UBTENCT@EC2604D

Tencent responds to Chinese New Year payment peak, states it has strengthened cybersecurity and settlement capabilities

Tencent Holdings' stock price falls over 2% in early Hong Kong trading, hitting a nearly six-month low

Beijing regulator summons Tencent and other tech firms over irregularities in train ticket sales for Lunar New Year travel

WeChat Pay Launches Heart-Picked Stores Program to Help Hong Kong Catering Businesses

SMIC warns that excessive investment in AI chips could lead to idle capacity

Tencent's Yuanbao app launches live sports streaming, deepening its scenario-based AI social strategy

Tencent-backed Enflame Technology, in which it holds over 20%, receives inquiry for its STAR Market IPO

Circana forecasts total video game spending to reach a new high in 2026

Tencent's Yuanbao launches new features, gaining attention for its AI social experiment

Tencent and NetEase in a rare collaboration in the field of AI-generated comics

Tencent Holdings records net inflow from Southbound Stock Connect on February 11

Tencent and Tesla collaborate to upgrade the in-car experience for millions of vehicles in the Chinese market

Tencent Holdings initiates a new round of share buybacks after its earnings quiet period

WeChat Updates Nine New Features: Retaining Chat Records After Deleting Friends

Tencent Holdings ranks first in capital inflow among warrant long positions

Tencent and other platforms launch marketing strategies for Spring Festival short dramas

Tencent reaches agreement with Roland-Garros to broadcast the tournament in China from 2026 to 2028

Tencent Holdings had the third-largest short selling value in the Hong Kong Stock Connect on February 10

Tencent Announces Patent Related to Model Training to Improve Data Prediction Accuracy

Chinese Online's stock price boosted by Seedance 2.0, Tencent's floating profit reaches 2.1 billion

BOER POWER

TOUYUN BIOTECH

KNOWLEDGE ATLAS

HUAYUEXPRESSWAY

ASIA ENERGY LOG

SIMPLICITY HLDG

TJCD

WAI CHUN GROUP

HING LEE (HK)

00700

09988

03690

02513

On February 12th, the three major indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng Index falling 0.92% around the 27,000-point mark, and the Hang Seng Technology Index leading the decline with a drop of 1.59%. Affected by concerns over intensified AI competition, internet technology stocks fell broadly, with Tencent Holdings down 2.28%; the catering sector saw a significant pullback, with Meituan dropping 4.73%. Funds focused on AI applications and restructuring concepts, with KNOWLEDGE ATLAS, MiniMax, and others rising against the trend, while BOER POWER surged over 112% due to restructuring expectations. Market sentiment remains cautious, awaiting guidance from macroeconomic data

- On February 12, Hong Kong's three major stock indices declined collectively, indicating cautious market sentiment after hitting peak levels the previous day.  
- The Hang Seng Index fell by 0.92% to 27,014.81, while the Hang Seng Tech Index experienced a 1.59% drop, and the Hang Seng China Enterprises Index decreased by 1.02%.  
- Concerns over intensified competition among AI models affected various sectors, particularly internet content, retail, and restaurant segments, leading to a generally defensive investor mood awaiting further policy guidance.

Market Heartbeat

TENCENT

KUAISHOU-W

BIDU-SW

BABA-W

JD-SW

MNSO

MEITUAN

HAIDILAO

YUM CHINA

MINIMAX-WP

ILUVATAR COREX

UNISOUND

CSOP HS TECH

Tianhong Hang Seng TECH ETF(QDII)

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

Hang Seng Index

Hong Kong stock market intraday | Hang Seng Tech Index fell 1.59%, with the restaurant and internet sectors experiencing widespread declines, Meituan dropped 4.73%, and BOER POWER surged 112%

XIACY

TCTZF

BABA

01810

TCEHY

The short selling amount in the Hong Kong stock market reached HKD 16.05 billion in the half-day session, accounting for 15.3% of the total shortable shares traded. The main shorted stocks include Meituan-W with a short selling ratio of 31.8% and a short selling amount of HKD 1.15 billion; Zijin Mining with a short selling ratio of 35.2% and a short selling amount of HKD 1.06 billion; Tencent Holdings with a short selling ratio of 6.8% and a short selling amount of HKD 850 million; Xiaomi Group-W with a short selling ratio of 25.4% and a short selling amount of HKD 730 million; Alibaba-W with a short selling ratio of 12.5% and a short selling amount of HKD 600 million

