UBJDCOM@EP2606A

CT IND GROUP

KEEN OCEAN

EPI (HOLDINGS)

MOBI DEV

MS CONCEPT

NANFANG COMM

CCOE

HK ENT INTL

IDT INT'L

PUTIAN COMM

09888

09618

BIDU

Baidu revealed in its 2025 earnings call that the number of digital human live streams on its platform in December increased by nearly 200% year-on-year. Huibo Star's digital human technology has provided services for companies such as JD.com and TikTok, demonstrating its application potential across multiple industries

Wallstreetcn

KraneShares 2x Long JD Daily ETF

BIDU-SW

JD-SW

Baidu

JD.com

Baidu HuiBoXing digital humans have served companies such as JD.com and TikTok

01617

00005

09988

09896

00700

01024

Hong Kong stocks experienced a collective pullback today, with the three major indices retreating after reaching highs. The Hang Seng Index closed down 1.44%, and the Hang Seng Tech Index plummeted 2.87%. On the market, tech stocks and retail stocks showed weakness, with significant declines in heavyweight stocks like Alibaba and Kuaishou; bank stocks exhibited mixed performance, with HSBC Holdings rising 1.61% against the trend, supporting the market. Funds have not completely withdrawn, as the telecommunications equipment sector was in demand, with NANFANG COMM and MOBI DEV seeing significant price increases. On the macro front, the market is closely monitoring economic data from early 2026 to assess the sustainability of the recovery

- Hong Kong stocks experienced a collective pullback today, with the Hang Seng Index dropping 1.44% to close at 26,381.02 points after recent highs.  
- The Hang Seng Tech Index fell 2.87%, indicating significant profit-taking, while retail and internet sectors also showed declines amid a subdued market mood.  
- Investors are focusing on macroeconomic signals for early 2026, watching GDP growth and inflation rates to assess economic recovery and stock valuation trends.

Market Heartbeat

HSBC HOLDINGS

BABA-W

MNSO

TENCENT

KUAISHOU-W

ICBC

KPM HOLDING

KraneShares 2x Long BABA Daily ETF

Alibaba

Hang Seng Index

ISHARESHSI

Hong Kong Stock Market Closing | The Hang Seng Index fell by 1.44%, the Tech Index plummeted by 2.87%, Alibaba's decline exceeded 3%, and NANFANG COMM surged over 42%

IBUY

EBIZ

ONLN

02618

JD.com (NASDAQ:JD) is set to release its Q4 2025 earnings on March 5, 2026, before market opening. Analysts predict earnings of $0.07 per share and revenue of $49.7 billion. The company has a market cap of $39.45 billion and a current stock price of $27.54. Recent institutional investments have increased, with 15.98% of shares held by institutional investors. Analysts have mixed ratings on the stock, with a consensus rating of "Moderate Buy" and an average target price of $38.71.

- JD.com is set to announce its Q4 2025 results on March 5th, 2026, with anticipated earnings of $0.07 per share and revenue of $49.7038 billion.  
- Currently trading at $27.54, the company has a market capitalization of $39.45 billion and notable analyst ratings, including a "Moderate Buy" consensus.  
- JD.com operates a comprehensive online retail platform and has expanded into sectors such as digital marketplaces and cloud solutions, supported by an integrated logistics network.

Market Beat

Amplify Online Retail ETF

Global X E-commerce ETF

VanEck Retail ETF

SPDR S&P Retail ETF

ProShares Online Retail

JD LOGISTICS

JD.com (JD) to Release Quarterly Earnings on Thursday

On February 26th, the Hong Kong stock market sentiment turned cautious, with all three major indices retreating. The Hang Seng Index fell by 0.95%, and the Hang Seng TECH Index plummeted by 2.19%. Blue-chip stocks generally weakened, with Alibaba and Tencent Holdings dropping by 2.9% and 1.82%, respectively. The funding situation showed a clear divergence, with the demand for AI computing infrastructure driving the communication equipment sector to rise against the trend, as YOFC surged over 4%. The current market is in the pullback confirmation phase after a breakout, with macro-level attention focused on liquidity verification and signals of domestic demand recovery

- On February 26, Hong Kong stocks declined across all major indices, reversing previous gains due to profit-taking and cautious investor sentiment.  
- The Hang Seng Index fell 0.95% to 26,511.22 points, with significant losses in technology stocks, while communication equipment firms saw gains driven by AI infrastructure demand.  
- Market liquidity and domestic consumption recovery remain key focuses for investors, monitoring M3 money supply and retail sales for insights into economic resilience.

