JP#TENCTRC2609U

Tencent announces the launch of its 2026 internship recruitment, planning to hire over 10,000 interns

Tencent enjoys significant revenue growth during the Spring Festival thanks to Honor of Kings and Peace Elite

Google lowers Google Play Store commission, benefiting game publishers like Tencent

Hong Kong stocks open higher, with tech stocks including Tencent Holdings broadly rising

Tencent Holdings is expected to pay its annual dividend on June 1, 2026

Alibaba, Tencent, Bytedance are reportedly in talks with domestic memory chip suppliers to purchase more DRAM and NAND flash chips.

Southbound Trading Records Net Inflow into Tencent Holdings for 5 Consecutive Days

Hundsun Technologies and Tencent Cloud's TDSQL Help Launch Comprehensive Wealth Management Platform for South China City Commercial Bank

Tencent Licaitong Releases Data on New Year's Money Management

NPC deputy proposes mandatory real-name facial recognition for all online games

Tencent Video's new music variety show 'Mr. Magic Song' is scheduled to premiere on March 13

Goldman Sachs maintains 'Buy' rating on Tencent Music, citing attractive risk/reward after stock pullback

Zhang Linghe's drama character popularity exceeds 100 million, Deng Wei sets a pre-broadcast record for Tencent Video

Tencent's game "Arena Breakout" announces a new map, "Misty Valley"

Media reviews the shutdown of a major Tencent-invested game 37 days after launch

Tencent may be forced to sell stakes in overseas game companies, according to rumors

Hong Kong stocks close on March 5, Tencent Holdings falls 0.79%

Chinese tech stocks face selloff risk amid AI cost concerns

COL Group, backed by Tencent, aims for A+H dual listing and plans to distribute short dramas to over 200 countries and regions

Tencent-backed autonomous driving firm Momenta has confidentially filed for a Hong Kong IPO

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EASY SMART GP

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Tencent Cloud plans to sell shares of PB Fintech through a joint transaction, with a total value of approximately 6.9 billion rupees, at a price of 1,435 rupees per share, which is about a 2.6% discount compared to Thursday's closing price of 1,472.80 rupees

Wallstreetcn

TENCENT

Tencent

Tencent Holdings Limited

Global X Cloud Computing ETF

Tencent Cloud plans to sell approximately USD 75 million worth of PB Fintech shares

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GAMR

Citigroup's research report points out that the policy reforms of Google Play will benefit Chinese gaming companies, especially Tencent and NetEase. The new fee structure splits the standard in-app purchase service fee from 30% into 20% and 5%, which may improve the gross profit margins of gaming companies. This move may prompt other app stores to follow suit, creating a more favorable environment, particularly positively impacting developers and publishers in the online gaming industry

AASTOCKS

NETEASE MUSIC

Wedbush ETFMG Video Game Tech ETF

VanEck Video Gaming and eSport ETF

Guotai CSI Animation Game ETF

VanEck Gaming ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Global X Video Games & Esports ETF

ChinaAMC CSI Animation Game ETF

NetEase

NTES-S

"Major Banks" Citigroup: Google Play's billing reform benefits game developers, Tencent and NetEase will benefit

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BABA

KBAB

BABX

Alibaba, Bytedance, and Tencent are seeking to alleviate the impact of a global memory chip shortage by turning to domestic chipmakers. The companies are in discussions to purchase more DRAM and NAND flash memory chips from two Chinese firms, moving away from reliance on Samsung Electronics and SK Hynix for additional chip supply.

- Tencent, Alibaba, and ByteDance are seeking domestic chipmakers to mitigate the ongoing global memory chip shortage.  
- The companies are negotiating to acquire more DRAM and NAND flash chips from two Chinese manufacturers.  
- Previously, they sought additional supplies from Samsung Electronics and SK Hynix.

Reuters

BABA-W

Alibaba

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

VanEck Semiconductor ETF

Direxion Semicon Bull 3X

SPDR S&P Semicon

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Invesco Semiconductors ETF

Alibaba, Bytedance And Tencent Are Turning To Domestic Chipmakers To Ease The Pain From A Deepening Global Shortage Of Memory Chips - The Information

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According to the Hong Kong Stock Connect data, the TRACKER FUND experienced a net outflow of HKD 13.661 billion, becoming the largest net outflow stock. Tencent attracted a net inflow of HKD 1.541 billion, making it the largest net inflow stock. Overall, the net outflow of southbound funds was HKD 0, with a total transaction amount of HKD 150.557 billion, accounting for 46.78% of the market transaction volume

