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China's market regulator has ordered major food delivery platforms, including Meituan, Taobao Shangou, and JD.com, to enhance food safety measures ahead of new regulations set to take effect in June. The State Administration for Market Regulation emphasized the need for strict compliance with safety requirements, self-inspections, and improved management of delivery processes. Food delivery riders are also encouraged to participate in safety supervision.

- China's market regulator has mandated major food delivery platforms to enhance food safety protocols before new regulations take effect in June.  
- The State Administration for Market Regulation directed Meituan, Taobao Shangou, and JD.com to adhere to stringent regulatory requirements and ensure food safety responsibilities are met.  
- Platforms are required to conduct self-inspections, tighten vetting and management processes, and encourage riders to engage in safety supervision.

Yahoo Finance

Meituan

JD LOGISTICS

BABA-W

ALI HEALTH

JD.com

JD-SW

MEITUAN

JD HEALTH

China regulator orders food delivery giants to strengthen safety controls

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KWEB

KBAB

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ONLN

BABA

Alibaba Group Holding Ltd. ADR (BABA) fell 1.36% to $122.05 on Thursday, marking its second consecutive day of losses. The stock is currently 36.65% below its 52-week high of $192.67. In comparison, competitors had mixed results: Bed Bath & Beyond Inc. (BBBY) dropped 0.86%, Rakuten Group Inc. ADR (RKUNY) decreased by 3.00%, while eBay Inc. (EBAY) rose 1.08%. Trading volume was 8.8 million, below the 50-day average of 11.3 million.

- Alibaba Group Holding Ltd. ADR (BABA) fell 1.36% to $122.05, marking its second consecutive day of losses amid mixed trading in the stock market.  
- The ADR remains 36.65% below its 52-week high of $192.67, reached on October 2nd, 2025.  
- The trading volume was 8.8 million, 2.5 million below the 50-day average of 11.3 million.

MarketWatch Automated

VanEck Retail ETF

BABA 2x Long Daily ETF - GraniteShares

Global X E-commerce ETF

Krne Csi China Internet

KraneShares 2x Long BABA Daily ETF

Amplify Online Retail ETF

ProShares Online Retail

Alibaba

SPDR S&P Retail ETF

Alibaba Group Holding Ltd. ADR Underperforms Thursday When Compared To Competitors

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TCEHY

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The Nasdaq Golden Dragon China Index initially closed down 0.3%. Among popular Chinese concept stocks, Tencent initially closed down 2%, while Xiaomi, JD.com, Meituan, Alibaba, and PDD fell by at least about 1%. Li Auto rose 0.4%, Xpeng rose 1.1%, and NIO rose 1.2%

Wallstreetcn

NIO Inc

Li Auto

NASDAQ Golden Dragon China Index

NIO-SW

XPENG-W

LI AUTO-W

Tencent

TENCENT

Tencent Holdings Limited

XIAOMI-W

Xiaomi Corporation

XPeng

Roundhill China Magnificent Seven ETF

KraneShares 2x Long PDD Daily ETF

KraneShares 2x Long JD Daily ETF

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Roundhill China Dragons ETF

Invesco Golden Dragon China

iShares MSCI China

Alibaba has launched its new Qwen3.6-Plus AI model to enhance its position in the competitive AI market in China. The model improves coding capabilities and task handling, available through Alibaba Cloud's Model Studio. Despite the advancements, investor response has been muted due to fierce competition from companies like ByteDance and Baidu. However, Wall Street maintains a positive outlook on Alibaba stock, with a Strong Buy consensus and a price target suggesting a potential upside of over 51%.

- Alibaba launched its new Qwen3.6-Plus AI model to enhance its position in the competitive AI market, focusing on improved coding and task handling.  
- This update enables the model to tackle various coding tasks and better understand multimedia content, responding to user feedback from its previous version.  
- Despite intense competition from companies like ByteDance and Baidu, Wall Street maintains a Strong Buy consensus on Alibaba stock, indicating potential upside.

Tip Ranks

Alibaba (BABA) Rolls Out New Qwen AI Model — Can It Keep Up in China's AI Race?