YOFC

DONGFANG ELEC

ILUVATAR COREX

FIT HON TENG

Tencent Holdings Limited

ALI HEALTH

CSOP HS TECH

Fullgoal CSI Communication Equipment Thematic ETF

Hang Seng TECH Index

Hong Kong Stock Market Update | The Hang Seng Index fell 0.95%, Alibaba dropped 2.9%, while the communication equipment sector surged against the trend

As of noon on February 26, Hong Kong stocks showed weakness across the three major indices, with the Hang Seng Index down 0.39% and the Hang Seng Tech Index falling 1.65%, leading the decline. In terms of sectors, retail and technology stocks generally retreated, with Alibaba down 2.09% and Kuaishou down 2.41%; the telecommunications equipment sector performed strongly against the trend, with Yangtze Optical Fibre and Cable rising 4.65% and Cambridge Technology up 5.02%. The market experienced a technical adjustment after reaching a peak, focusing on the endogenous momentum of economic recovery, with investment sentiment becoming cautious

- The Hong Kong stock market saw a collective decline in the main indices after reaching a peak, with the Hang Seng Index closing at 26,661.2 points, down 0.39%.  
- The technology sector led the decline, with the Hang Seng Tech Index falling 1.65%, attributed to significant technical corrections from recent highs.  
- While retail stocks fell, communication equipment stocks increased, driven by optimism around digital infrastructure policies.

FULUM GP HLDG

ZIJING INTL FIN

SINOPHARM TECH

Hong Kong Stock Market Mid-Review | Hang Seng Tech Index fell 1.65%, communication equipment stocks rose against the trend, Changfei Fiber increased by 4.65%, Alibaba dropped by 2.09%

The three major Hong Kong stock indices collectively adjusted during the session, with the Hang Seng TECH Index leading the market decline, down 1.57%. In terms of sectors, retailers, internet, and building materials sectors generally weakened, with heavyweight stocks under significant pressure. In terms of individual stocks, Alibaba fell 2.43%, Kuaishou dropped 2.56%, and CONCH CEMENT plummeted 7.19%. Market sentiment is becoming cautious, closely monitoring expectations for Federal Reserve policy and data on the recovery of the mainland economy

- The Hong Kong stock market experienced a collective decline, with the Hang Seng Index dropping 0.58% to 26,609.88 points as profit-taking pressure hindered further gains.  
- Notable declines were seen in the Hang Seng Tech Index and the Hang Seng China Enterprise Index, reflecting a cautious market sentiment amid concerns over economic recovery and the performance of various sectors.  
- Key stocks related to retail and construction suffered significant losses, while select small-cap stocks experienced sharp increases, indicating volatility and market speculation.

CONCH CEMENT

CNBM

WESTCHINACEMENT

MICROWARE

Dacheng Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

HSTECH ETF

Harvest Hang Seng SCHK Technology ETF

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng Tech Index down 1.57%, Alibaba down 2.43%, CONCH CEMENT down 7.19%

06618

JD.com's financial landscape in Hong Kong is evolving from compliance-level entry permits to brand building at the commercial level. According to publicly available information from the Hong Kong Intellectual Property Department, Bei…

- JD.com is expanding its financial services in Hong Kong with a recent trademark application for "JDA JD Insurance Consultant," which covers a wide range of financial services beyond traditional insurance.  
- The company has acquired an insurance brokerage license and is actively building a team, signaling a significant step in establishing its brand in the competitive Hong Kong insurance market.  
- While JD.com adopts a unique asset-light strategy compared to competitors, it faces challenges in adapting its successful mainland operations to the mature and heavily regulated Hong Kong market.

