SGALIBA@EP2606B

Alibaba Cloud Expands Market Share and Maintains Growth for Three Consecutive Quarters

Alibaba-W Receives Net Inflow from Southbound Stock Connect for 5 Consecutive Days

Benoy Announces Completion of Wuhan Alibaba Center

Qianwen App's Spring Festival 3 billion yuan giveaway campaign sparks consumption boom

Alibaba launches AI-powered interactive installation 'Wonder on Ice' for Milan Winter Olympics

Alibaba Cloud Passes ICANN Comprehensive Technical Test Becoming China’s First Full-Chain Top-Level Domain Service Provider

Hungarian government launches investigation into Alibaba's surcharge

Alibaba's Hong Kong stock exhibits a "Death Cross" technical pattern

Alibaba is rumored to have launched an internal project codenamed 'O Plan', possibly related to the Baidu App

Qwen Announces the Release of the Next-Generation Image Generation Model Qwen-Image-2.0

Alibaba continues to divest non-core retail businesses, recently reducing its stake in Sanjiang Shopping.

Alibaba's Qwen open-source large model wins the first prize of the 2024 Zhejiang Provincial Science and Technology Progress Award.

Hong Kong stock market rebounds, Alibaba's share price rises 1% to 2%

Damo Academy Announces Open-Sourced Embodied Intelligence Brain Model RynnBrain

Sina Finance: Analysis explores the possibility of Alibaba returning to an $800 billion market capitalization

Bank of China Securities praises Seedance 2.0, seeing it as a potential major catalyst for AI multimodal applications

Alibaba Cloud Uses 360-Degree Real-Time Replay Technology at the Milan Winter Olympics

WeChat Limits Access to Alibaba's Mini-Program and Warns of Fraud Risks

Seven Chinese ministries, including the Ministry of Human Resources, conduct labor guidance for leading platform and courier companies

Taobao Flash Sale invests 2 billion RMB to incentivize city riders during the Spring Festival.

PROSP INV HOLD

ELEGANCEOPTICAL

RIDGE OUTDOOR

HING LEE (HK)

TIANYE WATER

BJ DIGITAL

MOST KWAI CHUNG

TIMES UNI GP

TRANSTECH

WANJIA GROUP

00700

02513

09988

On February 11th, the three major indices of the Hong Kong stock market showed a fluctuating stabilization trend during the trading session, with the Hang Seng Technology Index performing strongly, leading with a rise of 1.05%, indicating a rebound in investor interest in technology growth stocks. The Hang Seng Index slightly increased by 0.21% to 27,239.34 points. Sector performance was notably mixed: the hardware and storage sectors saw widespread gains driven by positive news from Xiaomi's business, with Xiaomi Group rising by 4.55%; the internet sector experienced mixed results, with Bilibili rising over 4% while Tencent saw a slight pullback; the semiconductor sector weakened across the board, with SMIC falling nearly 4%. Additionally, popular stocks Zhihu and Lexin Outdoor showed significant gains. The market is currently focused on the strength of macroeconomic recovery, awaiting further economic data guidance

- On February 11, Hong Kong's main indexes stabilized, with the Hang Seng Index at 27,239.34, rising 0.21%.  
- The Hang Seng Technology Index led with a 1.05% increase, reflecting a recovery in tech stocks, while the Enterprise Index also gained 0.21%.  
- Market focus remains on macroeconomic recovery and liquidity changes, with upcoming trade and retail data essential for assessing domestic demand and export resilience.

Market Heartbeat

BILIBILI-W

TENCENT

KUAISHOU-W

XIAOMI-W

LENOVO GROUP

SMIC

HUA HONG SEMI

DRINDA

KNOWLEDGE ATLAS

KB LAMINATES

JLMAG

CNBM

BABA-W

VanEck Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

Direxion Semicon Bull 3X

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Hang Seng Technology ETF(QDII)

iShares Semiconductor ETF

CSOP HS TECH

SPDR S&P Semicon

Tencent

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Dacheng Hang Seng Technology ETF(QDII)

Guotai CSI Semiconductor Material Equipment Theme ETF

Hang Seng TECH ETF I

Tianhong Hang Seng TECH ETF(QDII)

