Krne Csi China Internet

Hot topic

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HTCD

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BABA

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China internet ADRs sold off again on fresh tax-rumor jitters. With headlines of varying credibility, Dolphin Research takes a top-down look.We start with the Gov.'s four ledgers. They are: 1) the general public budget, i.e., core fiscal revenue; 2) the government fund budget, an earmarked book funded mainly by land-sale proceeds; 3) the state capital operations budget, effectively the shareholder ledger funded by SOE profit and dividend remittances. In essence, this reflects the Gov.'s resource-allocation power...

TENCENT

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

Alibaba

BABA-WR

BABA-W

Alibaba HK SDR 5to1

China ADRs:  Rationale behind Tax Hike Scare?

Strategy Report

STECH

Hello everyone, this is Dolphin Research! In last week's strategy report, Dolphin Research mentioned that after the tariff issue was settled, the market's focus would shift to Trump's second wave of tax cuts and industrial policies. &#34;But the fatal BUG here is that tax cuts and industrial stimulus essentially require fiscal backing.&#34; Will the upcoming short-term trading revolve around this &#34;BUG,&#34; thereby affecting the valuation expectations of the entire asset class? Let's take a detailed look: 1. Trump's &#34;Big, Beautiful Bill&#34; = &#34;Big Deficit&#34; Bill? This new bill, the &#34;Big, Beautiful Bill&#34;...

Invesco QQQ Trust

Direxion 20+Yr Trsry Bull 3X

Hang Seng TECH Index

"Big and beautiful" = "big deficit", will US stocks be dragged down by US bonds again?

DJTWW

The return of Trump, its impact on the Chinese concept stock $Krne Csi China Internet(KWEB.US), I'll just post this layman's chart for everyone to feel. Trump proposed 10-20% tariffs on all imported goods and 60% tariffs on Chinese products. Whether it's just talk or not, the attitude is clear - bringing manufacturing back. Next year's economy will depend on domestic demand (aka policy stimulus).

Trump Media & Tech

Trump Media & Tech - CW28

$Krne Csi China Internet(KWEB.US) $Hang Seng TECH Index(STECH.HK) anticipated that after the Fed rate cut, the domestic policy space would open up, but did not expect such a significant shift in attitude towards the economy. Especially since normally, the political meetings at the end of September or in October do not usually focus on the economy, so this change in attitude came as a surprise. The current domestic economy is ailing, the symptoms of this ailment: deflation expectations are gradually solidifying, fundamentally due to the inability to sustain the previous economic model and the inability to find new driving forces...

Crazy! Chinese Concept Stocks

🤣Now long China becomes the most crowded trade!$Krne Csi China Internet(KWEB.US)

After the Federal Reserve cut interest rates by 50 basis points and confirmed the start of a rate-cutting cycle, China's policy space has finally opened up. The last rebound opportunity for Chinese concept stocks this year, as previously mentioned by Dolphin Research, has arrived.In addition to the rare combination of interest rate and reserve requirement ratio cuts, as well as measures to address high mortgage rates for homeowners who bought at peak prices by further reducing existing mortgage rates, the real surprises were the policies targeting listed companies (CNY 300 billion, with the central bank lending to banks at 1.75% and banks lending to listed companies at 2.25%) and the tools for banks, insurers, and securities firms to borrow funds for stock purchases (CNY 500 billion). These policies are purely aimed at boosting the stock market.For example, the swap facility for banks, insurers, and securities firms allows these institutions to use their holdings of stocks/ETFs as collateral with the central bank to obtain funds for further stock and ETF purchases, creating a cycle until the facility's quota is exhausted.This isn't just about the quota (especially since the central bank has indicated it can increase the quota), but more about the fact that short sellers now face a central bank with unlimited firepower, which has a significant deterrent effect on short selling.The loan tool for listed companies to repurchase and increase holdings also positively encourages companies to step up buybacks, sending a clear warning to short sellers.Other deterrent measures include the possibility of further cuts to the reserve requirement ratio by 25-50 basis points and the potential for additional quotas if the swap facility proves effective.These policies clearly demonstrate that, with the Fed's rate cuts easing pressure on the yuan's exchange rate, China's monetary policy space has expanded. The rapid joint action by China's three major financial regulators reflects an obvious intent to rescue the market, with a pronounced deterrent effect on short sellers.In terms of results, one visible outcome is that Chinese concept stocks (which generally have ample cash but are undervalued) have seen short sellers genuinely spooked under this policy onslaught, helping valuations rebound from extreme pessimism. This is what Dolphin Research referred to as the last opportunity for China's overseas assets amid the Fed's rate cuts.However, after this rebound, sustained fundamental improvement still depends on demand recovery. What's really needed here is fiscal policy, with monetary policy playing a supporting role. The direction and scale of fiscal policy will likely only become clear after December's economic conference. In the short term, the momentum of the monetary policy-driven rally in the latter half will hinge on October's consumption performance.$Krne Csi China Internet(KWEB.US)

