ICBCCS CSI Hugangshen Internet ETF

Alibaba's Quark AI glasses see strong demand, production line to be added to boost capacity

Hang Seng Index opens lower, Alibaba shares fall by over 1%

Hong Kong Stock Connect data shows Meituan received a significant southbound net inflow of HK$1.096 billion

Short-selling data shows Meituan-WR's deviation value is among the top in the market

Report shows Alibaba's short-selling value ranked in the top three in the previous trading day

China grants first L3 autonomous driving permits, ushering in a new era of commercial application for unmanned driving

Alibaba's first OPC community is established in Nanjing

Alibaba's U.S.-listed shares fall over 3%

Industry commentary points out that the policy dividend for new energy vehicles is about to expire

Beijing launches New Year's Eve event to deeply integrate culture, business, and tourism consumption.

Alibaba launches US$537 Quark AI glasses

Analysis suggests China's huge demand for AI computing power offers growth opportunities for both domestic and foreign chipmakers

Tencent Holdings' share repurchase suspension period is expected to end

Industry Commentary: From Sora to Keling, Video AI Has Not Yet Reached its 'GPT Moment'

Xiaomi to hold 'Human Car Home Full Ecosystem' Partner Conference on December 17

Tencent's Xingmai Network Wins First Prize in Guangdong Province's XAIR Science and Technology Progress Award

Southbound funds net bought Kuaishou amid active Northbound trading

Rumors suggest Xiaomi plans to close over 1,000 stores to focus on its EV business

Meituan-W Records Net Inflow from Southbound Trading for 4 Consecutive Days

Alibaba Cloud Anti-DDoS products to be upgraded

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<p>Alibaba's Q2 earnings call highlighted robust revenue growth in cloud and e-commerce, with a 15% year-over-year increase. The cloud segment grew by 34%, driven by AI demand. However, EBITA and net income decreased by 78% and 53% respectively, due to strategic investments in AI and quick commerce. Operating cash flow and free cash flow also declined. Despite financial challenges, Alibaba remains optimistic about leveraging AI and cloud technologies for long-term growth.</p>

- Alibaba Group's Q2 earnings call revealed a 15% year-over-year revenue increase, driven by strong performances in e-commerce and cloud segments.  
- Despite this growth, the company reported a 78% decrease in adjusted EBITA and a 53% drop in net income, primarily due to strategic investments in AI and quick commerce.  
- Looking ahead, Alibaba aims to leverage AI and cloud technologies for long-term growth, while acknowledging the financial challenges from its aggressive investment strategy.

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Alibaba’s Earnings Call: Growth Amid Challenges

<p>Alibaba's Qwen model series has become the world's most-downloaded and fine-tuned open source AI model, surpassing Meta's Llama model. The Qwen 3 model family has been downloaded over 600 million times and is favored for tasks requiring multiple languages. Despite this achievement, Alibaba's shares dropped 0.78%, closing at $155.68.</p>

- Alibaba Group (BABA) has emerged as a leader in open source AI models, with its Qwen model series being the most downloaded and fine-tuned globally.  
- The Qwen 3 model family has achieved over 600 million downloads, becoming the preferred choice for multilingual tasks, surpassing Meta Platforms' Llama model.  
- Despite this success, BABA shares fell by 0.78%, closing at $155.68 on Friday.  

Alibaba (BABA) Doubles Down on AI as Qwen Becomes World's Most-Used Open Model