UB#TENCTRC2610B

Tang Daosheng: Tencent Adapting to Geopolitical Environment, Pushing Open-Source and Actively Deploying AI

Zhitong HK Stock Connect Analysis: Tencent's Shareholding Value Decreased in the Past 5 Trading Days

Tencent Releases and Opens Source HY-World 2.0 3D Model

China's National Data Administration includes 'token trading' in official documents for the first time, exploring new AI data payment models

Games for Change and Tencent Games Announce New Partnership to Expand "Raising Good Gamers" Initiative

Tencent VP Sun Zhonghuai on Platform Strategy: Focus on People in the Future

Tencent's highly anticipated game 'Honor of Kings World' mobile version is scheduled to launch on April 17

Tencent reportedly may release AI-generated long-form drama and movie in the third quarter

Tencent QQ's HarmonyOS app is updated, wallet balance now supports transfers with WeChat.

WeChat Cracks Down on AI-Generated Content in Official Accounts

DeepSeek to Release Next-Gen Model V4 Fully Compatible with Huawei Ascend Chip

Morgan Stanley reiterates 'Overweight' rating on Tencent with a HK$650 price target

Goldman Sachs maintains 'Buy' rating for Tencent Holdings but lowers target price to HK$700

Tencent Cloud Takes the Lead in Supporting Rapid Cloud Deployment of Hermes Agent

Tencent's Hunyuan 3.0 large model to be released in mid-April

Tencent Open-Sources its Ad Recommendation Algorithm and a Ten-Million Scale Dataset

Tencent to Hold AGM on May 13, Seeks Mandate for New Share Issuance

CICC Maintains "Outperform Industry" Rating for Tencent Holdings with a Target Price of HK$666

Hong Kong-listed companies increase share buybacks during market adjustment, with Tencent's single-day buybacks exceeding HK$1 billion since April

Tencent's game "Roco Kingdom World" experienced an issue, server-wide compensation to be issued

TIAN CHENG HLDG

Qian Xun Technology

ABC MULTIACTIVE

FU SHEK FIN

ASIA TELE-NET

JIAYUAN SER

SANDMARTIN RTS

GBG HOLDINGS

LOPAL TECH

CB GLOBAL

09688

09988

02076

02026

00700

The Nasdaq Golden Dragon China Index initially closed up 0.8%. Among popular Chinese concept stocks, PONY-W initially closed up 7.8%, ZAI LAB rose 5.7%, BOSS ZHIPIN-W gained 5.5%, Baidu increased 2.2%, Alibaba rose 1.5%, and Tencent advanced 0.8%. KWEB rose 0.9%

Wallstreetcn

ZAI LAB

BABA-W

BOSS ZHIPIN-W

PONY-W

TENCENT

NASDAQ Golden Dragon China Index

Pony AI

Zai Lab

Kanzhun

Baidu

BIDU-SW

Alibaba

Krne Csi China Internet

BIDU-SWR

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

00HSI

YANG

YINN

The Hang Seng Index closed at 25,947 points, up 75 points, failing to stabilize above the 26,000 mark. The market was affected by the situation in the Middle East, with a turnover of HKD 245.5 billion. Alibaba rose 3.3% after releasing AI tools, while Tencent and Meituan also saw slight increases. Some technology stocks performed unevenly, with MINIMAX falling 10.9%. Innovative drug concept stocks rose across the board, with Rongchang Biologics up 9.1%

- The Middle East situation continues to dominate markets, with expectations of US-Iran negotiations boosting Asian stocks.  
- The Hang Seng Index closed at 25,947 points, up only 75 points despite earlier gains, as tech stocks showed mixed performance and mainland A-shares weakened.  
- Market analysts suggest that the index may face resistance at 26,000 points while strong support lies at 25,000 points, influenced by geopolitical developments and the fundamentals of Chinese companies.

Stheadline

Hang Seng Index

Direxion FTSE China Bear 3X

Direxion FTSE China Bull 3X

The Hang Seng Index rose 75 points, regaining and losing 26,000. Alibaba rose 3%, MINIMAX plunged 11%. Experts indicate insufficient momentum in the stock market | Hong Kong stock market closing

01299

03033

02800

82800

The total short selling amount in the Hong Kong stock market reached HKD 37.95 billion, accounting for 18.8% of the total trading volume of HKD 202.25 billion for shortable stocks. The top five stocks by short selling amount include CSOP HS TECH with a short selling ratio of 50.6% and a short selling amount of HKD 3.2 billion; TRACKER FUND with a short selling ratio of 28.3% and a short selling amount of HKD 3.07 billion; Alibaba-W with a short selling ratio of 14.4% and a short selling amount of HKD 1.63 billion; AIA with a short selling ratio of 45% and a short selling amount of HKD 1.43 billion; and TENCENT with a short selling ratio of 10.9% and a short selling amount of HKD 1.01 billion

