iShares China Large Cap

Ping An Announces Comprehensive Financial Solutions for Commercial Aerospace

Jiangsu Governor Xu Kunlin Meets with Alibaba Group's President of Public Affairs Wen Jia

BYD's Brazilian Plant Secures 100,000 Export Orders for Argentina and Mexico

BYD's new technology will be implemented in Haidong Industrial Park

Media reports on BYD Sea Lion 07 EV model's 'tire wear' issue causing owner concerns

BYD's Denza brand to launch Z9GT and 'Flash Charger' technology in Paris

Baijiu brands are embracing instant retail channels

Tencent Games to showcase multiple cutting-edge technological achievements at GDC 2026

Pony.ai's Robotaxi service is officially integrated into Tencent Mobility Services.

Tencent-backed AI chip company Enflame Technology reportedly plans for a Hong Kong IPO.

Meituan launches a 360 yuan coupon package for 9.9 yuan

BYD is reportedly considering acquiring one of the top 10 car companies

AI shopping becomes a hot trend for the new year; Alibaba's Tongyi Qianwen facilitated nearly 200 million 'one-sentence orders' during the Spring Festival

Xiaomi to End Software Update Support for Xiaomi 12 and 12 Pro

Tencent Plans to Launch Built-in AI Assistant in WeChat

Alibaba and Tencent jointly invest in brain-computer interface company Jieti Medical for the first time

Online Games and Game Exports Included in China's 15th Five-Year Development Plan

CCTV 315 Gala exposes "exosome" medical beauty chaos, Meituan removes related products

China to Release Key Jan-Feb Macroeconomic Data

China Internet Finance Association Issues Risk Warning on OpenClaw Application Security

bioAffinity Tech

Firefly Neuroscience

Silvaco

eLong Power

T-REX 2X Long UPXI Daily Target ETF

Polaryx Therapeutics

TCW Strategic Income Fund, Inc.

Stak

iSpecimen

Oruka Therapeutics

159887

601988

601939

Since March, more than a dozen banks, including Bank of China, CCB, PSBC, PAB, Bank of Ningbo, and ZYBANK, have listed non-performing asset packages, with the total amount of non-performing loans intended for transfer reaching billions. Both large state-owned banks and small to medium-sized banks have participated in this batch disposal of non-performing assets, and the overall disposal efforts continue to intensify

Wallstreetcn

Fullgoal CSI 800 Banks ETF

Bank Of China

E Fund CSI 300 Financials (ex Banks) ETF

Huaan CSI Banks ETF

Hwabao WP CSI Banks ETF

Bank of Ningbo

ZYBANK

BANK OF CHINA

ChinaAMC CSI Banks ETF

PSBC

WP CSI Banks ETF

China Southern CSI Banks ETF

More than a dozen banks are successively listing for the transfer of non-performing assets

BABA

00700

09988

TCEHY

Chinese AI startup "Dark Side of the Moon" is seeking a new round of financing, aiming to raise up to $1 billion, with a valuation reaching approximately $18 billion, more than quadrupling its valuation from three months ago. The company's developed chatbot "Kimi" has attracted investor attention, having previously secured over $700 million in funding, with participants including Alibaba and Tencent

- Moonshot AI, one of China's "AI Six Tigers," is reportedly seeking to raise up to $1 billion in its latest financing round, aiming for a valuation of about $18 billion.  
- This valuation marks over a fourfold increase from three months ago, indicating growing investor interest in Chinese AI startups.  
- While it's unclear which investors are participating in this latest round, the company previously raised over $700 million earlier this year at a $10 billion valuation, with backing from Alibaba and Tencent.