JD HEALTH

From obtaining the license to building the brand: JD.com has submitted the "Insurance Consultant" trademark

JD.com founder Liu Qiangdong announced an investment of 5 billion yuan to establish an independent yacht brand Sea Expandary, planning to develop the yacht industry in Guangdong, covering the entire industry chain including research and development, manufacturing, and sales. He hopes to launch yachts priced at 100,000 yuan in the future, allowing the working class to enjoy yacht life. Sea Expandary will focus on new energy intelligent yachts and has signed strategic cooperation agreements with local governments in Shenzhen, Zhuhai, and other areas to build yacht manufacturing bases and headquarters. The yacht economy will drive the development of related high-end industries and become an important lever for expanding service consumption

- On February 24, JD Group founder Liu Qiangdong announced the creation of an independent yacht brand, Sea Expandary, with a 5 billion yuan investment in Guangdong.  
- The brand plans to cover the yacht industry’s entire chain, including R&D, manufacturing, and sales, aiming to produce affordable yachts for the middle class.  
- Strategic agreements were signed with local governments for manufacturing bases, and the investment reflects China's significant growth potential in yacht consumption and related sectors.

Heading south to Guangdong, major investment! Liu Qiangdong officially announced: hoping to have a yacht worth 100,000 yuan, making it affordable for the working class

JD Group has applied for the "JDA JD Insurance Consultant" trademark, covering multiple areas such as insurance brokerage, consulting, and underwriting, reflecting its layout in the Hong Kong financial market. The trademark application has been received by the Hong Kong Intellectual Property Department, indicating JD's intention to expand its financial business

AASTOCKS

JD attacks the Hong Kong insurance market, applying for the "JD Insurance Consultant" trademark

09987

02513

01888

On February 24th, Hong Kong stocks closed with all three major indices significantly retreating, with the Hang Seng Index down 1.82% and the Hang Seng Technology Index down 2.13%. Dragged down by the adjustment in U.S. stocks and macroeconomic concerns, the technology and catering sectors saw widespread declines, with Meituan down 4.24% and Tencent Holdings down 3.35%. Despite the weak market, KNOWLEDGE ATLAS surged against the trend, driven by positive news from AI model breakthroughs, rising 12.14%, while YUM CHINA increased by 2.55% due to strong earnings reports. Market sentiment has turned cautious, facing short-term profit-taking pressure

- On February 24, Hong Kong stocks faced a significant retreat, with major indices, including the Hang Seng Index, falling by 1.82% after reaching a high phase.  
- The declines were attributed to profit-taking pressures and cautious market sentiment, particularly affecting the tech and retail sectors.  
- Investors are closely monitoring macroeconomic indicators, including retail sales and import-export data, to assess the sustainability of local consumption and external demand recovery.

MEITUAN

HAIDILAO

YUM CHINA

KNOWLEDGE ATLAS

KB LAMINATES

ADD NEW ENERGY

GIGADEVICE

Hong Kong Stock Market Closing | The Hang Seng Index fell 1.82%, technology and restaurant stocks were under pressure, while KNOWLEDGE ATLAS surged 12.14%

On February 24, 2026, Beijing time, the Hong Kong stock market collectively weakened in the afternoon, with all three major indices adjusting high and falling more than 2%. The Hang Seng Tech Index led the decline, dragged down by a pullback in AI themes. Technology stocks generally fell, with major stocks such as Tencent Holdings, Alibaba, and Meituan showing weak performance. Funds shifted towards defensive stocks and individual stock speculation, with Aito rising sharply against the trend due to positive acquisition news. On the macro level, the market is closely monitoring liquidity and the recovery of local consumption data, with investment sentiment leaning towards caution

- The Hong Kong stock market experienced a significant downturn, with major indices falling over 2% led by the Hang Seng Index which dropped 2.01%.  
- Key sectors such as internet and retail reflected negative sentiment, influenced by a retreat in AI stocks, highlighting a broader market adjustment.  
- Notable individual stock movements included significant increases for certain companies while others like Tencent and Alibaba faced declines amid increased market caution.