Huaan Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

BABA

KBAB

CLOU

BABX

BABO

Alibaba Cloud's market share in China's cloud market has increased from 34% to 36%, expanding its leading advantage and maintaining growth for three consecutive quarters, firmly holding the top position in the market. Omdia pointed out that AI is the main driver of new demand for core cloud infrastructure services. Alibaba's financial report shows that revenue from Alibaba Cloud's AI-related products has achieved triple-digit year-on-year growth for nine consecutive quarters

Wallstreetcn

Alibaba

KraneShares 2x Long BABA Daily ETF

Global X Cloud Computing ETF

BABA 2x Long Daily ETF - GraniteShares

YieldMax BABA Option Income Strategy ETF

Driven by AI, Alibaba Cloud's market share expands to 36%

517770

513770

512380

516190

516620

Geopolitical tensions are driving investors to diversify, leading to an analysis of three China-focused ETFs: KWEB, ISVBF, and XTTRF. KWEB, targeting China's internet sector, offers a 6.1% yield with a strong buy consensus and a 28.6% upside potential. It includes major companies like Alibaba and Tencent. This comparison helps investors choose the best ETF for a diversified portfolio amid trade war risks.

- Geopolitical tensions are driving investors to diversify globally, leading to the analysis of three China-focused ETFs: KWEB, ISVBF, and XTTRF.  
- KWEB targets China's internet sector and offers regular dividends while holding major stocks like Alibaba and Tencent, with a consensus rating of Strong Buy and an average price target suggesting significant upside.  
- This comparison aids investors in selecting the most suitable ETF for their diversified portfolios amid market volatility.

Tip Ranks

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Hwabao CSI HK Equities Internet ETF

Yinhua MSCI China A ETF

ChinaAMC CSI Cultural Entertainment Media ETF

Guotai CSI Movies Theme ETF

KWEB vs. ISVBF vs. XTTRF: Which Is the Best China ETF amid Trade War Risks?

BIDU

YINN

09888

JP Morgan pointed out that the promotion of AI applications during the Spring Festival is just a superficial phenomenon. The market should focus on the structural changes in how consumers obtain information, which will drive the consumption of Tokens into a period of rapid growth. It is expected that from 2025 to 2030, the annual compound growth rate of Token consumption in China will reach 330%. Investors should pay attention to beneficiaries of AI infrastructure, such as Alibaba and Baidu. Major tech companies have adopted different strategies during the Spring Festival to compete for user mind share

- Morgan Stanley highlights that the intense AI application competition among tech giants during the Spring Festival reflects surface-level phenomena, with an underlying structural change in consumer information access and content consumption.  
- The report predicts a significant annual growth rate of approximately 330% in China's Token consumption from 2025 to 2030, driven by a transition from traditional searches to chatbots and AI integration in business practices.  
- As major companies like Tencent, Alibaba, and Baidu implement varied strategies and substantial subsidies, the focus is on establishing sustainable user habits and expanding AI application usage, which could lead to a remarkable increase in Token consumption.

Baidu

Direxion FTSE China Bull 3X

BIDU-SW

Spring Festival AI battle is just a performance? JP Morgan: Token consumption will enter a period of rapid growth, potentially increasing 370 times in five years!

GOOGL

NVDA

NVDU

KWEB

NVDX

Alibaba has launched RynnBrain, an AI model aimed at enhancing robotics capabilities, enabling robots to understand their environment and perform tasks like object identification. This move positions Alibaba in the growing 'physical AI' sector, which includes self-driving technology. Other tech giants, such as Nvidia and Google, are also developing similar models. Alibaba's open-source approach allows global developers to utilize RynnBrain, furthering its reach in the robotics market.

- Alibaba launched an artificial intelligence model named RynnBrain, aimed at enhancing robotics by enabling robots to understand their environment and identify objects.  
- This initiative aligns with a growing focus on "physical AI," vital for China as it competes in technology with the U.S., while industry leaders like Nvidia and Google also develop similar models.  
- RynnBrain is part of Alibaba's strategy to enter the robotics market and promote its AI developments through an open-source approach, allowing worldwide developers to utilize the technology freely.