AASTOCKS

Xiaomi Corporation

Zijin Mining

KraneShares 2x Long BABA Daily ETF

Tencent Holdings Limited

Alibaba

XIAOMI-W

ZIJIN MINING

Tencent

BABA 2x Long Daily ETF - GraniteShares

The short selling in Hong Kong stocks for half a day reached HKD 16.05 billion, accounting for 15.3% of the total turnover of shortable stocks

On February 12th, the Hong Kong stock market closed at noon, with the three major indices collectively adjusting after yesterday's surge, and the Hang Seng TECH Index fell by 1.68%. Technology heavyweight stocks were all weak, with Meituan leading the decline, dropping 4.16%, while Tencent and Alibaba also weakened simultaneously. The catering and retail sectors were dragged down by market sentiment. Despite the overall market weakness, ZIJIN MINING rose against the trend by 2.25%, and YOFC surged by 11.35%. Market funds have entered a wait-and-see period, awaiting inflation data to verify the sustainability of consumer recovery

- On February 12, Hong Kong stocks experienced a technical correction after a previous surge, with major indices all declining.  
- The Hang Seng Index fell 0.89% to 27,024.06, while technology and retail sectors were notably affected, with Tencent down 2.65% and Meituan down 4.16%.  
- Market sentiment is cautious ahead of upcoming macroeconomic data releases, including CPI and unemployment rates, vital for assessing the sustainability of local consumption recovery.

BILIBILI-W

HPC HOLDINGS

HANVEY GROUP

FL2 CSOP HSI

YOFC

FI CSOP HSI

Meituan

FI2 CSOP HSI

Hong Kong Stock Market Mid-Review | The Hang Seng Index fell 0.89%, technology weights weakened across the board, Meituan plummeted 4.16%, and YOFC surged 11.35%

512720

513770

513040

KWEB

MCHI

JP Morgan's report points out that Tencent may be the biggest beneficiary of the new version iteration of DeepSeek, especially when released during the Lunar New Year. If the new version can significantly reduce inference costs, AI will become more economical and can be embedded in high-frequency consumer products. The report also mentions that Trip.com, Kuaishou, and Beike will benefit, while Alibaba and Baidu will have a smaller impact. The capability enhancements of Zhizhu and MiniMax will be reflected in the API monetization process

Guotai CSI Computer Theme ETF

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

Krne Csi China Internet

iShares MSCI China

Morgan Stanley expects Tencent to benefit the most from the DeepSeek new version iteration

On February 12th, the three major indices of the Hong Kong stock market collectively weakened during the session, with the Hang Seng TECH Index falling by 1.58%, leading the market decline. Affected by the escalation of the AI model war, the internet and retail sectors experienced widespread declines, with heavyweight stocks such as Tencent Holdings, Meituan, and Alibaba under pressure. Market sentiment has turned cautious, with funds closely monitoring macro data such as retail sales and imports and exports to verify the strength of the economic recovery

- On February 12, Hong Kong's stock indices experienced a collective downturn after reaching yesterday's highs, with the Hang Seng Index down 0.68% to 27,082.16 points.  
- The technology sector faced significant losses, particularly the Hang Seng Tech Index, which fell 1.58%, pressured by concerns over competition in the AI market.  
- Investors are focusing on macroeconomic data for February, especially retail sales and import-export figures, to gauge local consumption recovery and external demand resilience.