TRACKER FUND

Net outflow of HKD 13.661 billion from the TRACKER FUND through Hong Kong Stock Connect

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Chinese autonomous driving technology company Momenta has secretly submitted an IPO application in Hong Kong, aiming to raise at least $1 billion. Momenta, supported by General Motors and Tencent, is collaborating with CICC and Deutsche Bank on the listing and is meeting with investors to assess interest in the IPO. The company responded that there have been past rumors of an IPO, emphasizing its focus on business development

CICC

It is reported that the mainland autonomous driving technology company Momenta has secretly submitted an IPO application in Hong Kong, aiming to raise at least 1 billion USD

OpenAI

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0305 | Dolphin Research Focus: 🐬 Macro/Industry 1). On Mar 5, Premier Li Qiang delivered the Gov. Work Report at the 4th Session of the 14th NPC.He set a 2026 GDP growth target of 4.5%–5% and CPI around 2%, aiming to balance employment, livelihoods and industrial upgrading. The moderate inflation goal should help restore corporate earnings and anchor household expectations, supporting risk appetite in HK and A-share markets...

NVDA to reallocate H200 capacity; OpenAI races toward IPO | Daily News Recap

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Hong Kong stocks closed mixed: the Hang Seng Index rose 0.28% to 25,321.34, the Tech Index fell 0.69% to 4,796.33, and the National Enterprises Index fell 0.38% to 8,451.43. The technology internet and energy sectors weakened, with Alibaba down 2.77% and Tencent down 0.79%, dragging the market; the top trading volumes were Alibaba at HKD 1,811,139.75 thousand, Tencent at HKD 1,216,376.63 thousand, and China National Offshore Oil Corporation at HKD 589,461.73 thousand, with overall sentiment being neutral to cautious

- On March 5, 2026, the three major indices showed mixed results, with a cautious market sentiment and short-term focus on overcoming earlier highs. 
- The Hang Seng Index closed up by 0.28% at 25,321.34 points, while the Hang Seng Tech Index fell by 0.69% to 4,796.33 points, reflecting a pullback from previous highs. 
- Key sectors like oil and gas faced pressure, and major stocks such as Alibaba and Tencent experienced declines, emphasizing an increase in cautious market behavior.

Market Heartbeat

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UNITEDENERGY GP

CHK OIL

GIGADEVICE

INNOVENT BIO

JIAXIN INTL RES

COSCO SHIP HOLD

Hong Kong Stock Market Closing | Hang Seng Index rose 0.28%, Tech Index fell 0.69%, AIA Group rose 5.06%

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STECH

The Hang Seng Index closed at 25,321 points, up 71 points or 0.3%. The Hang Seng TECH Index reported 4,796 points, down 33 points or 0.7%. The total market turnover was HKD 321.872 billion. Among the actively traded blue-chip stocks, Alibaba fell 2.8%, Meituan dropped 1.2%, and Tencent decreased 0.8%; HKEX and Xiaomi Group each rose 0.6%. JD Health fell 6.2%, while AIA rose 5.1%. West China Cement dropped 26.6%, and SH Electric rose 15.8%. KINETIC DEV reached a new high, rising 8.7%

CSI 300

Hang Seng Index

Hang Seng TECH Index

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Xiaomi Corporation

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The Hong Kong Economic Journal reported that the Hang Seng Index closed at 25,321 points, up 71 points; the Hang Seng TECH Index closed at 4,796 points, down 33 points. JD HEALTH fell over 6%, while KINETIC DEV reached a new high with strong trading volume

The three major indices of the Hong Kong stock market showed divergence during the trading session: the Hang Seng Index rose slightly by 0.17% to 25,291.29 points, the Hang Seng Tech Index fell by 0.90% to 4,786.12 points, and the National Enterprises Index decreased by 0.44% to 8,446.62 points, all failing to break through their respective recent highs. In terms of sectors, retailers are under pressure, internet content and information show divergence, and oil and gas exploration and production are fluctuating. Among the leaders, Alibaba weakened, Tencent showed weakness, while China National Offshore Oil Corporation strengthened. In terms of trading volume, Alibaba, Tencent, and China National Offshore Oil Corporation are at the forefront, with activity concentrated in heavyweight and energy technology stocks, and market sentiment is cautious

- The Hong Kong stock market shows mixed performance, with the Hang Seng Index slight increase of 0.17% at 25,291.29 points, while the technology sector declines 0.90%.  
- Retail sector faces pressure from earnings reports with Alibaba down 3.16% and JD down 1.07%, indicating sector volatility ahead of reports.  
- Market focus remains cautious amidst macroeconomic indicators, including U.S. Treasury rates and indicators on domestic consumption and trade, with significant activity seen in top energy and technology stocks.

