DSALIBA@EP2604A(17566.HK)

CaiNiao's unmanned vehicles merge into the JiuShi RoboVan ecosystem

Cainiao's unmanned vehicles have reached a deep strategic integration with Jiushi Intelligent, with Cainiao becoming a shareholder of Jiushi to support the creation of the RoboVan super carrier. After the integration, Cainiao will no longer directly produce unmanned vehicles but will increase its applications in the logistics field. Jiushi Intelligent will operate under a dual-brand strategy, with the Cainiao unmanned vehicle brand authorized for use by Jiushi. In the future, Jiushi will focus on autonomous driving technology, while Cainiao will concentrate on specific scenarios and customers. Both parties will promote win-win development through technology sharing and resource connectivity. The Cainiao unmanned vehicle business is expected to achieve breakthroughs in 2024, entering public road delivery

Alibaba Stock Picks Up Steam in Pre-Market Trading — What's Driving the Move?

Alibaba's stock is rising in pre-market trading due to advancements in AI hardware and autonomous delivery. The company has introduced the Zhenwu 810E processor, developed by its T-Head unit, aiming to compete with Nvidia's chips. Additionally, Alibaba plans to merge its autonomous-driving unit with Zelos Technology, creating a new entity valued at $2 billion to enhance its logistics capabilities. Analysts rate BABA stock as a Strong Buy, with a target price suggesting an 18.51% upside potential.

The "Market Review" reports that the Hang Seng Index has risen for seven consecutive days but has not been able to close above 28,000; property stocks are being speculated on

Hong Kong stocks hit a four-and-a-half-year high today, with the Hang Seng Index rising for seven consecutive days, but it failed to close above the 28,000 mark, ending at 27,968 points. The Federal Reserve kept interest rates unchanged, leading to uncertainty in the market regarding future monetary policy. The total market turnover fell by over 8% to HKD 331.994 billion, with net outflow of northbound capital amounting to HKD 4.374 billion. Domestic property stocks performed actively, with the TRACKER FUND rising by 0.5%, and Alibaba slightly down by 0.1%

Alibaba has secured XPeng as a customer for its new AI chip. (Dow Jones News)

Three tech giants to pour RMB 60 bn into OpenAI; BABA's T-Head unveils Zhenwu 810E | Daily News Recap

0129 | Dolphin Research Focus: 🐬 Macro/Industry 1) Recently, multiple developers confirmed they are no longer required by regulators to submit monthly 'Three Red Lines' metrics, signaling an effective phase-out. The policy began in Aug 2020 to curb the growth of interest-bearing debt at developers.This is not a sudden policy U-turn; some firms reportedly stopped mandatory filings after Jun 2023. It marks the end of a years-long forced deleveraging cycle for developers. Several China property stocks moved higher on the news...