Stheadline

Alibaba

TENCENT

BABA-W

Tencent

The "AI Six Little Tigers" Dark Side of the Moon reportedly seeks a new round of financing with a valuation of 140.4 billion

01810

XIACY

Xiaomi Corporation disclosed its financial report, stating that on March 13, it repurchased 2.029 million shares on the Stock Exchange, with a price per share ranging from HKD 33.16 to HKD 33.3, involving a total amount of approximately HKD 67.5 million. Since the approval of the ordinary resolution (June 5, 2025), the company has repurchased a total of 270 million shares, accounting for 1.04% of the share capital

AASTOCKS

XIAOMI-W

Xiaomi Corporation

Xiaomi Corporation repurchased 2.029 million shares, involving approximately 67.5 million yuan

01398

Deltone Technology (Guangzhou) Co., Ltd. launched its Hong Kong IPO on Thursday, planning to raise approximately HKD 3.18 billion (about USD 406 million) by selling 46 million shares. Subscription applications will close on March 17, and trading is expected to begin on March 20. Twelve cornerstone investors, including UBS, Barron's, and ICBC, have agreed to purchase shares worth USD 190 million, accounting for about 45% of the total offering. The company plans to use about half of the proceeds to expand and upgrade its main production base in Guangzhou, with another 20% allocated for the construction of the second-phase base in Thailand

BambooWorks

ICBC

BRIEF: Delton Technology launches $400 million Hong Kong IPO

CLOU

BABX

KBAB

Alibaba Cloud released its 2025 customer success cases, showing a significant increase in demand for AI solutions. As enterprises expand their AI applications, Alibaba Cloud's infrastructure and model series have received widespread attention. The cases include supporting Malaysian electric vehicle company PRO-NET in building a data-driven model, assisting AI Singapore in launching the multilingual model Qwen-SEA-LION-v4, and upgrading the traditional Chinese medicine consulting platform in Hong Kong to promote the modernization of traditional Chinese medicine

- Alibaba's cloud division, Alibaba Cloud, has released a series of customer success stories for 2025, highlighting the increased demand for comprehensive AI solutions across various industries.  
- Notable projects include supporting Malaysia's PRO-NET in developing AI-driven transportation solutions, enhancing Singapore’s AI capabilities with the new Qwen-SEA-LION-v4 model, and upgrading traditional Chinese medicine consultative platforms in Hong Kong.  
- Additionally, Alibaba Cloud is collaborating with Japan's and factory to innovate AI applications in the manga industry, improving creative efficiency and expanding global reach for Japanese comics.

Global X Cloud Computing ETF

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Alibaba Cloud releases 2025 customer success cases, with a significant increase in demand for comprehensive AI solutions

09888

TCTZF

00241

YINN

KWEB

EBIZ

BABO

Alibaba Group (BABA) has launched a new mobile app called "JVS Claw" to tap into China's growing AI trend with its OpenClaw agentic AI assistant. The app allows users to easily manage tasks like online shopping and travel bookings without coding skills. This move comes amid rising competition from other tech firms like Baidu and Tencent. Wall Street analysts maintain a Strong Buy consensus on Alibaba stock, with a price target suggesting a potential upside of 45.18%.

- China's tech giants are developing OpenClaw, an innovative AI assistant that performs real-world tasks and has caught widespread attention among various demographics.  
- Alibaba has launched the "JVS Claw" app, enabling users to easily implement this AI assistant for tasks like shopping and travel booking, available for free for the first 14 days.  
- As competition intensifies, other companies like Baidu and Tencent are entering the market, while authorities express caution over data security with certain restrictions on app installation in government sectors.

Tip Ranks

BIDU-SW

Baidu

Tencent Holdings Limited

ALI HEALTH

Direxion FTSE China Bull 3X

iShares MSCI China

E Fund CSI HK Connect Internet ETF

Invesco Golden Dragon China

Hwabao CSI HK Equities Internet ETF

Krne Csi China Internet

Guotai MSCI China A ESG General ETF

CSOP HS TECH

Yinhua MSCI China A ETF

Global X E-commerce ETF

YieldMax BABA Option Income Strategy ETF

Alibaba (BABA) Jumps into China's New 'AI Craze' with OpenClaw App

516110

XPEV

520720

09868

STLA

According to reports, automotive giant Stellantis is reportedly in talks with Xiaomi, XPeng, and others, seeking investment from Chinese car companies for its European operations. The cooperation plan includes equity stakes in brands such as Maserati and opening up European production capacity. The company aims to alleviate pressure on its European business by bringing in Chinese funds and technology, while shifting its investment focus to the U.S. market

- Stellantis is reportedly seeking investment from Chinese car manufacturers to support its European operations while focusing more on the American market.  
- Recent discussions include potential partnerships with Xiaomi and Xpeng, considering options such as equity acquisitions in brands like Maserati and access to European manufacturing capabilities.  
- Stellantis faces significant challenges in Europe, including overcapacity and fierce competition, prompting the need for strategic restructuring, as highlighted by recent substantial asset write-downs linked to its electric vehicle transition.