WEICHAI POWER

Hong Kong stock market intraday | The Hang Seng Index rose slightly by 0.17%, the Tech Index fell by 0.90%, and CNOOC rose by 1.11%

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The short selling amount in the Hong Kong stock market reached HKD 25.01 billion in the half-day session, accounting for 18.1% of the total shortable stock turnover of HKD 138.41 billion. The previous day was 20.8%. The main shorted stocks include: TRACKER FUND with a short selling ratio of 11% and a short selling amount of HKD 1.99 billion; Alibaba-W with a short selling ratio of 19.5% and a short selling amount of HKD 1.58 billion; TENCENT with a short selling ratio of 16.6% and a short selling amount of HKD 1.06 billion; HSCEI ETF with a short selling ratio of 10.7% and a short selling amount of HKD 910 million; and Southern Hang Seng Technology with a short selling ratio of 19.1% and a short selling amount of HKD 820 million

HSCEI ETF

The short selling in Hong Kong stocks for half a day reached HKD 25.01 billion, accounting for 18.1% of the total turnover of shortable shares

As of noon, the Hang Seng Index reported 25,459.66 points, up 0.83%; the Hang Seng Tech Index reported 4,829.29 points, basically flat; the National Enterprises Index reported 8,503.16 points, up 0.23%. The sectors showed divergence, with internet content and information rising, Tencent up 0.49%, Baidu up 1.30%, and Kuaishou up 0.84%; oil and gas exploration and production fell, with China National Offshore Oil down 1.40%; retailers weakened, with Alibaba down 1.15% and JD.com down 0.71%. Funds focused on internet leaders and earnings report events, while oil and gas faced downward pressure

- As of March 5, Hong Kong's major indices showed mixed performance, with the Hang Seng Index at 25,459.66, up 0.83%, indicating continued volatility.  
- Retail stocks fell amid concerns over company events and financial reporting, with Alibaba down 1.15% and JD.com down 0.71%, while the internet sector rallied, led by Tencent and Baidu.  
- Macro factors include Fed policies affecting local liquidity and market valuation, with a focus on tech performance and fluctuating local currencies impacting investor sentiment.

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NANJING PANDA

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Hong Kong Stock Midday Review | Hang Seng Index up 0.83%, tech stocks strengthen while oil and gas weaken

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The Hang Seng Index closed at 25,462 points, up 212 points or 0.8%. The Hang Seng Tech Index closed flat at 4,829 points. The China Enterprises Index rose 20 points or 0.2%. Among the actively traded blue-chip stocks, MEITUAN fell 1.7%, Xiaomi rose 1.6%, Hong Kong Exchanges and Clearing rose 1.4%, Alibaba fell 1.2%, and TENCENT rose 0.5%. China National Pharmaceutical Group rose over 5%, AIA rose 4%, and WHARF REIC rose 3.6%. IFBH had the largest increase, rising 24.3%

WHARF REIC

YIDU TECH

Guotai CSI Bio-medicine ETF

ALI HEALTH

The Half-Day Report shows that the Hang Seng Index closed at 25,462 points, up 212 points; the Hang Seng Tech Index closed flat at 4,829 points. China National Pharmaceutical Group rose over 5%, reaching a new high for Strength Development

The three major indices of the Hong Kong stock market collectively rebounded moderately today, with the Hang Seng Index and the Hang Seng Tech Index both achieving gains, but failing to break through the recent highs. The internet and information sectors boosted market sentiment, with Tencent and Baidu becoming the focus of capital attention. The energy sector saw a significant pullback, with individual stocks experiencing increased volatility, and structural opportunities and capital flows showing clear divergence. Capital activity in popular tech stocks was lively, and the market continued to pay attention to macro data and policy trends, with short-term sentiment remaining stable yet cautious

- As of March 5, the Hang Seng Index is at 25,723.03 points, having risen 1.87%, but it has not surpassed previous highs, indicating a range-bound market.  
- The technology sector reflects cautious bullish sentiment, with the Hang Seng Tech Index at 4,885.04 points, up 1.15%, while several large stocks have mixed performances amid continuous AI investment and market rotation.  
- Macroeconomic data is limited, and investors should monitor liquidity, export performance, and employment data closely to identify potential investment opportunities.

