JPBAIDU@EC2604B

Baidu Distributes $4.5 Billion in Red Envelopes for AI Entry War

BIDU-SW to Release FY2025 Q4 Earnings on February 26, 2026, Pre-Market BJT; Forecast Revenue HKD 37 B, EPS HKD 7.3136

Baidu's AI Product Growth During Spring Festival Draws Doubt

Baidu Integrates OpenClaw into Search App to Capture Traffic Bonuses

Baidu's Official E-commerce Skill Launched on ClawHub

Baidu App Announces Support for One-Click Invocation of OpenClaw AI Agents

Baidu Wenxin Assistant Sees a Quadruple Increase in Monthly Active Users and a Burst in AI Function Usage

Baidu App Wenxin Assistant Sees Significant Increase in Active Users and Function Usage During Spring Festival

Baidu's Apollo Go Partners with Uber to Launch Fully Autonomous Ride Services in Dubai

Baidu Launches Global Search and Baidu Encyclopedia International Version to Accelerate Overseas Expansion

BaiduWiki launches international version of Baidu Encyclopedia

Baidu Announces Q4 2025 Earnings Forecast and Business Transformation Progress

Baidu Launches O Plan Project to Enhance AI Features of Baidu App

Baidu Intelligent Cloud Launches OpenClaw Rapid Deployment Solution

Baidu Aims to Partner with HKSAR Government to Promote Intelligent Transportation System Construction

Baidu's RoboTaxi Launches Fully Autonomous Service in Dubai

Baidu Plans 39 Billion Yuan Buyback and Possible First Dividend Payment This Year

WeChat Blocks Baidu Red Envelope Links, Baidu Adjusts to Password Red Envelopes

Baidu Group Plans to Issue First Dividend and Implement Stock Repurchase Plan

Baidu Announces $5 Billion Stock Repurchase Plan

STARCOIN GROUP

DAISHOMICROLINE

IDT INT'L

GUANZE MEDICAL

BOER POWER

KNOWLEDGE ATLAS

CHINA INFO TECH

QINGHUA HOLD

SUPER STRONG

HAIZHI TECH GP

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09888

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KNOWLEDGE ATLAS(02513) rose 42.72%, with a trading turnover 3.2 Billion HKD, and a year-to-date rose 523.9%. MINIMAX-WP(00100) rose 14.52%, with a trading turnover 3.5 Billion HKD, and a year-to-date rose 487.9%. JD HEALTH(06618) fell 6.27%, with a trading turnover 341.2 Million HKD, and a year-to-date rose 2.4%. BIDU-SW(09888) fell 6.25%, with a trading turnover 2.5 Billion HKD, and a year-to-date fell 1.9%.

- The Hang Seng Index fell by 1.1%, with a year-to-date increase of 3.1%, while the Hang Seng Tech Index decreased by 2.91% and is down 5.5% year-to-date.  
- Notable stocks include Zhizhi (02513), which rose by 42.72% with a turnover of 3.24 billion HKD, and MINIMAX-WP (00100), which gained 14.52% with a turnover of 3.53 billion HKD.  
- Conversely, JD Health (06618) and Baidu-SW (09888) declined by 6.27% and 6.25%, respectively, with year-to-date performances of 2.4% and -1.9%.

Top Gainers & Losers

MINIMAX-WP

CHINA RAILWAY

SANHUA

BEONE MEDICINES

JD HEALTH

BIDU-SW

HUA HONG SEMI

TME-SW

CTG DUTY-FREE

Top 5 HK Stock Gainers/Losers (>100B) (2.20)

On the first trading day of the Year of the Horse, Hong Kong stocks opened lower, with the Hang Seng Index closing down 161 points at 26,544 points, and a turnover of HKD 91.755 billion. The Tech Index fell 122 points, with Baidu dropping 5.66%, making it the worst-performing blue chip. Alibaba, Tencent, and others also declined. AI stocks performed strongly, with KNOWLEDGE ATLAS and Dolphin Research both rising over 19%. Historical data shows that the Hang Seng Index has performed poorly in the Year of the Horse, with only one increase in the past four Year of the Horse red plate dates

- On the first trading day of the Year of the Horse, Hong Kong's Hang Seng Index opened lower, dropping by 161 points to close at 26,544 points.  
- Tech stocks, including Baidu and Alibaba, faced significant declines, while AI-related stocks surged due to interest from the Lunar New Year celebrations.  
- Analysts predict a short-term target range for the Hang Seng Index between 26,500 and 27,000 points, with expected increased activity in AI manufacturing and robotics sectors.

