GJTENCT@EC2607C

WANJIAGROUP RTS

NE ELECTRIC

TEAMWAY INTL GP

CIL GROUP

BOER POWER

LISI GP HOLD

SH GROUP HLDG

ZHONG JU INVEST

MEMESTRATEGY

TCTZF

00800

09868

00700

TCEHY

The NASDAQ Golden Dragon China Index preliminarily closed up 0.8%. Among popular Chinese concept stocks, Nio rose 5.5%, PONY, WERIDE, and Xiaomi rose over 4%, New Oriental rose 2.7%, and XPeng, NetEase, Tencent, and Meituan rose over 1%

Wallstreetcn

Tencent Holdings Limited

WERIDE-W

XPENG-W

XPeng

NASDAQ Golden Dragon China Index

PONY-W

TENCENT

NIO Inc

New Oriental EDU & Tech

Tencent

MEITUAN

Invesco Golden Dragon China

Roundhill China Dragons ETF

iShares MSCI China

Bosera CSI Global China Education Theme ETF(QDII)

NetEase

ESPO

GAMR

HERO

Tencent (TCEHY) stock declined 1.72% on Wednesday amid reports that the U.S. government may require the company to divest its video game investments, similar to the actions taken against ByteDance with TikTok. The Trump administration is reportedly concerned about security risks associated with Tencent's gaming holdings, which include stakes in major companies like Epic Games and Riot Games. This potential divestment could significantly impact Tencent and the broader video game industry, as discussions among top officials continue.

- Tencent's stock declined as reports emerged that the U.S. may require the company to divest its video game investments, similar to actions taken against ByteDance.  
- The Trump administration has identified potential security threats connected to Tencent's gaming partnerships, prompting discussions among its Cabinet members regarding the implications.  
- If enforced, this divestment could significantly impact Tencent, which has substantial stakes in major gaming companies like Epic Games and Riot Games.

Tip Ranks

VanEck Video Gaming and eSport ETF

Wedbush ETFMG Video Game Tech ETF

Global X Video Games & Esports ETF

Tencent Stock (TCEHY) Slips on Reports It Could Get the TikTok Treatment

159869

BNGE

The White House is deliberating on whether to allow Tencent Holdings Ltd. to retain its stakes in major U.S. video game companies ahead of a meeting between President Trump and President Xi Jinping. The Committee on Foreign Investment in the U.S. (CFIUS) is reviewing these investments due to concerns over potential access to American user data. Tencent holds significant stakes in companies like Epic Games and Riot Games. The administration has not reached a consensus on the matter, reflecting ongoing bipartisan scrutiny of Tencent's U.S. investments.

- The White House is considering whether to let Tencent Holdings Ltd. retain stakes in U.S. video game firms ahead of a meeting between Presidents Trump and Xi.  
- CFIUS is assessing potential security risks posed by Tencent's investments, particularly concerns about access to the data of millions of American users.  
- The decision remains undecided due to conflicting views within the CFIUS panel and ongoing bipartisan scrutiny of Tencent's U.S. operations.

benzinga_article

GameStop

ChinaAMC CSI Animation Game ETF

VanEck Gaming ETF

Defiance Daily Target 2X Long RIOT ETF

First Trust S-Network Streaming and Gaming ETF

Roundhill Video Games ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

White House Debates Over Tencent's Gaming Stakes Ahead Of Trump-Xi Meeting: Report

BABA

KBAB

BABX

09988

According to the Hong Kong Stock Connect data, Alibaba had a net outflow of HKD 3.459 billion, becoming the main stock for capital outflows. In contrast, Tencent had a net inflow of HKD 849 million, performing relatively well. Overall, the southbound capital outflow was HKD 0, with a total transaction amount of HKD 142.126 billion, accounting for 39.01% of the market transaction volume

AASTOCKS

Alibaba

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

BABA-W

Net outflow of HKD 3.459 billion for Alibaba through Stock Connect

07709

02800

03033

The total short selling amount in the Hong Kong stock market for the day was HKD 66.14 billion, accounting for 21.7% of the available short sellable shares. The previous day was 22.1%. Major shorted stocks include TRACKER FUND with a short selling ratio of 30%, amounting to HKD 5.61 billion; CSOP HS TECH with a short selling ratio of 18.4%, amounting to HKD 5.21 billion; Alibaba-W with a short selling ratio of 14.9%, amounting to HKD 2.98 billion; XL2CSOPHYNIX with a short selling ratio of 50.2%, amounting to HKD 2.94 billion; and TENCENT with a short selling ratio of 16%, amounting to HKD 2.44 billion

XL2CSOPHYNIX

TRACKER FUND

CSOP HS TECH

The total short selling in the Hong Kong stock market for the day was HKD 66.14 billion, accounting for 21.7% of the turnover of shortable stocks

06181

The Hang Seng Index Company will announce the results of the fourth quarter review in mid-February, adding CATL, CMOC, and LAOPU GOLD, while removing Zhongsheng. The number of constituent stocks will increase from 88 to 90. The changes will be implemented after the market closes this Friday and will take effect from March 9. CICC predicts changes in weight and the inflow and outflow of passive funds, including inflows for Tencent, Alibaba, and outflows for HSBC HOLDINGS