LB Select

Hong Kong Stock Market Update | The Hang Seng Index rose 1.72%, the Hang Seng Tech Index increased, with over 70% of popular tech stocks leading the way, highlighting sector differentiation and capital flow

BABO

The Hang Seng Tech Index has fallen 28% since October last year, with a market value evaporating by nearly $600 billion, mainly affected by the AI arms race. Tencent and Alibaba are facing intense AI subsidy wars, leading to increased market concerns about profits. Morgan Stanley data shows that the four major tech companies collectively invested about $1.1 billion in subsidies during the Spring Festival. Goldman Sachs has lowered Alibaba's target price, expecting its capital expenditures to exceed expectations. Despite attractive valuations, market sentiment remains cautious, waiting for a clearer AI strategy

- China's major tech giants are undergoing a valuation reassessment triggered by an AI arms race, with the Hang Seng Tech Index falling 28% since October, resulting in nearly $600 billion lost in market value.  
- Competitive pressure has led firms like Tencent and Alibaba to significantly increase spending on AI, with a collective $1.1 billion in user subsidies during the Spring Festival, raising concerns over profitability and market returns.  
- Analysts note the diverging fortunes between traditional tech giants and emerging AI firms, advising cautious investment as the market awaits clearer AI strategies from major players like Tencent and Alibaba.

YieldMax BABA Option Income Strategy ETF

Hengke evaporated 600 billion dollars, what is the market afraid of?

Global stock markets rebounded, with South Korean stocks rising over 12% and Japanese stocks up over 4%. U.S. stocks rebounded across the board, with the Dow Jones up 238 points, the S&P 500 up 52 points, and the Nasdaq up 290 points. Oil and gold prices rose slightly. Hong Kong stocks opened higher, with technology stocks such as Tencent, Alibaba, and MEITUAN generally rising, and HSBC up 3%. Xiaomi plans to launch new chips annually, while CNOOC received an upgrade but its stock price remained soft

- U.S. President Trump has officially nominated Waller to succeed Powell as the next Federal Reserve Chair, while Fed Governor Mester suggests that further interest rate cuts are appropriate despite the ongoing Middle East conflict's impact being too early to evaluate.  
- The U.S. dollar index fell to 98.69, leading to a rebound in major U.S. stock indices, with the Dow Jones rising 238 points and the Nasdaq adding 290 points.  
- Asian markets also reacted positively, with Japan's Nikkei 225 rising over 4% and South Korea's index increasing by 12%, while notable stocks like Samsung and SK Hynix saw significant gains.

Stheadline

HSBC

HSBC Holdings plc ADRhedged

Global stock markets rebounded, South Korean stocks once rose over 12%, the Hang Seng Index opened up 334 points, HSBC rose 3% | Hong Kong stock market opens

The global AI chip export control is a clear signal that the US is trying to preserve their dominance over the rest of the world by controlling the access to leading edge technology. This layer of geopolitical fabric veils the certainty for global businesses seeking to employ AI at scale. This would inadvertently drive businesses to diversify and reconsider the use of Chinese alternatives (or a mix of both), especially if both are now equally risky. Right now the Chinese tech companies are undervalued. Would it lead to a renewed and sustained interest in them? We shall sit back and see how it unfold.

A pivotal Friday unfolds as geopolitical tensions take a new turn, AI chip controls tighten globally, and markets brace for key jobs data. Here's your essential briefing:

Oracle

Broadcom

ESTUN

ESTUN AUTOMATION

ZHAOWEI

ALSCO POOLING

NVIDIA

iShares Silver Tr

SPDR Gold Shares

GLD SG

Pro Ultr Silver

CNMC Goldmine

ByteDance

ZTE Corporation

🔥 Market Flash: Iran Denies Strait Closure, Chip Controls Expand, Jobs Data Ahead | Mar 6, 2026

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

BABA-WR

Alibaba HK SDR 5to1

TENCENT-R

JP#TENCTRC2609U(64229.HK)

Tencent Cloud plans to sell approximately USD 75 million worth of PB Fintech shares

"Major Banks" Citigroup: Google Play's billing reform benefits game developers, Tencent and NetEase will benefit

Alibaba, Bytedance And Tencent Are Turning To Domestic Chipmakers To Ease The Pain From A Deepening Global Shortage Of Memory Chips - The Information

Net outflow of HKD 13.661 billion from the TRACKER FUND through Hong Kong Stock Connect

It is reported that the mainland autonomous driving technology company Momenta has secretly submitted an IPO application in Hong Kong, aiming to raise at least 1 billion USD