AASTOCKS

CSOP HS TECH

TRACKER FUND

TRACKER FUND-R

AIA-R

AIA Group

The total short selling in the Hong Kong stock market for the day was HKD 37.95 billion, accounting for 18.8% of the turnover of shortable stocks

BIDU

TCEHY

BABA

09888

TCTZF

KBAB

BABX

The CICC report points out that OpenClaw promotes the practical application of AI, driving the growth of computing power demand, and resonating with the performance and prosperity of the cloud computing sector. In the medium to long term, attention should be paid to the real needs of enterprises, the core capabilities of cloud vendors, and the improvement of profit margins. Last year's fourth quarter saw accelerated cloud computing revenue, with strong AI demand, as Alibaba Cloud, Tencent Cloud, and Baidu Cloud generated revenue of 50.9 billion yuan, a year-on-year increase of 26%. Overseas cloud vendors continue to invest heavily, raising concerns about long return cycles. Domestic giants are investing heavily in AI applications, leading to short-term user growth, but retention rates are declining, and a sustainable business model will still take time

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

CICC

Amazon

Microsoft

Alphabet

Alphabet - C

Oracle

Coreweave

ByteDance

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

In "Major Banks," China International Capital Corporation: OpenClaw drives the implementation of large model practices and the reconstruction of industry business models

The short selling amount in the Hong Kong stock market reached HKD 18.19 billion in the half-day, accounting for 16.7% of the total shortable stock turnover of HKD 108.9 billion. The main shorted stocks include: CSOP HS TECH with a short selling ratio of 49.8% and a short selling amount of HKD 1.49 billion; TRACKER FUND with a short selling ratio of 21.5% and a short selling amount of HKD 1.19 billion; Alibaba-W with a short selling ratio of 13.6% and a short selling amount of HKD 1.05 billion; AIA with a short selling ratio of 48.1% and a short selling amount of HKD 760 million; and TENCENT with a short selling ratio of 10.5% and a short selling amount of HKD 660 million

The short selling in the Hong Kong stock market for half a day reached HKD 18.19 billion, accounting for 16.7% of the total turnover of shortable stocks

The Hang Seng Index rose 197 points in the half-day session, with Alibaba and Tencent leading the gains, and Laopu Gold surged 6%. The market opened higher on expectations of easing tensions in the US-Iran conflict, reaching a peak increase of 344 points. Half-day turnover was HKD 134.9 billion. AIA and the "two oil giants" fell against the market trend, dragging down the overall market. Internet healthcare stocks such as JD Health and Alibaba Health generally rose. Lingrui's shares changed hands, with the stock price soaring 275% at one point

- The Hong Kong stock market opened positively, with the Hang Seng Index initially rising 295 points, reaching a peak of 26,216 points, before settling at 26,069 points, up 197 points or 0.76%.  
- Notable movers included Alibaba and JD.com, which gained 4% and 6% respectively, while AIA and two major oil companies saw declines.  
- In U.S. markets, oil prices dropped significantly, and Nvidia shares surged 18%, reflecting a general optimism about easing tensions in the Middle East.

LAOPU GOLD

FI2 CSOP HSI

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

FI CSOP HSI

FL2 CSOP HSI

Huaan Yifu Gold ETF

The Hang Seng Index rose 197 points in the half-day session, with Alibaba and Tencent leading the gains. Laopu Gold surged 6%, and another stock changed hands skyrocketed by 233% | Hong Kong stock market opens

STECH

03690

The Hang Seng Index closed at 26,069 points, up 197 points or 0.8%; the Hang Seng TECH Index reported 4,943 points, up 91 points or 1.9%. Alibaba rose over 4%, JD LOGISTICS, CITIC, Bank of China, JD INDUSTRIALS, and ANGELALIGN reached new highs. Among the active heavyweight stocks, MEITUAN, TENCENT, HKEX, and Xiaomi Corporation all saw varying degrees of increase

Hang Seng TECH Index

JD LOGISTICS

Xiaomi Corporation

MEITUAN

CITIC

HKEX

JD INDUSTRIALS

ANGELALIGN

Hang Seng China Enterprises Index

XIAOMI-W

JD-SW

TRIP.COM-S

INNOVENT BIO

JD HEALTH

ALI HEALTH

SMIC

KUAISHOU-W

POP MART

SBP GROUP

BANK OF CHINA

51WORLD

XUANZHUBIO-B

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

XIAOMI-WR

Xiaomi HK SDR 2to1

Laopu Gld HK SDR 50to1

JD-SWR

JD.com

Trip.com HK SDR 50to1

Trip.com

JD HEALTH-R

SMIC HK SDR 5to1

KUAISHOU-WR

POP MART HK SDR 20to1

BOC HONG KONG

Bank of China

Bank Of China

The Half-Day Report: The Hang Seng Index closed at 26,069 points, up 197 points; the Hang Seng TECH Index closed at 4,943 points, up 91 points. Alibaba rose over 4%, while JD LOGISTICS, CITIC, Bank of China, JD INDUSTRIALS, and ANGELALIGN reached new highs

