JPALIBA@EC2603H(21302.HK)

Qianwen: The number of orders for the free order activity has exceeded 10 million

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap ---

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

Hong Kong Stock Market Closing | Hang Seng Index Pulls Back, Small-Cap Stocks like Southern Communications Surge, Internet and Insurance Sectors Lead Decline

Today, the Hong Kong stock market closed with all three major indices retreating. The Hang Seng Index fell by 1.21%, the Hang Seng Tech Index dropped by 1.11%, and the National Enterprises Index decreased by 0.68%. The overall market experienced a high-level correction, with key sectors such as internet, retail, and insurance generally weakening. Core stocks like Tencent Holdings, Alibaba -W, and AIA Group saw significant declines, reflecting rising risk aversion and weak consumer confidence. Market hotspots were concentrated in small-cap stocks like Southern Communications and Long Resources, which experienced significant fluctuations and active trading. External macro variables and liquidity expectations continue to impact the capital situation of Hong Kong stocks, leading to short-term market sentiment fluctuations

According to the "All-Day Express," the Hang Seng Index fell by 325 points; the Hang Seng Tech Index dropped by 59 points. AIA fell by over 5%. ZTO EXPRESS-W, BOC HONG KONG, Sun Hung Kai Properties, REALORD GROUP, and SANY International hit new highs with active trading

The Hang Seng Index closed at 26,559 points, down 325 points or 1.2%. The Hang Seng Tech Index reported 5,346 points, down 59 points or 1.1%. The total market turnover was HKD 247.865 billion. Among the actively traded heavyweights, Alibaba fell 2.9%, Meituan dropped 2.6%, Ping An decreased by 2.2%, and Tencent declined by 2%. AIA fell 5.5%, ZTO EXPRESS, BOC HONG KONG, New World Development, REALORD GROUP, and SANY International reached new highs

Goldman Sachs: This year is a key year for AI investment, optimistic about Alibaba, Tencent, and Pinduoduo

Goldman Sachs' research report points out that 2026 will be a key year for AI investment, focusing on competition in consumer AI applications. It is expected that Alibaba and Tencent will be the most competitive stocks, while Pinduoduo, due to its valuation discount and strong user perception, will become an important investment target. The report also mentions that cloud and data centers, gaming and entertainment, and AI models are promising sub-industries