DAISHOMICROLINE

Hong Kong stocks intraday | Hang Seng Index fell 2.3%, Meituan dropped 4.59%, Aide New Energy surged 30.28%

On February 24th, the Hong Kong stock market's midday review showed a collective pullback in the morning session, with the three major indices experiencing a unilateral adjustment. The Hang Seng Index fell by 1.93%, and the Hang Seng TECH Index dropped by 2.36%, leading the market decline. Risk aversion sentiment increased, causing technology heavyweight stocks to weaken across the board, with Meituan -W down 4.76%, leading the blue-chip decline, and Tencent Holdings down 3.44%. The internet, retail, and catering sectors were generally under pressure, but YUM CHINA rose 1.98 against the trend. In terms of individual stocks, KNOWLEDGE ATLAS surged by 20.89%, and KB LAMINATES rose by 11.09, driven by positive earnings expectations. Market focus has shifted to macroeconomic data and liquidity in the capital market

- On February 24, Hong Kong's stock market showed a notable downturn with the Hang Seng Index closing at 26,560.57, down 1.93%. 
- Sector performance was broadly negative, particularly in technology and retail, with major companies like Tencent and Alibaba seeing significant declines amid rising risk aversion and concerns over macroeconomic conditions. 
- Investors are closely monitoring economic indicators such as retail sales and unemployment to gauge the recovery potential of the Hong Kong economy.

Shandong Molong

KINGBOARD HLDG

Meituan

FI2 CSOP HSI

FL2 CSOP HSI

FI CSOP HSI

Hong Kong Stock Midday Review | Hang Seng Index fell 1.93%, KNOWLEDGE ATLAS surged 20.89%, Meituan dropped 4.76%

01357

On February 24th, during the Hong Kong stock market, the three major indices collectively weakened, with the Hang Seng Tech Index leading the decline, down 2.26%. The internet and retail sectors were under pressure, and market risk aversion increased, with Tencent Holdings falling 3.16% and Alibaba dropping 2.50%. The communication equipment sector showed mixed performance, with YOFC rising against the trend by 3.84%. In terms of individual stocks, KNOWLEDGE ATLAS surged 13.57% due to the release of its flagship model, while Jiantao's laminated board rose 11.19% on positive earnings expectations. Investors are closely watching Hong Kong's retail and unemployment rate data

- On February 24, Hong Kong stocks experienced a decline as profit-taking pressures emerged after reaching recent highs, with the Hang Seng Index down 1.65% at 26,634.12 points.  
- Notable declines were observed in the tech sector, led by Tencent, Kuaishou, and Meitu, while the retail sector also suffered due to external market influences.  
- Investors are closely monitoring economic indicators such as retail sales and unemployment rates to gauge local consumer recovery, impacting market momentum and liquidity expectations.

MEITU

BYD ELECTRONIC

SHANDONG MOLONG

Hong Kong stock market intraday | The Hang Seng Index fell 1.65%, the Tech Index fell 2.26% leading the decline, KNOWLEDGE ATLAS surged 13.57%, YOFC strengthened against the trend

STECH

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 385 points to 26,798 points, and the National Index and Hang Seng TECH Index increasing by 131 points and 92 points, respectively. E-commerce stocks such as Alibaba and JD opened higher, while technology stocks Tencent, Meituan, and NetEase also saw gains. AI model stock KNOWLEDGE ATLAS opened down 13.8% due to issues. Export stocks such as Creative Technology and SHENZHOU INTL opened higher, and pharmaceutical stocks WUXI BIO and WUXI APPTEC also rose. Commodity prices increased, leading to a general rise in related resource stocks

SHENZHOU INTL

WUXI BIO

WUXI APPTEC

FI2CAMNDQ100

China Southern Hang Seng ETF

"Hong Kong Stocks" The Hang Seng Index opened high at 385 points, with technology, export, and resource stocks rising, while AI model stocks retraced