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The Hang Seng Index fell 177 points before the long holiday, closing at 25,116 points, ending a two-day winning streak. U.S. President Trump’s remarks about Iran led to a rise in oil prices, dragging down Asian stock markets. The turnover of Hong Kong stocks was HKD 243.6 billion, with a net inflow of HKD 19.8 billion from northbound trading. The National Index and the Technology Index closed at 8,456 points and 4,679 points, respectively, with declines of 0.6% and 1.6%. This week, the Hang Seng Index accumulated a rise of 164 points, ending four consecutive weeks of decline. Hansoh Pharmaceutical, Geely Auto, and Sunny Optical Technology performed well, while BYD Electronics and Shenzhou International performed poorly. Domestic chip stocks were under pressure, with Fudan Technology falling 8%

- The U.S. President's announcement regarding Iran's military situation has led to rising oil prices and a decline in Asian stock markets.  
- The Hang Seng Index closed at 25,116 points, down 177 points, while major mainland indices also fell, with the Shanghai Composite down 29 points or about 0.7%.  
- Notably, Geely Autos surged 8.4% after positive projections from Citigroup, while domestic chip stocks faced pressure amid discussions on AI resource efficiency.

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GEELY AUTO

The Hang Seng Index fell 177 points before the long holiday, oil prices rose again, leading to declines in Alibaba and Xiaomi. Experts recommend reducing holdings on rebounds | Hong Kong stock market closing

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The total short selling amount in the Hong Kong stock market reached HKD 53.5 billion, accounting for 82.1% of the trading volume of shortable stocks. This is a significant increase from the previous day's 16.5%. The five stocks with the highest short selling amounts are: TRACKER FUND short selling ratio 403.5%, amount HKD 12.57 billion; CSOP HS TECH short selling ratio 226.7%, amount HKD 3 billion; XIAOMI-W short selling ratio 81.4%, amount HKD 2.65 billion; HSCEI ETF short selling ratio 135.7%, amount HKD 2.44 billion; BABA-W short selling ratio 62.9%, amount HKD 1.8 billion

AASTOCKS

HSCEI ETF

TRACKER FUND

CSOP HS TECH

The total short selling in Hong Kong stocks for the day was HKD 53.5 billion, accounting for 82.1% of the turnover of shortable shares

Hong Kong's three major indices closed lower today, with the Hang Seng Index and the Hang Seng Tech Index undergoing significant corrections, reflecting safe-haven sentiment and short-term volatility under market pressure. Certain auto and resource stocks performed strongly, with Shandong Molong and Geely Automobile attracting concentrated capital, indicating a structural divergence in market focus. As fluctuations in external trade and the macroeconomic environment persist, investors should monitor policy guidance, exchange rates, and international capital flows. This article summarizes the performance of major sectors, market focus stocks, and active trading directions

- On April 2, Hong Kong's stock indices experienced significant declines, with the Hang Seng Index closing at 25,116.53 points, down 0.70%.  
- The market sentiment was pressured by fluctuating import-export rates, leading to uncertainty in corporate profit expectations.  
- Mixed sector performances were noted, with notable gains in select stocks like Geely Automobile, which rose 8.37%, while major tech stocks like Alibaba and Xiaomi faced declines.

LB Select

CNOOC

SHANDONG MOLONG

ZHIDA TECH

HK.AI CAPITAL

YOFC

SMIC

POP MART

Hong Kong Market Close | Three major indices fall across the board, tech sector leads declines, while auto and resource stocks remain active against the trend

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Apr 2 | Dolphin Research focus: Stock 1, $Oracle(ORCL.US). Reports suggest Related Digital is advancing approx $16 bn in project financing for Oracle's AI data center build, mainly for hyperscale compute campuses such as 'Stargate'.Oracle's cloud &amp; AI capex plan through 2026 exceeds $50 bn. FCF has turned negative, leaving it reliant on external funding and compute contracts with OpenAI, etc...

ORCL mass layoffs; BABA rolls out next-gen Qwen LLM | Daily News Recap

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The Hong Kong stock market performed weakly, with the Hang Seng Index closing down 177 points at 25,116 points. Alibaba and Xiaomi's stock prices fell by 2.4% and 3.6%, respectively. Despite Chery's sales growth of 15% and a stock price increase of 15.3% among car stocks, BYD and Xiaomi still declined. The overall market turnover was HKD 243.628 billion, and technology stock Tencent also dropped by 1.5%

Hua Xia CSI New Energy Vehicles ETF

BYD Company

HFT CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

BYD Company Limited

ChinaAMC CSI Hong Kong Connect Automobile Industry Thematic ETF

E Fund CSI Auto Components Thematic ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

ChinaAMC CSI Auto Components Thematic ETF

BYD COMPANY

Ping An CSI Auto Components Thematic ETF

"Hong Kong Stocks" Hang Seng Index closed down 177 points, Alibaba and Xiaomi weak, car stocks generally surged

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The Hang Seng Index closed at 25,116 points, down 177 points or 0.7%; the Hang Seng TECH Index reported 4,679 points, down 77 points or 1.6%. The total market turnover was HKD 243.628 billion. Xiaomi Group and Alibaba fell by 3.6% and 3.4%, respectively. Geely, WH Group, Industrial and Commercial Bank of China, Bank of China, and Guofu Quantum reached new highs, with active trading