Stheadline

The Hang Seng Index fell 161 points in the half-day session, Baidu dropped by half, AI stocks surged, with KNOWLEDGE ATLAS and Dolphin Research rising by 19% | Hong Kong stock market opens

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BABX

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BIDU

After the Spring Festival holiday, the Hong Kong stock market reopened, with the Hang Seng Index opening down 48 points at 26,657 points. Technology stocks Alibaba and Baidu both opened down 3%. COSCO SHIPPING Energy opened up 6.1%, and CNOOC opened up 2.2%. Other commodity stocks such as CHINAGOLDINTL and Minmetals Resources also saw increases. The market is focused on the U.S. military decisions regarding Iran and the Supreme Court's ruling on the tariff case. The Dow Jones Industrial Average fell 267 points, or 0.5%

AASTOCKS

BABA-W

CHINAGOLDINTL

Alibaba

COSCO SHIPPING Energy

Hang Seng Index

BABA 2x Long Daily ETF - GraniteShares

COSCO SHIP ENGY

Baidu

"Hong Kong Stocks" The Hang Seng Index opened 48 points lower, Alibaba and Baidu declined, COSCO SHIPPING Energy surged over 6%

KBAB

518880

09626

06181

STECH

On the first trading day of the Year of the Horse for Hong Kong stocks, the Hang Seng Index opened down 0.18%, and the Hang Seng TECH Index opened nearly 0.7% lower. BILIBILI-W fell nearly 4%, while Alibaba and Baidu Group both dropped about 3%. LAOPU GOLD rose nearly 1%, and the company will adjust product prices on February 28. The market has risks, and investment should be cautious

Wallstreetcn

KraneShares 2x Long BABA Daily ETF

Huaan Yifu Gold ETF

BILIBILI-W

LAOPU GOLD

Hang Seng TECH Index

Hong Kong stock market's first trading day of the Year of the Horse: Hang Seng Index opened down 0.18%, Hang Seng TECH Index opened nearly 0.7% lower

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01179

The NASDAQ Golden Dragon China Index preliminarily closed down 0.4%. Among popular Chinese concept stocks, Jinko Solar fell 2.4%, Trip.com fell 2.2%, YUM China, Qifu Technology, and WeRide fell over 1%, Alibaba fell 0.9%, and Baidu fell 0.7%. Meanwhile, GDS, KINGSOFT CLOUD, and Daqo Energy rose at least 0.6%, and HWORLD rose 1.6%

Daqo Energy

HWORLD-S

Direxion FTSE China Bull 3X

NASDAQ Golden Dragon China Index

Roundhill China Dragons ETF

KINGSOFT CLOUD

YUM China

Trip.com

GDS-SW

Jinko Solar

Invesco Golden Dragon China

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002594

01211

TCEHY

KWEB

TCTZF

MCHI

The NASDAQ Golden Dragon China Index initially closed down 0.1%. Among popular Chinese concept stocks, Pinduoduo initially rose over 1%, Meituan, YUM CHINA, New Oriental, Tencent, BYD, Baidu, and Alibaba rose by up to 0.9%, Li Auto fell by 0.3%, XPeng fell by 0.9%, and WeRide fell by 3.8%

YUM CHINA

Global X China Consumer

BYD COMPANY

MEITUAN

NEW ORIENTAL-S

GraniteShares 2x Long PDD Daily ETF

Tencent

Krne Csi China Internet

Global X E-commerce ETF

Tencent Holdings Limited

iShares MSCI China

KraneShares 2x Long PDD Daily ETF

00700

Chinese tech companies are launching new AI products during the lunar new year, with ByteDance's Seedance 2.0 and Zhipu AI's GLM5.0 gaining significant attention. JPMorgan recommends buying Zhipu AI and MiniMax, which is also launching a new model. The success of these launches could benefit Tencent and other companies, while Alibaba and Baidu may experience mixed effects. Analysts emphasize the importance of integrating AI models into consumer products for success and suggest that these releases could help close the gap with global competitors like Google and OpenAI.

- Chinese tech companies are launching products during the lunar new year holidays to capture consumer attention, with ByteDance's Seedance 2.0 and Zhipu AI's GLM5.0 leading the focus.  
- Analysts from JPMorgan suggest that these launches could impact stocks like Tencent and MiniMax, while Alibaba's outcome may be mixed due to its Qwen app push.  
- The success of these models hinges on their integration into consumer products, which could narrow the gap with established global AI models and solidify their market position.

