iShares Core MSCI EM

Alibaba Launches AI Model for Early Detection of Fatty Liver Disease

Alibaba's "Qwen Image Recognition and Generation Algorithm" Passes National Cyberspace Administration's Algorithm Registration

Citi Maintains Buy Rating on Tencent Holdings, with Target Price of HKD 783

Sanjiang Shopping Club's partnership with Freshippo (Hema) ends, shareholder Alibaba reduces its stake by 3%

Tencent Upgrades WorkBuddy to Support WeChat Direct Connection to Office Computers

Tencent Cloud Unveils New AI-Powered Gaming Solutions at GDC 2026

Tencent's AI agent WorkBuddy is updated, adding a one-click direct connection feature for WeChat

JPMorgan maintains "Overweight" rating on Tencent, says market fears of it lagging in AI are overblown

Alibaba Cloud Named a Leader in Agentic AI by Omdia Report

Morgan Stanley Publishes Forecast for Alibaba's Q3 FY2026 Earnings

Tencent's SkillHub Accused of Scraping ClawHub Data, Drawing Founder's Criticism

China STAR Market AI ETF Hua Xia Extends Early Morning Volatility

Tencent's SkillHub Platform Scrapes ClawHub's Skill Data

Hong Kong tech stocks generally retreat, Alibaba's share price falls by more than 2%

Tencent Cloud plans to add a new availability zone in Frankfurt in the second quarter of 2026

OpenClaw Founder Criticizes Tencent Alleged Piracy and Calls for Reduced Server Costs

Morgan Stanley Upgrades Alibaba to Top Pick, Bets on Its Full-Stack AI Advantages

WeChat Updates Ignore Function for Voice/Video Calls and Real-Time Voice Translation

Hong Kong's Digital Policy Office Noticing Potential Risks of OpenClaw and Proposing Security Recommendations

Tencent's WorkBuddy Supports WeChat Integration and Adds Automation Tasks

Acurx Pharmaceuticals

XCF Global

60 Degrees Pharmaceuticals

Paranovus ENT Tech

Tradr 2X Long NVTS Daily ETF

Actelis Networks

Roma Green Finance

TanTech

AMC Robotics

Leverage Shares 2X Long NBIS Daily ETF

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Reuters

Alibaba

ALI HEALTH

BABA-W

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

Alibaba Unveils AI Model for Early Detection of Fatty Liver Disease

The Alibaba Entrepreneurs Fund JUMPSTARTER 2026 was unveiled on the 12th, with the theme "From Artificial Intelligence to Practical Applications: Driving the Next Generation of Startups in Hong Kong." The event explored Hong Kong's innovation and technology ecosystem, emphasizing the dual engines of investment and policy to help startups transition from concept validation to market application. The grand final lasts for two days, with 30 top teams competing for a USD 5 million investment opportunity, discussing the practical deployment of artificial intelligence and sustainable outcomes. The Deputy Secretary for Financial Services and the Treasury stated that the government will strengthen infrastructure support for the development of innovative technologies

AASTOCKS

Alibaba Entrepreneur Fund JUMPSTARTER 2026 unveiled, exploring reliable AI implementation models

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- Emerging market stocks fell by 1.1% and currencies declined by 0.33% amid ongoing tensions from the US-Iran conflict.  
- The Turkish central bank is expected to pause interest rate cuts to assess the economic implications of the war, maintaining rates at 37%.  
- Rising oil prices have reignited fears of inflationary pressures, particularly in energy-dependent economies, potentially challenging global economic resilience.

ISHRS S&P Glb Engy

SPDR S&P Em Mkt Dvd

Pro Ultr Bloomberg Crude Oil

SPDR O&G Equip

Invesco Oil & Gas Services ETF

iShares MSCI Em

iShares MSCI EM Ex-China

Schw Em Mkt

Wisdomtree EM High Dividend Fund

VG Em Mkts

VanEck Oil Services ETF

Avantis Emerging Markets Equity ETF

United States Oil Fund LP

ProShares Ultra Energy

SPDR Em Mkt

iShares MSCI Emerging Mkts Val Fac ETF

Avantis Emerging Markets Value ETF

SPDR O&G Ex & Prd

SPDR Energy Select

iShares MSCI Turkey

Dimensional Emerging Markets Value ETF

iShares US Oil Equip & Svcs

ISHRS MSCI S Africa

iShares Emerging Markets Equity Factor ETF

EMERGING MARKETS-Emerging markets fall as Iran war drags on, Turkey eyes rate hold

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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

HSCEI ETF

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

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

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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BIDU-SW

LAOPU GOLD

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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

CSPC PHARMA

CNOOC

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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

iShares MSCI EM Market Asia

iShares MSCI All Country Asia Ex Japan

The Vanguard Group, Inc.

iShares US Oil & Gas Expl & Prod

FIL Ltd.

SPDR S&P Em Asia

EMERGING MARKETS-Asia stocks slip as oil surge fuels risk aversion; currencies sag

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

Wallstreetcn

Tencent's version of crayfish WorkBuddy evolves again

Alibaba will announce its fiscal third-quarter results for the fiscal year 2026 next Thursday, with a projected non-GAAP net profit decline of 37.6% to 50.8% year-on-year. Affected by weak consumption in the mainland and industry competition, the growth of e-commerce customer management revenue has slowed. According to ratings from 12 brokerages, firms such as Jefferies, DBS, and JP Morgan have all given buy ratings, with target prices ranging from HKD 197 to HKD 218. The market is focused on Alibaba's investments in artificial intelligence and instant retail and their impact on future performance

Investment Ratings and Target Prices for Alibaba by Major Institutions (Table)

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Morgan Stanley predicts Alibaba's performance for the third quarter of the fiscal year 2026, which will be announced next Thursday. The consolidated revenue is expected to be RMB 286.2 billion, a year-on-year increase of 2.2%. The revenue for the Chinese e-commerce group is expected to be RMB 163.679 billion, a year-on-year increase of 7.8%. The consolidated adjusted EBITA is expected to be RMB 30.373 billion, a year-on-year decrease of 44.6%. The EBITA for the Cloud Intelligence Group is expected to grow by 22.9%

Global X Cloud Computing ETF

Global X E-commerce ETF

"Forecast" Morgan Stanley's performance forecast for Alibaba's third fiscal quarter of fiscal year 2026 (Table)

Alibaba expects that its adjusted net profit for the third quarter of fiscal year 2026 will decline by more than 43% year-on-year, affected by weak domestic consumption and intensified industry competition. According to forecasts from 8 brokerage firms, net profit is expected to be between RMB 25.099 billion and RMB 31.858 billion, with revenue expected to grow by 1.9% to 5.3%. Investors are paying attention to the company's investments in artificial intelligence and instant retail, as well as the slowdown in the growth of e-commerce customer management revenue

"Forecast" Brokers expect Alibaba's adjusted net profit for the last quarter to decline by over 43% year-on-year, focusing on AI, instant retail investments, and the spin-off plan for "Pingtouge."

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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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Hang Seng Index

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

iShares Core MSCI EM(IEMG.US)

Alibaba Unveils AI Model for Early Detection of Fatty Liver Disease

Alibaba Entrepreneur Fund JUMPSTARTER 2026 unveiled, exploring reliable AI implementation models

EMERGING MARKETS-Emerging markets fall as Iran war drags on, Turkey eyes rate hold

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