CNBC

Alphabet

NVIDIA

GraniteShares 2x Long NVDA Daily ETF

Direxion Daily NVDA Bull 2X Shares

Krne Csi China Internet

T-Rex 2X Long NVIDIA Daily Target ETF

China's Alibaba launches AI model to power robots as tech giants talk up 'physical AI'

Alibaba Group has launched RynnBrain, an open-source AI model designed to enhance robotics and real-world task performance. Developed by Damo Academy, RynnBrain can map objects, predict trajectories, and navigate complex environments. This move positions Alibaba against AI giants like Google and Nvidia, claiming superior benchmark results. The model is available on platforms like Hugging Face and GitHub, reflecting China's strategy to lead in physical AI through open-source initiatives, contrasting with the proprietary approaches of US firms.

Businesstimes News

Alibaba pushes into robotics AI with open-source ‘RynnBrain’

Introduced two core capabilities: spatiotemporal memory and physical world reasoning

- Alibaba's DAMO Academy has released the RynnBrain model, a significant advancement in embodied intelligence featuring the first 30B MoE architecture, which enhances robots' spatial reasoning and memory capabilities.  
- This innovation addresses long-standing challenges in the field, allowing robots to perform complex tasks with greater understanding of their environment, as evidenced by record-breaking results in various assessments.  
- The open-sourcing of RynnBrain aims to accelerate the development of an adaptable embodied intelligence ecosystem, marking a pivotal shift in the global robot market towards practical, scalable applications.

Tianhong CSI Computer Theme ETF

Franklin Exponential Data ETF

E Fund CSI HK Connect Internet ETF

Alibaba's move this time focuses on embodied intelligence, aiming at deep environmental understanding

On February 10th, the three major Hong Kong stock indices closed higher collectively, with the Hang Seng Index rising 0.58% to 27,183.15 points, indicating a mild recovery in market sentiment. The retail sector performed strongly, with Alibaba up 1.65% and JD.com up 1.95%; the internet sector showed mixed results, with Tencent down 1.61% due to concerns over capital expenditures, while Kuaishou benefited from AI commercialization, rising 1.59%; the catering sector experienced fluctuations downward, with Meituan down 2.47%. Investors are closely monitoring the upcoming retail sales data and changes in the external macro environment

- On February 10, the Hong Kong stock market saw all three major indices close higher, indicating a moderate recovery in market sentiment.  
- The Hang Seng Index rose 0.58% to 27,183.15, while the Technology Index increased 0.62%, although it remains below February's peak, suggesting limited upside potential.  
- Retail stocks gained on improved profit expectations, driven by cost-cutting strategies, with Alibaba and JD.com both showing positive performances despite overall market challenges from intensified competition in various sectors.

JD-SW

HAIDILAO

MNSO

YUM CHINA

CHINA LIT

VOBILE GROUP

ILUVATAR COREX

WANKA ONLINE

VanEck Retail ETF

SPDR S&P Retail ETF

KraneShares 2x Long JD Daily ETF

JD.com

Harvest Hang Seng SCHK Technology ETF

Hong Kong Stock Market Closing | Hang Seng Index up 0.58%, retail sector strengthens, Alibaba up 1.65%, Tencent down 1.61%

On February 10th, Alibaba launched the robotic AI foundation model RynnBrain, aimed at empowering robots with perception, decision-making, and execution capabilities. This model surpassed mainstream models from Google and NVIDIA in multiple evaluations, possessing spatiotemporal memory and reasoning abilities, and maintaining work continuity across multiple tasks. RynnBrain's open-source strategy will promote the standardization and industrial implementation of robotic technology, showcasing Alibaba's ongoing investment in the AI field

- On February 10, Alibaba launched the RynnBrain robotic AI model designed to enhance robots' perception, decision-making, and execution capabilities for autonomous tasks in real-world environments.  
- The model demonstrates superior performance in various evaluations, outperforming industry leaders like Google and NVIDIA, and is equipped with advanced spatiotemporal memory and reasoning abilities.  
- By incorporating an open-source strategy, Alibaba aims to accelerate the development of embodied intelligence and set a standardized assessment framework, signaling significant progress in the robotics sector.