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

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

Tencent Plans to Launch Built-in AI Assistant in WeChat

GF Securities Maintains Buy Rating on KE Holdings With a Target Price of HKD 58.46

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

JD Launches Online Inspection Service to Improve Home Appliance and Home Service Standards

Tencent Cloud Significantly Increases API Prices for its Hunyuan Large Language Models

Meituan and Jiangsu market regulators issue 20 million yuan in "worry-free consumption" subsidies

Tencent launches SkillHub community, aiming to build an "app store" ecosystem for AI agents

Alibaba faces AI leadership shakeup, but Qwen model sees rapid user growth.

Alibaba's cloud unit accelerates the launch of a super-large-scale computing center in Shanghai.

Kuaishou Personnel Change: Guo Liang Replaces Chen Bin as Head of R&D

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

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

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

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MPNGY

Goldman Sachs has lowered the target price for Meituan to 112 yuan, with a rating of "Buy." It is expected that Meituan's revenue in the fourth quarter of last year will grow by 4% year-on-year, but due to increased user subsidies, core local e-commerce revenue will see zero growth, with an EBITDA loss of 15.5 billion yuan. The EBITDA loss for core local e-commerce in the fourth quarter is expected to be 10 billion yuan, with a total group loss of 14 billion yuan. Adjusted profit forecasts have been raised by 1%, lowered by 32%, and lowered by 9%

AASTOCKS

MEITUAN

Meituan

Goldman Sachs lowers Meituan's target price to 112 yuan, rating "Buy"

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

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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

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

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

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

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MAISEAT, a ticketing platform under Alibaba's Damai Entertainment, has become the official primary ticketing partner for Chinese rapper GAI's EVOLUTION 2026 World Tour in Malaysia. The concert is set for May 10 at the Arena of Stars, Resorts World Genting. MAISEAT will manage ticket sales and distribution, utilizing its technology for a secure purchasing experience. Presales began on March 10 and sold out quickly. MAISEAT aims to expand its model to connect Chinese artists with global audiences, supporting multiple languages and payment options.

prnewswire

DAMAI ENT

Invesco Leisure & ENT ETF

ChinaAMC CSI Cultural Entertainment Media ETF

01:24 ETAlibaba's MAISEAT Secures Primary Ticketing Role for GAI EVOLUTION 2026 World Tour in Malaysia

IDGT

159998

DTCR

XDAT

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)

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

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

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

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

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

EMQQ

Tencent Lightweight Cloud has become a sponsor of the OpenClaw "Little Lobster" community, joining the sponsorship list of major companies such as OpenAI and Baidu. OpenClaw founder Peter Steinberger pointed out that Tencent has conducted large-scale data scraping from its platform without communication, resulting in cost pressures on the official servers reaching up to five-digit dollar amounts

PANews

iShares Expanded Tech Software Sector ETF

Emerging Markets Internet ETF

SPDR S&P Software

ISHRS S&P Glb It

Tencent Lightweight Cloud has now become a sponsor of the OpenClaw "Little Lobster" community

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)

The key issue isn’t whether taxes go up overnight, but how services gradually move from “growth” to “mature” tax brackets.

Thanks for information sharing 👍

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

Fattycat

BABA Return Rate

BABA Diamond Holder

$Krne Csi China Internet(KWEB.US) This is a bit less. I usually don't like to buy too much ETF.

KraneShares CSI China Internet UCITS ETF

$Krne Csi China Internet(KWEB.US) No words, just gonna hit you at market open tonight!

Recently, the (international) macro environment has been quite turbulent, with Trump firing on all cylinders. In contrast, it's been relatively quiet for us, which, compared to the strong anti-China rhetoric of his aides, makes him seem like the least anti-China figure in the entire administration. Someone raised a hypothesis: Given China's years of thorough preparation and response, coupled with the inflationary pressures in the U.S., is there a possibility that imposing tariffs on the East now might shift from the previous 'inflict 1,000 losses on the enemy while suffering 800 ourselves' to 'inflict 800 losses on the enemy while suffering 1,000, or even 2,000 ourselves'? If so, could this lead to some actual compromises, 'raising high...'

You play dirty, I play dirtier.

$Direxion FTSE China Bull 3X(YINN.US) Reuters reported at 16:30, the pre-market trend was initially confident, then hesitated, and then regained confidence...$Direxion FTSE China Bear 3X(YANG.US)$Krne Csi China Internet(KWEB.US)

Direxion FTSE China Bear 3X

$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

iShares China Large Cap

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 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