JD-SWR

LEMO SERVICES

Hong Kong stock market intraday | Hang Seng TECH Index down 1.58%, Tencent down 2.83%, Meituan down 3.38%

The Spring Festival raid tactic of DeepSeek in 2025 has become an industry textbook case. By 2026, everyone has learned this trick. ByteDance, Alibaba, KNOWLEDGE ATLAS, and DeepSeek have intensively released flagship models during the "Spring Festival" period, shifting the focus of competition from purely model performance to "efficiency" and the implementation of "intelligent agents." Analysis indicates that if DeepSeek V4 achieves cost reduction in inference, it will drive AI from standalone apps to being "embedded" in high-frequency applications like WeChat, with Tencent likely becoming the biggest beneficiary

- The 2026 Spring Festival signals intense competition among China's AI giants for market entry, with a surge in flagship model releases this year.  
- Leading players like ByteDance, Alibaba, and DeepSeek are launching multiple AI models to capture consumer attention, with predictions of a "winner-takes-all" scenario emerging from simultaneous releases.  
- While Tencent is expected to benefit most from these developments, the actual market adoption of AI applications hinges on resolving reliability and latency issues during user testing.

Wallstreetcn

China's large model "Spring Festival 档" is launched! Waiting for consumer-grade AI to produce "blockbusters"

02388

00003

The government has launched a summer internship program in collaboration with 29 large enterprises to provide Hong Kong youth with internship opportunities in the mainland and overseas. Participating companies include Tencent, HK & CHINA GAS, BOC HONG KONG, among others. The internship positions are spread across multiple provinces and cities as well as overseas countries, covering various fields such as finance, innovation and technology, and pharmaceuticals

BOC HONG KONG

HK & CHINA GAS

The government partners with 29 large enterprises to provide Hong Kong youth with summer internship opportunities both domestically and internationally

01211

The Nasdaq Golden Dragon China Index initially fell by 0.6%. Among popular Chinese concept stocks, WeRide fell by 5.5%, NetEase fell by 4%, YUM China, Baidu, Tencent, Alibaba, and Meituan all fell by over 1%. XPeng rose by 1.6%, Li Auto rose by 1.8%, Nio rose by 2.1%, BYD rose by 2.8%, and Xiaomi rose by 3.9%

YUM China

NetEase

BYD Company Limited

Baidu

BYD Company

XPENG-W

BYD COMPANY

XPeng

ByteDance is launching a promotional campaign for its AI apps by giving away over 100,000 tech products, including robot dogs and drones, to Chinese customers for Lunar New Year. This initiative aims to boost user engagement and compete with rivals like Alibaba and Tencent. Winners will receive usage rights for premium electric vehicles integrated with ByteDance's Doubao AI assistant. Analysts suggest this strategy minimizes long-term costs while maintaining visibility. Despite a large user base, monetization remains a challenge for Chinese AI app developers, with only four making it to the top 100 globally by annual recurring revenue.

- ByteDance is promoting its Doubao chatbot by offering over 100,000 tech products and up to 8,888 yuan in red packets to celebrate the Lunar New Year.  
- This strategy aims to boost customer engagement and compete with rivals such as Alibaba and Tencent, while also reducing long-term risks associated with product ownership.  
- Despite a large user base, the Chinese AI app market struggles with monetization, with only four out of the top 100 AI apps by annual recurring revenue being Chinese.

Tip Ranks

ByteDance Offering Free Robot Dogs and EVs as Lunar New Year AI War Heats Up

09992

According to the Hong Kong Stock Connect data, Tencent had a net inflow of HKD 736 million, while Meituan and POP MART had net inflows of HKD 163 million and HKD 144 million, respectively. Alibaba, SMIC, and Changfei had net outflows of HKD 521 million, HKD 391 million, and HKD 160 million, respectively. In the Hong Kong Stock Connect (Shanghai), SMIC had a net inflow of HKD 445 million, while Xiaomi Group had a net outflow of HKD 274 million. The southbound total net outflow was HKD 0, with a total transaction amount of HKD 90.782 billion, accounting for 41.79% of the total market transaction amount

POP MART

Net inflow of HKD 736 million for Tencent through Stock Connect

The Hang Seng Index has risen for three consecutive days, closing today at 27,266 points, an increase of 0.3%. The net inflow from the northbound trading was HKD 4.816 billion, with the total market turnover reaching HKD 217.218 billion. The US Dollar Index has declined, with increasing market expectations for a rate cut in the United States. The performance of tech stocks was mixed, with Xiaomi's stock price rising nearly 4.3%, while Tencent and Alibaba saw slight declines. The quarterly review results released by MSCI showed that SenseTime and Pony.ai's stock prices rose by 2.9% and 2.6%, respectively