06618

Trump stated that the Iran conflict is nearing its end, and the market expects a de-escalation of the conflict, with all three major U.S. stock indices rising, and the Hang Seng Index opening up 295 points. JD.com’s stock price rose by 6%, and technology stocks such as Alibaba and Tencent also saw increases. However, WuXi AppTec and CSTONE PHARMA saw their stock prices decline due to placement news. Lingrui's equity changed hands, resulting in a significant increase in its stock price

- President Trump stated that the conflict with Iran is "coming to an end," leading to heightened market expectations and a rise in U.S. stock indices, with the Dow up 317 points, the S&P gaining 81 points, and the Nasdaq increasing by 455 points.  
- International oil prices fell significantly, with New York oil dropping nearly 8% to $91.28, while gold prices rose over 2% to $4,840.73.  
- In Hong Kong, the Hang Seng index opened up 295 points, with tech stocks like Alibaba and Tencent showing gains, though some companies announced share placements resulting in declines.

CSTONE PHARMA-B

KraneShares 2x Long JD Daily ETF

Trump claims the war is nearing its end, Hang Seng Index opens up 295 points, JD.com rises 6%, two pharmaceutical stocks surge, and another stock changes hands skyrockets 122% | Hong Kong stock market opens

According to data from the Hong Kong Stock Connect, the TRACKER FUND experienced a net outflow of HKD 3.161 billion, becoming the largest net outflow stock. Alibaba and Tencent saw net outflows of HKD 428 million and HKD 371 million, respectively. In contrast, Pop Mart, CNOOC, and SMIC experienced net inflows of HKD 412 million, HKD 257 million, and HKD 67.04 million, respectively. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 103.154 billion, accounting for 43.57% of the total market transaction amount

CNOOC

CNOOC-R

Net outflow of HKD 3.161 billion from the TRACKER FUND under the Hong Kong Stock Connect

01024

NTES

09899

CICC released a report listing the investment ratings and target prices for Chinese technology stocks, including Tencent, NetEase, KUAISHOU, and several other companies, all rated as "outperforming the industry." The target prices are HKD 666 for Tencent, USD 171 for NetEase, and HKD 72.8 for KUAISHOU, among others

NetEase

NETEASE MUSIC

In "Major Banks," CICC lists investment ratings and target prices for Chinese technology stocks (table)

Elon Musk's X is launching a new messaging app, XChat, on April 17, aiming to compete with China's WeChat. The app will feature end-to-end encryption, voice and video calls, disappearing messages, screenshot blocking, and support for large group chats. Additionally, X is introducing "Smart Cashtags" for trading stocks and cryptocurrencies, part of its new payments feature, X Money, which will soon be available to a limited group of users after internal testing.

- Elon Musk's X is launching a new messaging app called XChat on April 17, aiming to compete with China's WeChat.  
- XChat will feature end-to-end encryption, voice and video calls, disappearing messages, screenshot blocking, and support for large group chats.  
- This app marks the first step towards Musk's ambition to create a super app, while X is also introducing "Smart Cashtags" for trading stocks and cryptocurrencies within its platform.

Tip Ranks

Musk Set to Launch XChat This Week and Challenge WeChat's Super App Status

09999

Liu Xiaochun, Director of the Internet Law Research Center at the University of Chinese Academy of Social Sciences, stated that the new regulations on live streaming tipping aim to address chaos in the industry, particularly regarding the protection of minors. Minors' tipping behavior while watching live streams often does not align with their cognitive abilities, potentially leading to irrational and high-value tipping. Platforms and streamers may also engage in guiding or inducing such behavior

NTES-S

Tencent Music

BILIBILI-W

Bilibili

Global X Funds Social Media

Why Were 11 Regulations on Live Streaming Tipping Introduced and What Is Their Significance? Expert Analysis

According to the Hong Kong Stock Connect data, Tencent had a net outflow of HKD 1.689 billion, becoming the stock with the highest net outflow of funds. In comparison, Xiaomi Group, CNOOC, and SMIC had net inflows of HKD 273 million, HKD 218 million, and HKD 107 million, respectively. Overall, the net outflow of southbound funds was HKD 0, with a total transaction amount of HKD 93.032 billion, accounting for 44.75% of the market transaction volume