Guotai CSI 800 Automobile and Parts ETF

XPeng

Guotai CSI Hong Kong Connect Automobile Industry Thematic ETF

Ping An CSI Auto Components Thematic ETF

Hua Xia CSI New Energy Vehicles ETF

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

SmartETFs Smart Transportation & Tech ETF

XPENG-W

HFT CSI Auto Components Thematic ETF

Stellantis NV

ChinaAMC CSI Auto Components Thematic ETF

Global X Autonomous & Electric V

Hwabao WP CSI Intelligent Electric Vehicle ETF

Ping An CSI New Energy Vehicles Industry ETF

E Fund CSI Auto Components Thematic ETF

First Trust S-Network Future Vehicles & Tech ETF

Including investment in brands like Maserati! Automotive giant Stellantis is reportedly seeking investment from Xiaomi and XPeng

Yu Bowen, the post-training leader of the Qwen large model at Alibaba's Tongyi Laboratory, has joined ByteDance as the post-training leader of the Seed team's visual model and multimodal interaction team. ByteDance's Seed team is its core AI research and development department, currently led by former Google DeepMind research vice president Eric Wu. The Qianwen team at Alibaba has seen a reduction in its management scope due to organizational restructuring, leading to the departure of Yu Bowen and other senior executives

According to reports, Alibaba's Qianwen senior executive Yu Bowen has joined ByteDance

IDGT

159998

Alibaba-W's Qianwen APP has officially launched the new Qwen-Image 2.0, which integrates raw image generation and editing, supporting text-to-image generation, basic editing, and multi-scene creation, with comprehensive upgrades in complex text rendering, realistic texture representation, and command understanding. Users can click on "AI Image Generation" in the APP and select the model to start creating

iShares US Digital Infrastructure and Real Estate ETF

Tianhong CSI Computer Theme ETF

Proshares Big Data Refiners ETF

Global X Data Center & Dgtl Infrs ETF

Franklin Exponential Data ETF

Qwen-Image 2.0 launched on Qianwen APP, integrating generation and editing of images

Morgan Stanley has maintained a Buy rating for Alibaba Group Holding Ltd. (9988) as of March 11, with a price target of HK$175.50, while the shares closed at HK$133.20. The overall analyst consensus for Alibaba is a Strong Buy, with an average price target of HK$194.62, indicating a potential upside of 46.11%. Additionally, TipRanks also reiterated a Buy rating with a price target of HK$142.00.

- Morgan Stanley analyst maintained a Buy rating on Alibaba Group Holding Ltd. with a price target of HK$175.50, while shares closed at HK$133.20.  
- The analyst consensus suggests a Strong Buy rating for Alibaba with an average price target of HK$194.62, indicating a 46.11% upside.  
- TipRanks also reiterated a Buy rating on Alibaba with a price target of HK$142.00 in a report released on March 10.

Morgan Stanley Sticks to Their Buy Rating for Alibaba Group Holding Ltd. (9988)

Xiaomi Group disclosed its financial report, stating that on March 12, it repurchased 2.3076 million shares on the Stock Exchange, with a price per share ranging from HKD 33.3 to HKD 33.34, involving a total amount of approximately HKD 76.91 million. Since the approval of the ordinary resolution (June 5, 2025), the company has repurchased a total of 268 million shares, accounting for 1.03% of the share capital

Xiaomi Group repurchased 2.3076 million shares, involving approximately 76.91 million yuan

Tencent's SkillHub platform has been accused of copying a large amount of official data from the open-source AI software OpenClaw without communication, leading to dissatisfaction from founder Peter Steinberger, who accused Tencent of plagiarism and driving up server costs. Tencent responded by calling it a "mirror site," stating that the synchronized data is only 1GB and has been properly attributed. Nevertheless, Steinberger remains angry about Tencent's actions, believing that Tencent should better support the OpenClaw project

- The rapid popularity of the open-source AI agent software OpenClaw has led to controversy with Tencent’s SkillHub, which is accused of copying data from OpenClaw's official marketplace.  
- OpenClaw's founder, Peter Steinberger, expressed strong dissatisfaction on social media, claiming Tencent's actions have increased server costs and lacking direct communication.  
- Tencent responded, stating that SkillHub merely replicated a small portion of data and emphasized that they had no intention of misappropriation, insisting they had marked the source of the content.