The Hang Seng Index rises for three consecutive days, with net inflow from northbound capital exceeding 4.8 billion; Xiaomi and BYD rise

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The total short selling amount in the Hong Kong stock market reached HKD 33.97 billion, accounting for 17.9% of the trading volume of shortable stocks. Among them, the short selling ratio of CSOP HS TECH was the highest at 56.5%, with a short selling amount of HKD 2.44 billion. Alibaba's short selling ratio was 18.7%, amounting to HKD 1.56 billion; TENCENT's short selling ratio was 10.8%, amounting to HKD 1.4 billion; XIAOMI's short selling ratio was 14.3%, amounting to HKD 1.18 billion; and the TRACKER FUND's short selling ratio was 13%, amounting to HKD 1.07 billion

TRACKER FUND

The total short selling in the Hong Kong stock market for the day was HKD 33.97 billion, accounting for 17.9% of the turnover of shortable stocks

On February 11th, the three major indices of the Hong Kong stock market closed higher collectively, with market sentiment warming up. The Hang Seng Tech Index led the gains, closing at 5499.99 points. In terms of sectors, hardware and automotive stocks performed strongly, with Xiaomi Group surging 4.27% on news of new vehicles, and Bilibili rising over 5% due to valuation recovery; the internet and retail sectors showed mixed performance, with Tencent and Alibaba experiencing slight pullbacks. Capital competition was intense, as the market awaited guidance from macro data such as retail sales and CPI

- On February 11, the Hong Kong stock market showed resilience, with major indices closing positively; the Hang Seng Index rose 0.31% to 27,266.38 points.  
- Notable performers included Xiaomi Group, up 4.27% driven by positive sentiment from new SUV announcements, while the Hang Seng Tech Index climbed 0.90%.  
- Investors are closely monitoring upcoming retail sales and CPI data to gauge the recovery of local consumption amidst cautious market sentiment.

LENOVO GROUP

RIDGE OUTDOOR

ELEGANCEOPTICAL

HAO BAI INTL

ONEROBOTICS

MANY IDEA CLOUD

SMIC

Hong Kong stocks closed | All three major indices rose, with the Hang Seng Tech Index up 0.90%, and Xiaomi Group rising over 4%

Tesla has partnered with Tencent's cloud unit to enhance its electric vehicles in China with next-gen cabin technology. This collaboration will integrate WeChat location data into Tesla cars, providing smart driving suggestions. The new features will be available for Model 3 and Model Y through over-the-air updates and will be standard in all new models.

- Tesla has partnered with Tencent's cloud unit to enhance its electric vehicles in China.  
- This collaboration will integrate WeChat location data into Tesla cars, providing smart driving suggestions.  
- The updated features will be included in Tesla's Model 3 and Model Y through over-the-air updates and will be standard in new models.

GraniteShares 1.25 Long TSLA Daily ETF

Tesla

GraniteShares 2x Long TSLA Daily ETF

T-Rex 2X Long Tesla Daily Target ETF

Simplify Volt TSLA Revolution ETF

Leverage Shares 2X Long TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

GraniteShares 2x Short TSLA Daily ETF

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

XI2CSOPTSLA

Tesla Teams Up with Tencent to Bring Next-Gen EV Cabin Tech to China

30-40% upside potential. Mainly driven by AI, gaming, advertising growth. A great giant ETF company🤣. Too expensive to buy and hold for retail investor.

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

Fattycat

BABA Return Rate

BABA Diamond Holder

我想问真观点

What is Tencent's upside potential?