LAOPU GOLD

CATL

CMOC

HSBC HOLDINGS

In "Major Banks," CICC lists the adjustments and weight changes of the Hang Seng Index constituent stocks along with predictions for passive fund changes (table)

01024

09888

As of noon, the three major indices of the Hong Kong stock market weakened, with the Hang Seng Index down 2.78% at 25,051.33 points, the Hang Seng Tech Index down 1.96% at 4,780.91 points, and the National Enterprises Index down 2.40% at 8,401.99 points. There is a clear divergence among sectors: the internet content and information sector declined due to the weakness of Chinese concept stocks, with Tencent down 1.57%, Kuaishou down 2.32%, and Baidu down 2.73%; the semiconductor manufacturers sector showed divergence, with Zhaoyi Innovation up 4.91%, while SMIC down 2.00% and Hua Hong Semiconductor down 1.82%; the telecommunications services defensive sector fell slightly. The market is focused on the impact of the Federal Reserve's interest rate cut expectations on HIBOR and the Hong Kong dollar, as well as the potential effects of recent PMI, retail and export performance, southbound capital, earnings season, real estate policies, and transaction factors on risk appetite and sector rotation

- As of noon, Hong Kong's three major indices declined, with the Hang Seng Index falling 2.78% to 25,051.33 points, and the Hang Seng Technology Index dropping 1.96% to 4,780.91 points.  
- The market is influenced by factors such as expectations of a U.S. Federal Reserve interest rate cut and the performance of recent PMI, retail, and export data.  
- Notably, leading tech stocks like Tencent and Alibaba showed significant declines, while some semiconductor stocks, like Zhaoyi Innovation, demonstrated strength amidst overall market volatility.

Market Heartbeat

KUAISHOU-W

BIDU-SW

GIGADEVICE

SMIC

HUA HONG SEMI

CHINA MOBILE

CHINA TELECOM

CHINA UNICOM

CNOOC

XIAOMI-W

Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

002027

09898

BIDU

The report from Citigroup points out that AI applications have become the main driving force behind the growth of advertising spending in China, with total advertising expenditure expected to reach hundreds of billions of yuan this year, an annual increase of 60% to 70%. ByteDance and Tencent lead the growth in advertising revenue due to their inventory scale and cost-effectiveness, while Baidu and Kuaishou also benefit but face challenges. Weibo and Focus Media focus on brand advertising, with Focus Media occupying a unique position in the advertising field through collaboration with Alibaba

Focus Media

Weibo

WB-SW

Baidu

"Big Banks" Citigroup: The AI App Competition Heats Up, Driving Growth in Advertising Spending

601318

00241

The Hang Seng Index closed at 25,051 points, down 717 points or 2.8%. The Hang Seng TECH Index reported 4,781 points, down 95 points or 2.0%. The China Enterprises Index fell 206 points or 2.4%, closing at 8,401 points. Ping An dropped 4.6%, and Alibaba fell 4.2%. Other heavyweight stocks such as HKEX and Tencent also experienced varying degrees of decline

Ping An

ALI HEALTH

PING AN

Hang Seng Index

HKEX

Hang Seng China Enterprises Index

Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

HSCEI ETF

The Half-Day Express reports that the Hang Seng Index fell by 717 points; the Hang Seng TECH Index dropped by 95 points, Ping An fell by over 4%, and Alibaba fell by over 4%

09618

09896

The three major indices of the Hong Kong stock market weakened during the session, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, the Hang Seng TECH Index dropping about 1.34%, and the Hang Seng China Enterprises Index declining around 1.73%. In terms of sectors, retailers, internet content and information, as well as oil and gas exploration and production generally declined. Among the leading stocks, Alibaba -W fell 3.49%, JD.com -SW dropped 3.14%; Tencent Holdings decreased 0.88%, Kuaishou -W fell 2.16%, and Baidu -SW declined 1.79%; in the oil and gas sector, China National Offshore Oil Corporation fell 2.46%, United Energy Group dropped 5.68%, and CNOOC (China National Offshore Oil Corporation) fell 35.96%

- On March 4, the Hong Kong stock market experienced a decline, with the Hang Seng Index falling approximately 2.10% to 25,226.96 points, indicating a pause in upward momentum.  
- Major sectors like retail have shown downward trends due to performance pressures, while the macroeconomic focus remains on variables such as U.S. Federal Reserve rate cut expectations and local economic indicators.  
- Notable stocks include Alibaba, which dropped 3.49%, and Tencent, which fell 1.57%, amidst cautious investor sentiment and uncertainties in their operational management.