Evaluation surpasses Google and NVIDIA! Alibaba releases RynnBrain robot large model: enabling robots to have a "thinking brain"

On February 10th, the Hong Kong stock market showed a mild recovery in sentiment during trading, with the three major indices continuing their upward trend. The Hang Seng Index rose 0.43% to close at 27,142.49 points, and the Hang Seng Tech Index increased by 0.69%. On the market, the retail sector saw a broad increase driven by the surge in Alibaba's AI data, with Alibaba rising 1.39%. The internet content sector exhibited mixed performance, with Tencent Holdings falling 2.14% and Kuaishou rising 2.09%. On the macro front, investors are focusing on the upcoming CPI and unemployment rate data, intensifying capital speculation

- On February 10, Hong Kong's stock market indices continued to rise, with the Hang Seng Index at 27,142.49, up 0.43%.  
- The technology sector saw mixed performance as Tencent fell 2.14% amid AI competition, while Alibaba rose 1.39% due to increased user engagement from their AI application.  
- Investors are closely watching upcoming macroeconomic data, including CPI and unemployment rates, to gauge inflation and employment resilience, which could influence market direction.

MEITUAN

XUNCE

EDGE MEDICAL-B

CHINA WACAN

ALLIED GROUP

Hong Kong stocks intraday | The three major indices fluctuated upward, the retail sector rose broadly, Alibaba rose 1.39%, Tencent Holdings fell 2.14%

TCTZF

TCEHY

According to Omdia, Mainland China's cloud infrastructure market grew 24% year-on-year to $13.4 billion in Q3 2025, marking the second consecutive quarter of over 20% growth. The demand for AI is driving this growth, with major players like Alibaba Cloud (36% market share), Huawei Cloud (16%), and Tencent Cloud (9%) enhancing their AI capabilities. Alibaba Cloud reported triple-digit growth in AI revenues, while Huawei Cloud and Tencent Cloud focused on industry-specific AI applications. The market is increasingly shifting towards platform-level reliability and operational stability as AI deployments scale.

- Mainland China’s cloud infrastructure services market reached $13.4 billion in Q3 2025, growing 24% year on year.  
- Major cloud providers like Alibaba Cloud, Huawei Cloud, and Tencent Cloud are enhancing their AI capabilities to meet increasing demand, with respective market shares of 36%, 16%, and 9%.  
- Partner-driven cloud revenue constituted 25% of the total market, highlighting the role of ecosystem collaboration in translating AI adoption into business value.

StockTitan

Tencent Holdings Limited

Omdia: Mainland China’s cloud infrastructure market accelerates to 24% growth in Q3 2025 | TTGT Stock News

Doubao goes straight to the Spring Festival Gala, Qianwen offers 3 billion in free orders, and Yuanbao gives out 1 billion in red envelopes. The AI battle during the Spring Festival is intense! This battle not only overloaded servers and boosted tea beverage stocks but also led to a blockade in the WeChat ecosystem. Goldman Sachs predicts that by 2026, China's tech giants will spend over 60 billion dollars on AI. Behind the cash burn, a life-and-death struggle for the "AI super entrance" has fully commenced

- This year's Spring Festival has seen intense competition among AI applications, with companies like ByteDance's Doubao launching significant promotional campaigns.  
- Doubao's initiative, which includes distributing over 100,000 high-tech gifts and cash prizes during the CCTV Spring Festival Gala, aims to enhance its user base in the crowded market.  
- Concurrently, WeChat has implemented restrictions on Spring Festival promotions from various AI applications, indicating a tightening competitive landscape as major internet firms adjust strategies in response to evolving AI market dynamics.