This year's Spring Festival holiday saw strong demand for robot rentals, with JD.com data showing a month-on-month increase in transaction value of over 100%, and orders have been scheduled until mid-March. However, rental prices are rapidly declining. At the beginning of 2025, the daily rental fee for humanoid robots reached as high as 20,000 yuan, but now the daily rental fee for dancing robots has dropped to about 6,000 yuan, while non-dancing robots range between 2,000 and 4,000 yuan, with the 6,000 yuan fee including operator and transportation costs

Increased volume and decreased prices! Robot performance rental "breaks out"

$JD-SW(09618.HK)JD.com is trading close to historic lows and below many estimates of its intrinsic value. As of February 2026, the stock has a trailing P/E of about 7. For long-term value investors, it provides a dividend yield exceeding 3.75% and benefits from a best-in-class logistics network in China that supports a strong, defensible moat.At current prices, the market seems to be assuming no future growth. An outlook that may be overly pessimistic given the company’s continued revenue expansion. I am holding with strong conviction. Are you?

JD-SWR

JD HK SDR 10to1

$JD-SW(09618.HK)I view JD.com as an attractive investment given its strong balance sheet and aggressive shareholder returns.The company’s conservative financial structure is highlighted by a cash-to-equity ratio of 0.65 and a low debt-to-equity ratio of 26.5%. It provides meaningful downside protection, balance sheet flexibility, and resilience across economic cycles. Its investment-grade credit rating from S&amp;P further reinforces its financial strength.JD.com is also actively returning capital to shareholders through a $5.0 billion share repurchase program running through August 2027, signaling strong confidence in intrinsic value.At a price-to-earnings multiple of around 7, the stock appears deeply undervalued, offering a compelling risk-reward profile for long-term value investors.

KC1028

AdmiralY

$JD-SW(09618.HK)$BABA-W(09988.HK)JD.com offers retail and logistics stability, while Alibaba’s diversified retail, cloud, and AI bring higher cyclical growth. I invest in both to capture China’s economic expansion. Are you on the same boat with me?

BABA-WR

Alibaba HK SDR 5to1

Today’s Key News Recap

0109 | Dolphin Research Focus. 🐬 Macro/Industry 1) HKEX announced it will add six stock options effective Jan 19, covering names such as Zijin Gold Intl, Laopu Gold, and Horizon Robotics.The additions broaden derivatives choices and offer more risk management tools. They should also help lift liquidity in the underlying names.🐬 Single Stock 1) $Taiwan Semiconductor(TSM.US) TSMC reported Dec revenue of NT$335.03bn, down 2.5% MoM but up 20.4% YoY. 2025 YTD revenue rose 31.6% YoY...

HKEX

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Apple

Taiwan Semiconductor

Alphabet

Alphabet - C

LAOPU GOLD

Laopu Gld HK SDR 50to1

Direxion Auspice Broad COM

TSM Q4 rev. seen >NT$1 tn; GOOGL integrates Gemini into Gmail | Daily News Recap

0108 | Dolphin Research Focus: 🐬 Macro/Industry 1) The U.S. proposed a consignment sale of ~50 mn bbl of Venezuelan crude, keeping proceeds under U.S. control, while demanding Caracas cut economic ties with China, Russia and others and allow oil cooperation only with the U.S. Beijing strongly condemned the bullying move.In the near term, this could add volatility to energy markets. Over the longer run, it may prompt more countries to guard against unilateralism. 🐬 Single Stocks 1) $XD INC(02400.HK) The global version of 'Xindong Town' went live on Jan 8.It launched alongside a collaboration with the globally known IP 'My Little Pony'...

Town Centre Securities PLC

TowneBank

Chagee

XD INC

BABA to ramp up investment in Taobao Flash Sale; 'Heartfelt Town' Intl server goes live | Daily News Recap

Green dragon 🐲🐲🐲🐲 let's go!!