TENCENT-R

Tencent HK SDR 10to1

KC1028

This Lunar New Year, China’s tech giants kicked off a new round of AI wars.Alibaba launched a ¥3B “Spring Festival Treat” campaign, driving 10 million free milk tea orders in 9 hours across its platforms. Tencent invested ¥1B into WeChat’s “Yuanbao” AI red packets to deepen engagement.ByteDance took another path — its Dream platform released Seedance 2.0, a video AI model that boosts usable output for short clips to over 90%, far above the ~20% industry average.Beyond subsidies, this battle is about who can truly integrate AI into daily life. The holiday rush helps shape habits, gather data, and train models — all aiming to become the go-to “AI ask” gateway.The winner won’t just get traffic, but could define the super-app of the AI era.So — who’s your pick? Alibaba’s commerce, Tencent’s social grip, or ByteDance’s tech edge?$Alibaba(BABA.US)$BABA-W(09988.HK)$BABA-WR(89988.HK)$Tencent(TCEHY.US)$TENCENT(00700.HK)

Yuanbao

The Battle for the AI Gateway: Who Wins?This Lunar New Year, China's tech giants unleashed a new wave of AI application wars. Alibaba's &#34;Spring Festival Treat&#34; campaign, backed by ¥3B, offered deals across e-commerce and local services, logging 10 million free milk tea orders in 9 hours. Tencent doubled down on its WeChat ecosystem, investing ¥1B into its &#34;Yuanbao&#34; AI red packet feature to boost engagement.ByteDance played a different card. Its Dream platform launched Seedance 2.0, a new video AI model. A key breakthrough: it boosted the usable output rate for 15-second clips to over 90%, far above the ~20% industry average, slashing generation costs.Beyond subsidies, this battle tests real AI integration and ecosystem strength. The holiday season is a prime testing ground to shape user habits, collect data, and train models—all fighting to become users' first-choice &#34;AI ask&#34; portal.The stakes? It's not just about traffic. It's about defining the super-app gateway for the AI era, which will ripple across the entire investment landscape.So, who's your pick for the ultimate AI gateway? Alibaba with its commerce power, Tencent with its social lock-in, or ByteDance with its tech edge?

Today’s Key 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...

BABA-WR

Amazon

Roblox

LI AUTO-W

Li Auto

DingDong

NIO-SW

NIO Inc. USD OV

Alibaba HK SDR 5to1

MEITUAN-WR

Meituan HK SDR 5to1

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

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Conference Minutes

Below is Dolphin Research's Trans on $Roblox(RBLX.US) Q4 2025 earnings call. Title: 'Software Slump? RBLX: Closed-Loop Ecosystem; Genie Won't Disrupt It'.I. Key earnings recap. 1) Q4 2025 results: revenue of $1.4bn (+43% YoY); bookings of $2.2bn (+63% YoY); DAUs +69% YoY.Engagement reached 35bn hours (+88% YoY). Monthly paying users: nearly 37 mn...

Genius Sports

RBLX (Trans): GenAI won't solve 3D online multiplayer issues

TSM Return Rate

Good Morning..Year of the Horse riding into 2026, watching Tencent HK0700 closely. Drop almost 4% yesterday, hoping to make an entry @ 500 or lower.

Feb 4 | Dolphin Research Focus: 🐬 Macro/Industry — Anthropic launched a productivity tool for in-house counsel, integrated into the Claude suite. It automates contract review, NDA triage, legal-brief drafting, and templated responses, and can be tailored to a company's risk appetite. The company emphasized it is assistive only and should be used after review by a licensed attorney.On the headline, legal software and data-service stocks plunged. Sentiment quickly spread to broader software names, triggering a market selloff...

NVIDIA

Uber Tech

EASTROC BEVERAGE

EASTROC

New AI tools trigger software selloff; WeChat cracks down on Yuanbao violating links | Daily News Recap

The key issue isn’t whether taxes go up overnight, but how services gradually move from “growth” to “mature” tax brackets.

UBTENCT@EC2604D(22134.HK)

Hong Kong stock market intraday | Hang Seng Tech Index fell 1.59%, with the restaurant and internet sectors experiencing widespread declines, Meituan dropped 4.73%, and BOER POWER surged 112%

The short selling in Hong Kong stocks for half a day reached HKD 16.05 billion, accounting for 15.3% of the total turnover of shortable stocks

Hong Kong Stock Market Mid-Review | The Hang Seng Index fell 0.89%, technology weights weakened across the board, Meituan plummeted 4.16%, and YOFC surged 11.35%

Morgan Stanley expects Tencent to benefit the most from the DeepSeek new version iteration

Hong Kong stock market intraday | Hang Seng TECH Index down 1.58%, Tencent down 2.83%, Meituan down 3.38%