The next round of Doubao is coming, and the AI battle for the Spring Festival is becoming increasingly lively

The short selling amount in the Hong Kong stock market reached HKD 18.04 billion in the half-day session, accounting for 16.7% of the total shortable stock turnover of HKD 108.02 billion. The main shorted stocks include Meituan-W with a short selling ratio of 28.2% and a short selling amount of HKD 1.12 billion; CSOP Hang Seng Technology with a short selling ratio of 44.6% and a short selling amount of HKD 1.03 billion; Alibaba-W with a short selling ratio of 16.9% and a short selling amount of HKD 970 million; POP MART with a short selling ratio of 24.1% and a short selling amount of HKD 880 million; and HSCEI with a short selling ratio of 13.8% and a short selling amount of HKD 660 million

AASTOCKS

POP MART

China Southern Hang Seng ETF

HSCEI ETF

ChinaAMC Hang Seng ETF

Meituan

Ping An HK Equities HSCEI ETF

The short selling in the Hong Kong stock market for half a day was HKD 18.04 billion, accounting for 16.7% of the total turnover of shortable stocks

On February 10th, the Hong Kong stock market's three major indices collectively closed higher, with the Hang Seng Technology Index leading the way with a 0.84% increase. On the market, the surge in AI applications and the rebound of Chinese concept stocks drove the retail sector up, with Alibaba rising 1.46% and JD.com increasing 2.32%. The restaurant sector weakened due to the drag from heavyweight stocks, with Meituan falling 3.02% and HAIDILAO dropping 3.0%. In terms of capital, the market is in a macro data vacuum period, focusing on liquidity games. In individual stocks, POP MART performed strongly with a 4.35% increase, while Tencent Holdings had the highest trading volume but slightly fell by 1.07%

- On February 10, Hong Kong stocks showed a collective increase, with the Hang Seng Index closing at 27,172.87 points, up 0.54%.  
- The tech sector led the gains, with the Hang Seng Tech Index rising 0.84%, while the retail sector benefited from optimism surrounding AI applications.  
- Several individual stocks experienced notable movements, such as Global Printing Holdings surging 59.18% and Meituan dropping 3.02%, reflecting varied investor sentiment across sectors.

UNI PRINTSHOP

MODERN CHI MED

BAO PHARMA-B

Hang Seng Index

Hang Seng Composite Index

CAM HS TECH

GX HS TECH

FI CSOP HSI

FL2 CSOP HSI

FI2 CSOP HSI

Hong Kong Stock Midday Review | Hang Seng Tech Index rises 0.84%, AI logic helps Alibaba rise 1.46%, weight drags Meituan down 3.02%

00100

The "Hundred Model War" in China's AI industry is coming to an end, with the real players reduced to 10 companies. The most striking conclusion is that the largest profit pool will belong to major companies like Tencent and Alibaba that control distribution, rather than the model companies. Among independent vendors, KNOWLEDGE ATLAS maintains a high gross margin of 59% through localized deployment, while MiniMax breaks through with 73% of overseas revenue and a full-modal product lineup. Models are no longer scarce; monetization is the key

- A report by JPMorgan on China's AI industry indicates a shift from model proliferation to the importance of commercializing capabilities and global reach.  
- The analysis suggests that while independent firms like Zhipu and MiniMax have growth potential, the primary profit pool is likely to concentrate among major platforms like Tencent and Alibaba, due to their distribution and monetization advantages.  
- To survive, independent companies must adopt a "structural neutrality" strategy, enabling them to serve clients without directly competing with major platforms.

MINIMAX-WP

China's AI War: The "Hundred Models Battle" has ended, and the largest profit pool belongs to the big companies. How will KNOWLEDGE ATLAS and MiniMax break through?

$Alibaba(BABA.US) is poised to leave everyone else in the dust in the domestic AI field. From self-developed chips, to modules, servers, cabinets, to cloud platforms, and models, the entire supply chain is integrated and self-developed. It's also top-tier globally

BABA-WR

Alibaba HK SDR 5to1

$Alibaba.US Using the Olympics to showcase Qwen models and Taobao Vision. Smart soft power move for a tech giant

openclaw models status --agent main🦞 OpenClaw 2026.2.9 (33c75cb) — It's not &#34;failing,&#34; it's &#34;discovering new ways to configure the same thing wrong.&#34;Config : ~/.openclaw/openclaw.jsonAgent dir : ~/.op...

Alphabet - C

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

openclaw experience, recommend Qwen Max model

SGALIBA@EP2606B(21859.HK)