Tencent is accused of plagiarizing "crayfish" data, and the founder blasts: plagiarism and driving up server costs

According to informed sources, Stellantis Group is in talks with Xiaomi and XPeng regarding a European agreement. (Bloomberg)

Pony AI has partnered with Tencent to integrate its robotaxi service into WeChat, allowing over 1 billion users to book driverless rides in Guangzhou. This collaboration enhances Pony AI's market reach and operational capabilities, with plans to expand its fleet to over 3,000 vehicles by 2026. The company recently joined the MSCI China Index, aiming to attract global investors. Despite a bearish stock trend, analysts maintain a Buy rating with a target price of $22.36. Pony AI is set to report earnings on March 26, 2026, with an EPS estimate of 22 cents.

- Pony AI Inc. announced expanded access to its driverless robotaxi service in Guangzhou through Tencent's WeChat platform, enhancing service accessibility.  
- This integration is part of a strategic partnership with Tencent Cloud and aims to increase Pony AI’s fleet to over 3,000 vehicles by the end of 2026.  
- Additionally, Pony AI was added to the MSCI China Index, aiming to attract global institutional investors while facing current bearish stock trends.

benzinga_article

Pony AI Taps WeChat's Billion Users To Supercharge Robotaxi Bookings

Tencent launched the AI Skills community "SkillHub," based on the OpenClaw open-source ecosystem. OpenClaw founder Peter Steinberger accused Tencent of plagiarism, claiming that its high-frequency scraping behavior has led to increased server costs. Tencent responded that SkillHub is a local mirror for Chinese users, labeling ClawHub as the original source, and stated that it has distributed 180GB of traffic, alleviating the burden on ClawHub. Team members, who are also project contributors, stated that they will continue to support the ecosystem

Tencent is accused of plagiarism by the founder of OpenClaw, response: original source is cited

Chinese tech has been given a coffee by Alibaba and Xiaomi, valuation for HST is relatively low and would be good to add. Had added spare USD to FXI ETF. Monitoring Xiaomi to see if I can get back the money I spent to get a Xiaomi power bank with CCC mark for airplane carriage in and out of China.

Featured

The market's narrative today is split between the promise of future tech and the harsh reality of present-day supply chains. Let's dive in:

Xiaomi HK SDR 2to1

XIAOMI-WR

BABA-WR

VanEck Social Sentiment ETF

First Trust S&P REIT Index Fd

ON Semiconductor

Spotify

Planet Labs

Simplify Commodities Strategy NO K-1 ETF

Clear Secure

ING Groep

Tesla

Apple

Apple Group

Ellington Credit

TaskUS

Alibaba HK SDR 5to1

Intel

🔥 Market Digest: AI Buzz vs. Supply Reality | Fri, Jan 23, 2026

Host Hotel & Resorts

$Roundhill China Dragons ETF(DRAG.US) looks quite illiquid, and it seems pretty similar to these three ETFs, with NetEase having a higher weight $iShares China Large Cap(FXI.US)$Krne Csi China Internet(KWEB.US)$iShares MSCI China(MCHI.US)

Roundhill China Magnificent Seven ETF

NetEase

NTES-S

Roundhill China Dragons ETF

Currently, many Chinese stocks in Hong Kong stocks, A-shares and US stocks have risen sharply, which makes stock investors face difficulties in choosing, and participating in market fluctuations through investing in ETFs may be a better choice. During the closure of the A-share market during the National Day holiday, we can continue to trade through China-concept ETFs in Hong Kong and US stocks to understand the most watched China-concept ETFs.

Xtrk Hrvt Csi 300 Chn

Direxion FTSE China Bear 3X

Direxion CSI China Internet Index Bull 2X

Direxion CSI 300 China

XL2CSOPHSTECH

FL2 CSOP HSI

Chinese concept stocks are booming, how to trade Chinese assets 24 hours a day through ETFs