LazyCat

Dividend Collector

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

2025 Reflection:2025 was a strong year where I successfully locked in gains during the bull run. Learning value investing from a YouTuber , Master Leong. My $110 entry into Alibaba stands as my best “value buy” to date. I am holding tight to BYD and JD.com and I strongly believe that they will do well for coming years. Conversely, my crypto investment was a setback. I chased ethereum after hearing a Tom Lee interview and got caught at the top.2026 investment outlook:I will stick to my value investing roots, rebalance my holdings, and hold more cash. Wait for next downturn while focusing is on buying undervalued stocks rather than chasing hype.$BABA-W(09988.HK)$JD-SW(09618.HK)$BYD COMPANY(01211.HK)

BYD COMPANY

Wear new shoes, walk the old pathIt seems to have developed, turned around, and modernized, but once encountering pressure or real constraints, it reverts to the old ways—the practices from the beginning.【Securities Researcher: &#34;Information involving tax assessments for related high-tech companies&#34; only indicates stricter assessments, not a blanket ban】This afternoon, the Hang Seng Tech Index suddenly widened its losses, with the index falling more than 2.5% at one point. Alibaba, Tencent Holdings, JD.com, and Meituan all saw increased declines, and the corresponding call warrants plummeted across the board. At noon, a piece of information about &#34;tax assessments for related high-tech companies&#34; circulated among securities researchers, triggering market volatility. Although this rumor has not yet received official endorsement, the market has already begun pricing it in. However, the market's pricing of such events is often one-time, and the corresponding factors are also variable. If the situation reverses, it will inevitably trigger a major counterattack. A securities researcher said it is only stricter assessments, not a blanket ban.$BABA-W(09988.HK)$TENCENT(00700.HK)$XIAOMI-W(01810.HK)

XIAOMI-W

XI2CSOPHSTECH

ISHARESHSTECH

XL2CSOPHSTECH

CAM HS TECH

Tencent

TENCENT-R

Tencent HK SDR 10to1

MEITUAN-WR

Meituan HK SDR 5to1

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

I've been watching it closely. At this stage, the market is prioritizing profit quality over blind growth chasing,.

andwagon effect～1

Agreed. With sentiment and valuation at low levels, yet fundamentals showing an upward inflection point, this usually presents a solid risk-reward opportunity.

greeeedy options

$JD-SW(09618.HK)Do you have the conviction to buy and hold JD.com for mid term investment?Both Citigroup (花旗银行) and Goldman Sachs (高盛) have issued a “Buy” rating on JD.com’s Hong Kong–listed shares, citing strong Q3 revenue growth and record-high retail margins. Let’s go green dragon 🐉.

Financial Analysis

$MEITUAN(03690.HK) released its Q3 earnings after the Hong Kong stock market closed on November 28th, being the last among the 'Three Fools' in the food delivery battle. During the summer quarter, which saw the most intense subsidies, Meituan reported a massive operating loss of 19.8 billion, compared to JD.com's 'slight loss' of about 1 billion and Alibaba's remaining profit of approximately 5 billion. As the defending party under attack, Meituan's situation is much more severe compared to Alibaba and JD.com. Key points are as follows: 1. Is Meituan's actual loss 80% of Alibaba's?: First, let's look at the most concerning issue of losses. This quarter, the operating loss of the local commerce segment reached as high as 14.1 billion...

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Meituan: A staggering loss of nearly 20 billion! Did Alibaba really succeed in this takeover?

UBJDCOM@EP2606A(25275.HK)

Baidu HuiBoXing digital humans have served companies such as JD.com and TikTok

Hong Kong Stock Market Closing | The Hang Seng Index fell by 1.44%, the Tech Index plummeted by 2.87%, Alibaba's decline exceeded 3%, and NANFANG COMM surged over 42%

JD.com (JD) to Release Quarterly Earnings on Thursday

Hong Kong Stock Market Update | The Hang Seng Index fell 0.95%, Alibaba dropped 2.9%, while the communication equipment sector surged against the trend

Hong Kong Stock Market Mid-Review | Hang Seng Tech Index fell 1.65%, communication equipment stocks rose against the trend, Changfei Fiber increased by 4.65%, Alibaba dropped by 2.09%