Net outflow of Tencent through Hong Kong Stock Connect amounted to HKD 1.689 billion

01810

01211

The total short selling amount in the Hong Kong stock market reached HKD 31.29 billion, accounting for 17.8% of the total shortable stock turnover of HKD 175.3 billion. The previous day was 18.6%. The top five stocks by short selling amount include BYD COMPANY with a short selling ratio of 28.7% and a short selling amount of HKD 1.58 billion; TRACKER FUND with a short selling ratio of 15.6% and a short selling amount of HKD 1.58 billion; Alibaba-W with a short selling ratio of 18.1% and a short selling amount of HKD 1.14 billion; XIAOMI-W with a short selling ratio of 26.3% and a short selling amount of HKD 950 million; and TENCENT with a short selling ratio of 8.9% and a short selling amount of HKD 930 million

BYD COMPANY

The total short selling in the Hong Kong stock market for the day was HKD 31.29 billion, accounting for 17.8% of the turnover of shortable stocks

Featured

$TENCENT(00700.HK)HKD 700 -&gt; HKD 499 : Is Tencent Finally Cheap Enough? 🤔Tencent Holdings is testing critical support after a prolonged correction. Currently trading at HKD 499.0 (+1.18%), the tech giant is at a pivotal juncture for Q2 2026.🔷Technical Analysis (HTF)The higher timeframe trend remains bearish, correcting significantly from the HKD 700 highs seen in late 2025. On the daily chart, price action is compressing near the lower Bollinger Band (464.6).♥️Resistance:The 20-day SMA (blue line) at 507.1 acts as the immediate ceiling. A close above this is required to signal a short-term reversal.♥️Support:The lower band at 464.6 is the critical safety net.♥️Momentum: RSI sits at 40.23—neutral territory. It is recovering from March oversold levels but lacks strong bullish divergence yet.🔷Fundamentals &amp; ValuationIn 2026, Tencent remains a cash-flow fortress in gaming and fintech. With the stock down ~30% from its peaks, valuation multiples have compressed. While explosive growth has normalised, the company continues aggressive share buybacks. Around HKD 500 , the stock is transitioning from a “momentum” play to a “value” play, offering a more attractive entry point for long-term holders compared to a year ago.🔷The VerdictNEUTRAL.The stock is attempting to stabilise but the trend is not yet. Bulls need to reclaim HKD 507 to confirm a bounce. Expected choppy sideways action between 465 and 510. Watch the lower band closely; a break below could trigger further selling.Not financial advice. Always do your own DD! Risk management.

In 2026, AI agents are no longer a buzzword. Claude Code, Cursor, Gemini CLI — developers and investors are now using natural language to pull market data, place orders, and parse earnings reports. A broker's API is no longer just a tool for quant teams; it's become the last-mile nerve ending connecting every AI tool to the financial world. Both Longbridge and Futu have stepped up with their own Skills offerings — but their architectural philosophies diverge from the very first line of code...

FUTU-W

Futu

Longbridge Skills vs. Futu Skills: The Battle for Broker Infrastructure in the AI Era — One Is Moving with the Times, the Other Still Ships an Installer

Patty

Current rate of return reached top 90% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

$ISHARESHSTECH(03067.HK)I keep investing regularly (DCA) into this ETF because I believe:❤️China’s tech sector will grow over the long term.❤️Prices are still relatively cheap after the past downturn.❤️It is an easy way to invest in the whole tech sector and not just one company.The ETF includes major companies like Tencent, Alibaba, Meituan, Xiaomi, BYD, and NetEase.I see this as one of the cheapest ways to invest in an entire sector, while also lowering risk compared to buying just one stock.

UB#TENCTRC2610B(57261.HK)

UB#TENCTRC2610B Stock Performance Chart

The Nasdaq Golden Dragon China Index initially closed up 0.8%. Among popular Chinese concept stocks, PONY-W initially closed up 7.8%, ZAI LAB rose 5.7%, BOSS ZHIPIN-W gained 5.5%, Baidu increased 2.2%, Alibaba rose 1.5%, and Tencent advanced 0.8%. KWEB rose 0.9%

The Hang Seng Index rose 75 points, regaining and losing 26,000. Alibaba rose 3%, MINIMAX plunged 11%. Experts indicate insufficient momentum in the stock market | Hong Kong stock market closing

The total short selling in the Hong Kong stock market for the day was HKD 37.95 billion, accounting for 18.8% of the turnover of shortable stocks

In "Major Banks," China International Capital Corporation: OpenClaw drives the implementation of large model practices and the reconstruction of industry business models

The short selling in the Hong Kong stock market for half a day reached HKD 18.19 billion, accounting for 16.7% of the total turnover of shortable stocks