Hang Seng Index

Hang Seng TECH Index

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

According to the "All-Day Express," the Hang Seng Index closed at 25,116 points, down 177 points; the Hang Seng TECH Index closed at 4,679 points, down 77 points. Xiaomi Group fell over 3%, Alibaba fell over 3%, Geely, WH Group, Industrial and Commercial Bank of China, Bank of China, and Guofu Quantum reached new highs with active trading

Shanghai StairMed Technology Co., Ltd. has secured RMB 500 million in a strategic financing round led by Alibaba, with participation from Tencent and other investors. This funding will accelerate the development of its brain-machine interface (BMI) technology, following successful clinical implants. StairMed plans to initiate large-scale clinical trials in mid-2026 and expand its neuromodulation portfolio. The company aims to enhance human-machine interaction through collaboration with technology leaders, positioning itself as a key player in the BMI sector.

- Shanghai StairMed Technology Co., Ltd. closed a strategic financing round of RMB 500 million, led by Alibaba with continued support from stakeholders like Tencent and others, raising over RMB 1.1 billion in the past year.  
- The funding will accelerate StairMed's development of its brain-machine interface (BMI) technology, which achieved significant milestones, including China's first clinical trial of a 256-channel invasive BMI system.  
- StairMed also plans to initiate large-scale clinical trials in mid-2026 and advance its neuromodulation efforts with a new deep brain stimulation system targeting neurological disorders.

prnewswire

02:41 ETStairMed Secures RMB 500 Million Financing Led by Alibaba, Joined by Tencent

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HSBC's latest report highlights a market misjudgment: the AI monetization capabilities of Alibaba and Tencent are systematically underestimated. The stock price corrections for both companies were not driven by pessimism regarding AI prospects, but by short-term concerns over operating expenses. If they can capture market share from the advertising market, their 2027 revenues could see an upside of up to 11%. HSBC maintains a "Buy" rating, with target prices implying upside potential of 44% and 51%, respectively

- The market may be misjudging the AI monetization potential of China's internet giants, Alibaba and Tencent, which a HSBC report states is systematically underestimated.  
- Despite significant AI investment plans and revenue forecasts, the companies' stock prices have dipped due to short-term concerns regarding increased operational costs rather than pessimism about AI's long-term returns.  
- The report suggests that by capturing 10% to 50% of advertising revenue from competitors, both Alibaba and Tencent could see substantial revenue growth by 2027, affirming HSBC's buy ratings with target prices of $180 and HK$750, respectively.

E Fund CSI HK Connect Internet ETF

Yinhua MSCI China A ETF

Hwabao CSI HK Equities Internet ETF

iShares China Large Cap

HSBC's latest report: Alibaba and Tencent's AI Monetization Capabilities Are Underestimated by the Market

Alibaba is definitely a underrated stock. Good investment 👍.

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The market thinks $Alibaba(BABA.US) is a dying e-commerce company.Meanwhile it just dropped Qwen-3.6 and devs can&#39;t stop talking about it.$Amazon(AMZN.US) AWS: 10x revenue$Alibaba(BABA.US) Cloud: 2x revenueOne of these valuations is wrong.I bought at $136.5. I know which one I think it is.@Bridge Buzz SG

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$Alibaba(BABA.US)&#39;s Qwen AI smart glasses receive first OTA update, integrating Taobao Flash Sales, Alipay, and more.Unlimited opportunities.Bet on Chinese AI industry, hold $Alibaba(BABA.US).@Bridge Buzz SG

Powell may not have an FOMC talk, but his recent QnA at a University sparks interests and influenced the market. A simple comment that inflation outlook in check and there's no need to hike rates due to oil shock has the market reacting positively. Let's see how the situation pans out in the next few weeks

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HS#ALIBARC2609X Stock Performance Chart

China regulator orders food delivery giants to strengthen safety controls

Alibaba Group Holding Ltd. ADR Underperforms Thursday When Compared To Competitors

The Nasdaq Golden Dragon China Index initially closed down 0.3%. Among popular Chinese concept stocks, Tencent initially closed down 2%, while Xiaomi, JD.com, Meituan, Alibaba, and PDD fell by at least about 1%. Li Auto rose 0.4%, Xpeng rose 1.1%, and NIO rose 1.2%

Alibaba (BABA) Rolls Out New Qwen AI Model — Can It Keep Up in China's AI Race?

The Hang Seng Index fell 177 points before the long holiday, oil prices rose again, leading to declines in Alibaba and Xiaomi. Experts recommend reducing holdings on rebounds | Hong Kong stock market closing