JD-SW

MNSO

UNITEDENERGY GP

CHK OIL

YOFC

Hong Kong stock market intraday | The Hang Seng Index fell by about 2.10%, technology and oil & gas sectors weakened, Alibaba -W dropped by 3.49%

The Hang Seng Index opened down 298 points at 25,469 points, the National Index opened down 91 points at 8,516 points, and the Hang Seng Tech Index opened down 60 points at 4,816 points. Commodity stocks generally declined, with SD GOLD, ZHAOJIN MINING, and ZIJIN MINING opening down 3.2% to 3.6%. Minmetals Resources' annual net profit soared over 2.1 times, with its stock price opening down 4%. Shipping stocks, PACIFIC BASIN, saw a 56% drop in annual net profit, with its stock price opening down 2%. Technology stocks Tencent, KUAISHOU-W, and MEITUAN opened down 0.9% to 1.3%. Financial stocks HSBC opened down 2.1%

ZIJIN MINING

PACIFIC BASIN

ZHAOJIN MINING

SD GOLD

SD-GOLD

"Hong Kong Stocks" Hang Seng Index opened down 298 points, commodity stocks declined, and Techtronic Industries fell nearly 5% after earnings

516010

The Trump administration is considering whether to allow Tencent to retain its stakes in major gaming companies amid national security concerns. Internal meetings have been held to evaluate the implications of Tencent's investments in U.S. and Finnish gaming firms. A scheduled cabinet meeting to discuss the matter was postponed. Tencent, a Hong Kong-listed company, has significant stakes in Epic Games and Riot Games, and previously acquired Supercell for $8.6 billion.

- The White House is considering whether to let Tencent maintain its stakes in significant gaming companies before President Trump’s meeting with President Xi in April.  
- Officials are evaluating if Tencent’s investments in U.S. and Finnish gaming firms present national security risks, although a cabinet meeting to discuss the matter was postponed.  
- Tencent owns stakes in companies like Epic Games and Riot Games, and previously acquired a majority share in Supercell for approximately $8.6 billion.

Reuters

Invesco Leisure & ENT ETF

Guotai CSI Animation Game ETF

Electronic Arts

Trump administration debates allowing Tencent to keep its gaming stakes, FT reports

March 3 (Reuters) -* TRUMP ADMINISTRATION CONSIDERS ALLOWING TENCENT TO KEEP ITS GAMING INVESTMENTS - FT Source text:

Trump Administration Considers Allowing Tencent To Keep Its Gaming Investments - FT

80700

HTCD

Below is Dolphin Research's FY25 Q4 earnings call Trans for $Sea(SE.US). For the earnings analysis, please see 'SEA: Spending Aggressively for the Future — Is Southeast Asia's 'Mini Tencent' Heading into Another Black Hole?'.Section 1 covers a recap of key financials. Section 2 provides detailed call notes.2.1 Management highlights: 1) Strategy and outlook. Success in 2025 came from choosing the right strategy and executing well. In 2026 we will stay the course; execution remains key, and we will invest more in operational excellence to pursue strong growth and healthy profits...

SE (Trans): Shopee profit flat in 2026?---

Conference Minutes

TENCENT-R

Tencent HK SDR 10to1

US Global Sea to Sky Cargo ETF

Financial Analysis

Often dubbed Southeast Asia's Tencent, $Sea(SE.US) reported Q4 results premarket on Mar 3. It was a familiar split: core e-commerce and fintech posted strong, above-consensus growth, while profits across segments missed as investment ramped. With the market prioritizing profitability over growth, the stock sold off sharply again.Specifically: 1) E-commerce accelerated, with logistics spending starting to pay off. Contrary to market expectations of a slowdown on higher comps, order volumes actually picked up this quarter...

SE: Burning cash for growth — is SE Asia's 'mini Tencent' heading into another money pit?---

$XTALPI(02228.HK) $TENCENT(00700.HK) Is it the Chinese people paying for the military expenses again? Sad...

XTALPI

Unity

Below is Dolphin Research's Trans of the Q4 2025 earnings call for $Unity Software(U.US). For our earnings review, see '30% Overnight Plunge: Who Crushed Unity?'. I. Key financials recap. Q4 2025 results. Revenue $503mn (+2% YoY); Adj. EPS $0.24 (vs. Street $0.21). Adj. EBITDA $125mn (margin 25%); FCF $119mn...

Unity Software

Opendoor Tech

Opendoor Tech Series A - CW26

Opendoor Tech Series K - CW26

Opendoor Tech Series Z - CW26

Unity (Trans): Vector up 70% YoY in Jan.

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?

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

Meituan

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

---

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

Traded Value

Keppel 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.

GJTENCT@EC2607C(25954.HK)

The NASDAQ Golden Dragon China Index preliminarily closed up 0.8%. Among popular Chinese concept stocks, Nio rose 5.5%, PONY, WERIDE, and Xiaomi rose over 4%, New Oriental rose 2.7%, and XPeng, NetEase, Tencent, and Meituan rose over 1%

Tencent Stock (TCEHY) Slips on Reports It Could Get the TikTok Treatment

White House Debates Over Tencent's Gaming Stakes Ahead Of Trump-Xi Meeting: Report

Net outflow of HKD 3.459 billion for Alibaba through Stock Connect

The total short selling in the Hong Kong stock market for the day was HKD 66.14 billion, accounting for 21.7% of the turnover of shortable stocks