Dow Jones

TENCENT

These might be the winners from the latest round of Chinese new year AI launches

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Alibaba has upgraded its AI model to Qwen3.5, enhancing its capabilities in text, image, and video processing. This move comes amid intensifying competition in China's AI sector, with rivals like Baidu and Tencent also launching upgrades. Alibaba is investing heavily in AI and cloud systems, expanding its Qwen app to include services like food delivery and travel bookings. Analysts are optimistic about Alibaba's stock, with a Strong Buy consensus and a price target suggesting a potential upside of over 30%.

- Alibaba has upgraded its AI model to Qwen3.5, enhancing capabilities for text, image, and video processing, aiming to strengthen its position in China's AI market.  
- This release coincides with intensified competition from rivals like Baidu and Tencent as they prepare for a surge in product launches during the Lunar New Year.  
- Analysts support Alibaba's prospects, reflected in a Strong Buy consensus rating for its stock, projecting significant upside potential.

Tip Ranks

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

Tianhong CSI Computer Theme ETF

Yinhua MSCI China A ETF

Global X Cloud Computing ETF

iShares China Large Cap

Guotai CSI Computer Theme ETF

YieldMax BABA Option Income Strategy ETF

Alibaba (BABA) Upgrades Qwen AI Model as China's Tech Giants Battle for Users

BYDDY

Chinese tech stocks, led by Alibaba (BABA), fell after the U.S. Defense Department briefly listed several firms, including Alibaba, Baidu, and BYD, as military-linked. Alibaba's stock dropped over 3%, while Baidu and BYD fell about 1%. Although the list was later removed, it unsettled investors, recalling past market reactions to similar listings. Despite the concerns, Wall Street analysts maintain a positive outlook, with Alibaba rated as a Strong Buy and expected to rise by 30%. Baidu and BYD also show strong potential with 24% and 28% upside, respectively.

- Alibaba Group's stock declined over 3% after the U.S. Defense Department briefly listed it and other companies as linked to China's military.  
- Despite the list being unpublished, it unsettled investors, raising concerns about potential repercussions for Alibaba, Baidu, and BYD in the market.  
- Analysts maintain a Strong Buy consensus for all three companies, with Alibaba showing the highest expected return of about 30% upside.

BYD Company

Why Are Chinese Tech Stocks Down Today? Alibaba (BABA) Leads Sell-Off

89888

HXXD

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XIACY

HBUD

上週末，趁着國內臨近春節，美國又耍了個&#34;小手段&#34;，其國防部一度宣佈將包括阿里、百度、比亞迪在內的多家公司納入 Chinese Military Companies、即 CMC 清單。導致阿里等受影響的公司股價盤前一度跳水，但隨後美國防部又 “玩鬧式” 地迅速將此公告撤回了，相關公司最後也收回了大多數跌幅。實際上，美國的這種 “小手段” 已用過多次，海豚君在此前的《中概退市：這次 “狼真會來”？別怕，不是末日！》中有過比較詳細的討論，多少有些見怪不怪了。首先，被納入 CMC 清單的直接影響只是 -- 被禁止與美國國防部及其相關方進行合作往來，但不會直接影響美國資金投資於 CMC 清單內的企業，和直接影響民間的生意往來。只有被納入 “升級版” 的 NS-CMIC 清單內的企業才會被直接禁止美國資金對其進行投資，進而對相關公司股價產生實際性影響。但該 “NS-CMIC” 名單自 21 年 12 月後就再無更新。此前，小米和騰訊也曾短暫被納入國 CMC 清單，但隨後經過上述或溝通都被移出了清單，短暫的恐慌性下跌反而給了不錯的入場機會。結合這個小動作的時間節點，和發佈後又立刻撤回的操作，海豚君當前傾向於這更多隻是美國趁着國內喜慶過年時故意 “噁心”、並試探一下中方政府的態度，為特朗普可能在 4 月的訪華談判上一些籌碼。綜上，海豚君目前覺得大概率不會有什麼實質性的影響，但也不能排除之後美國不會又再有拉扯，把撤回的公告再發布出來，保持關注吧。$Alibaba(BABA.US) $Baidu(BIDU.US)

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Hong Kong stocks opened lower today, with the Hang Seng Index down 65 points to 26,501 points, and the National Index and Hang Seng Tech Index also opening lower. CATL and CMOC opened higher, while Alibaba and Baidu opened lower due to being listed on the U.S. military enterprise list. Meituan issued a profit warning, expecting a loss of 23.3 billion RMB last year, leading to a lower opening for its stock price. Overall market performance is relatively weak, with technology stocks generally declining

