China Universal CSI Hugangshen Technology Leading ETF

ByteDance's key large model figure, Feng Jiashi, has reportedly joined Tencent

SMIC to Participate in the Advanced Semiconductor Manufacturing Conference (ASMC) 2026

SMIC to Participate in CSTIC 2026 in China

Northbound funds recorded a net purchase of over HK$700 million in SMIC throughout the day

Alibaba is reportedly considering a large order of AI chips from AMD

Tencent emphasizes integrating ESG concepts into products and operations to continuously create social value

SMIC reportedly increases AI chip production by modifying DUV lithography machines

SMIC's stock price rises by 6.00%, with a turnover of 9.622 billion yuan

Hesai Technology's solid-state LiDAR selected for mass production in Meituan drones

CICC maintains 'Outperform' rating on Tencent with a target price of HKD 700

Xiaomi Grants Over 100 Million Yuan in Subsidies to Car Fusion Stores

Independent Director Li Yunlian Increases Holdings in Alibaba Stock

Xiaomi Announces Mi 17 Ultra Launch Event on December 25

Blackstone Increases Its H Shares Stake in Wuxi Biologics to 5.10%

Tencent's OVBU establishes a new technology department to fully focus on AI

Meituan's brand Keeta launches a program in Kuwait to support local SMEs

Li Ning officially launches on Meituan's flash purchase platform

Xiaomi Group-W repurchased 3.75 million shares for HKD 149 million

Tencent Holdings repurchased 1.035 million shares for approximately HKD 636 million

Alibaba Open-Sources New Image Model Qwen-Image-Layered, Enabling Photoshop-Level Layered Editing and Generation

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BLACKROCK'S LONG POSITION IN H-SHARES OF WUXI APPTEC INCREASES TO 5.10% ON DEC 17 FROM 4.65% - HKEX

Reuters

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WuXi AppTec

Blackrock's Long Position In H-Shares Of Wuxi Apptec Increases To 5.10% On Dec 17 - HKEX

BABA

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Douglas Lane & Associates LLC reduced its stake in Alibaba Group by 36.4% in Q3, selling 5,373 shares. Alibaba's stock opened at $149.70, with a 1-year range of $80.06-$192.67. Analysts have set new price targets, with a consensus rating of "Moderate Buy" and an average target of $194.00. Positive sentiment surrounds Alibaba's interest in Nvidia H200 AI chips, boosting cloud margins and AI services revenue.

- Douglas Lane & Associates LLC reduced its stake in Alibaba Group by 36.4% in Q3, holding 9,372 shares valued at $1,675,000 after selling 5,373 shares.  
- Several institutional investors also adjusted their positions, with noteworthy acquisitions and increases, indicating fluctuating investment strategies in Alibaba's stock.  
- Analysts maintain a consensus rating of "Moderate Buy," with various target prices reflecting a positive outlook on Alibaba's e-commerce and cloud growth, despite investor concerns about execution risks.

Market Beat

Alibaba

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Alibaba Group Holding Limited $BABA Shares Sold by Douglas Lane & Associates LLC

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Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index, Technology Index, and National Enterprises Index all saw slight increases, continuing the positive market sentiment. The consumer and technology sectors performed well, with heavyweights like Alibaba and Tencent Holdings seeing active trading. Leading popular stock GP LOGISTICS rose by over 100%, driving market hotspots, and funds continued to concentrate on leading heavyweight companies

- The Hong Kong stock market saw all major indices close higher, with the Hang Seng Index ending at 25,801.77, a rise of 0.43%.  
- Key sectors showed strong performance, particularly semiconductors, driven by increased chip demand, with notable gains from SMIC and Hua Hong Semiconductor.  
- Retail sales growth and stable macroeconomic indicators bolstered investor confidence, leading to significant investments in consumer and technology sectors.

Market Heartbeat

Hang Seng Index

SMIC

HUA HONG SEMI

INNOSCIENCE

XIAOMI-W

LENOVO GROUP

TENCENT

BIDU-SW

KUAISHOU-W

CTG DUTY-FREE

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DTXS SILK ROAD

RELIANCE GLO HL

MEITUAN

GP LOGISTICS

Tencent Holdings Limited

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Hong Kong stocks close｜Three major indices continue to rise, semiconductor and other technology sectors strengthen, China Duty Free leads the consumer sector