tech Index reported 5,027 points, down 27 points or 0.5%. The total market turnover was HKD 242.18 billion. Among the actively traded blue-chip stocks, Alibaba, Tencent, Meituan, and Xiaomi all saw declines. CSPC Pharma fell over 4%, while CNOOC, Shenhua, and CHINA RISUN GP reached new highs with strong trading volume

CHINA RISUN GP

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CNOOC

QINGSONG HEALTH

XIAOMI-W

The Hang Seng Index closed at 25,716 points, down 182 points; the Hang Seng Tech Index closed at 5,027 points, down 27 points. CSPC PHARMA fell over 4%, while CNOOC, Shenhua, CHINA RISUN GP, QINGSONG HEALTH, and Health 160 reached new highs with active trading

The AI-native desktop intelligent agent WorkBuddy (Tencent's version of Xiaolongxia) under Tencent Cloud released a new version on March 12. The new version introduced four core features: one-click connection to WeChat, stable access to long links in WeChat Work, automated task execution and monitoring, and support for importing skills, significantly lowering the usage threshold and enabling ordinary users to easily achieve "shrimp farming" office work

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Tencent's version of crayfish WorkBuddy evolves again

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On March 12th, all three major indices of the Hong Kong stock market retreated during the session, with the Hang Seng Index falling by 0.99% and the Technology Index dropping by 0.86%. The oil and gas sector performed strongly, boosted by international oil prices, with CNOOC rising over 4%; however, the internet and retail sectors faced significant pressure. Overall market sentiment has become cautious, with funds primarily focusing on resource leaders and some semiconductor stocks after a high-level pullback

- As of March 12, Hong Kong's market shows weakness, with all major indices retreating after hitting recent highs.  
- The crude oil exploration and production sector gains due to rising international oil prices, especially China National Offshore Oil Corporation, which rose by 4.78%.  
- Nevertheless, macroeconomic indicators suggest a cautious recovery, with external demand and consumer momentum remaining weak, leaving market confidence reliant on policy direction and capital flows.

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XPENG-W

Hang Seng Index

Hong Kong stock market intraday | The Hang Seng Index fell 0.99%, while CNOOC rose more than 4% against the trend

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The short selling amount in the Hong Kong stock market reached HKD 21.05 billion in the first half of the day, accounting for 19.9% of the total turnover of shortable stocks. The main shorted stocks include TRACKER FUND, TENCENT, CSOP HS TECH, Alibaba, and CNOOC, with short selling ratios of 22.1%, 19.1%, 32.7%, 17.6%, and 12.2%, respectively

The short selling in Hong Kong stocks for half a day amounted to HKD 21.05 billion, accounting for 19.9% of the total turnover of shortable stocks

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As of noon on March 12, the three major indices of the Hong Kong stock market collectively retreated, with the Hang Seng Index down 1.23% and the Hang Seng Tech Index down 1.21%. The internet content and retail sectors performed poorly, with industry leaders collectively under pressure; the oil and gas sector showed mixed trends, with China National Offshore Oil Corporation rising 3.42% against the trend. Macroeconomic data indicates a slow recovery in external trade and consumption, leading to a cautious market sentiment, with funds focusing on weight differentiation and short-term risk aversion

- As of midday, Hong Kong's three major indices fell, reflecting cautious market sentiment with the Hang Seng Index at 25,579.52, down 1.23%.  
- Pressure from previous highs has emerged, with key sectors like internet content and retail showing declines, indicating a cautious consumer recovery.  
- The market is closely observing macroeconomic indicators, influenced by slow external trade and retail performance, leading to a defensive positioning by investors.

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JD-SW

SINOPEC SSC

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Hong Kong Stock Midday Review | Hang Seng Index down 1.23%, Internet sector weak, CNOOC up 3.42%

Tencent CEO Ma Huateng shared content about Tencent's full "lobster" matrix products in his Moments, introducing several self-developed products, including Lobster, Local Shrimp, Cloud Shrimp, etc. Tencent is also developing an AI intelligent entity for WeChat, planned for release in the third quarter, which can replace users in completing daily tasks. Meanwhile, the local AI assistant QClaw, based on OpenClaw, has begun internal testing, allowing users to easily deploy it on their personal computers

iShares China Large Cap

It is reported that Ma Huateng forwarded content related to Tencent's entire "lobster" matrix products

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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

YieldMax BABA Option Income Strategy ETF

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.

KINGSOFT CLOUD

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

Tencent launches Lobster Data Security Protection Skill

$TENCENT(00700.HK) is preparing to say goodbye to this company. Planning to liquidate Tencent holdings.

TENCENT-R

Tencent HK SDR 10to1

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.

Yuanbao

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

XPeng

NIO-SW

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

NVIDIA

iShares Silver Tr

SPDR Gold Shares

GLD SG

Pro Ultr Silver

CNMC Goldmine

ZTE Corporation

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

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

Volatility is here to stay as the war continues. However once Trump pulls off a TACO, the rally continues!

gold will survive. bcos of oil shortage, gold gets dumped temporarily. but once inflation comes, gold will surge.

Goldmine

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

HTCD

Darrengohi

Netflix Return Rate

World War is about to begin. The truth is no asset is the safest. Even cash can go extinct!

I think as the war prolong, the higher risk of oil prices remaining high which will cause inflation to go nuts. It really depends if Trump TACO!

The war will be just another passing storm, just like the many wars that happened since covid19. Ignore the noise and stay focused!

So after Iran is Cuba? Volatile days ahead ..

The global AI chip export control is a clear signal that the US is trying to preserve their dominance over the rest of the world by controlling the access to leading edge technology. This layer of geopolitical fabric veils the certainty for global businesses seeking to employ AI at scale. This would inadvertently drive businesses to diversify and reconsider the use of Chinese alternatives (or a mix of both), especially if both are now equally risky. Right now the Chinese tech companies are undervalued. Would it lead to a renewed and sustained interest in them? We shall sit back and see how it unfold.

JP#TENCTRP2809N(57960.HK)

Lobster buffet: China’s tech firms feast on OpenClaw as companies race to deploy AI agents

The total short selling in the Hong Kong stock market for the day was HKD 46.87 billion, accounting for 30.5% of the turnover of shortable stocks

OpenClaw Founder Accuses Tencent of “Copying,” Company Responds Citing Support for the Ecosystem

UBS lists the most favored simulated portfolio stocks of Chinese companies (Table)

Hong Kong Stock Market Closing | Hang Seng Index fell 0.70%, system software plummeted, Tencent and Alibaba had the highest trading volumes