CATL

CMOC

Meituan

"Hong Kong Stocks" The Hang Seng Index opened 65 points lower, CATL and CMOC opened higher, while Alibaba and Baidu were relatively weak

On February 13th, the State Administration for Market Regulation interviewed seven platform companies, including Alibaba, Douyin, Baidu, Tencent, JD.com, Meituan, and Taobao Flash Sale, requiring them to strictly comply with relevant laws and regulations, fulfill their main responsibilities, standardize promotional activities, and eliminate "involution" competition to maintain a fair competitive market environment and promote the innovation and healthy development of the platform economy

KraneShares 2x Long JD Daily ETF

JD.com

JD LOGISTICS

JD-SW

ALI HEALTH

The State Administration for Market Regulation interviewed 7 platform companies

SOXL

SOXX

In early 2026, Baidu Group announced that its non-wholly-owned subsidiary Kunlun Core has submitted a main board listing application to the Hong Kong Stock Exchange. Kunlun Core is expected to start its investor roadshow after the Spring Festival, prioritizing existing shareholders of Baidu. Its valuation after the D round financing in July 2025 was 21 billion yuan

VanEck Semiconductor ETF

SPDR S&P Semicon

Invesco Semiconductors ETF

Direxion Semicon Bull 3X

iShares Semiconductor ETF

Kunlun Core secretly submitted a report, prioritizing investors from existing Baidu shareholders

BYDDF

The Pentagon briefly added Alibaba and BYD to its list of companies with alleged ties to the Chinese military, raising concerns of heightened U.S.-China tensions ahead of the Trump-Xi summit in April. The updated list, which also included Baidu, was reportedly withdrawn shortly after submission. While inclusion on the list does not impose immediate legal consequences, it poses reputational risks and suggests potential future punitive measures. The move follows U.S. intelligence warnings regarding Alibaba's national security threat and BYD's legal battle over tariffs on Chinese electric vehicles.

- The Pentagon named Alibaba Group and BYD Co. as companies with alleged ties to the Chinese military but quickly withdrew the updated document.  
- This decision could heighten tensions between the U.S. and China ahead of the upcoming summit between Presidents Trump and Xi Jinping.  
- While being listed does not have immediate legal consequences, it poses reputational risks and could lead to future punitive measures from the United States.

benzinga_article

BYD Company Limited

Pentagon Adds Alibaba, BYD To Chinese Military List, Then Reportedly Pulls Filing As Trump-Xi Meet Looms

In today’s pre-mkt summary for Subscribers: Stocks rose as sentiment improved after yesterday’s volatile session, with traders awaiting today’s release of minutes from the Jan 27-28 Fed meeting for clues in the Fed’s forward rate path. 10yr Treasury yields rose and precious metals recovered. We continue to expect equities to reach new highs as cooling inflation and slowing employment growth raise the odds of earlier Fed rate cuts, with money markets pricing in two cuts by year-end. We see stocks as neither under- or over-valued: 2026 S&amp;P 500 EPS growth of +12% implies a forward P/E of 22.1x (4.5% earnings yield) and a ~50bp premium to 10-year Treasuries, consistent with historical non-recessionary norms. We remain cautious on $Tesla(TSLA.US) as the bull case for TSLA being the only one to solve for general unsupervised autonomy continues to weaken with $Alphabet - C(GOOG.US), $Baidu(BIDU.US), $WeRide(WRD.US), $Pony AI(PONY.US), and $Amazon(AMZN.US) completing 750K paid unsupervised rides per week, and $NVIDIA(NVDA.US) about to offer its full autonomy stack to OEMs starting 1H 2026, which we believe will democratize unsupervised autonomy.

BIDU ADR US

BIDU-SWR

WeRide

Baidu HK SDR 10to1

WERIDE-W

Tesla

That's right. Good companies won't be affected much. Most of their business is in China. Happy Chinese New Year.

JPBAIDU@EC2604B(22833.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.20)

The Hang Seng Index fell 161 points in the half-day session, Baidu dropped by half, AI stocks surged, with KNOWLEDGE ATLAS and Dolphin Research rising by 19% | Hong Kong stock market opens

"Hong Kong Stocks" The Hang Seng Index opened 48 points lower, Alibaba and Baidu declined, COSCO SHIPPING Energy surged over 6%

Hong Kong stock market's first trading day of the Year of the Horse: Hang Seng Index opened down 0.18%, Hang Seng TECH Index opened nearly 0.7% lower