UB#TENCTRC2609K

Alibaba and Shanghai AI Laboratory Jointly Release AI Safety White Paper

AI Payment in Daily Scenarios in China

China's SAMR Holds Meeting with Food Delivery Platforms, Demanding Self-Correction

Tmall Car Care Announces 2026 "Six New" Strategic Directions

Tmall Health and Dozens of Companies Establish "Health Products Safety Alliance"

Tmall Car Care Unveils Its 'Six New' Strategic Directions for 2026

Alibaba Launches Newly Upgraded Wan2.7-Video Video Generation Model

Alibaba's Latest Large Language Model, Qwen 3.6-Plus, Becomes the Highest-Ranked Chinese Model on AI Programming Ability Leaderboard

Alibaba Cloud ranks first in China's financial intelligent agent market with a 32.4% market share

Alibaba repurchased approximately 620,000 shares for about $9.99 million on April 3

Alibaba Releases New AI Models and Shifts to Enterprise Monetization to Commercialize its AI Business

Alibaba CEO Eddie Wu and Chairman Joe Tsai Increase Holdings Through Vested RSUs

Several Institutional Investors Increase Stakes in Alibaba

Fliggy and Qianwen Announce Additional AI Cooperation with Over 30 Travel Brands

Alibaba launches its 'QinCheng Super Entrepreneur Community' in Shanghai

Alibaba Releases New Generation of Large Language Model QWEN3.6-PLUS

Alibaba's Qianwen AI Glasses Receive First OTA Upgrade, Integrate Taobao Flash Purchase and Alipay

Taobao Flash Shopping to Roll Out New Dedicated Delivery Model Nationwide to Increase Rider Income Transparency

Citigroup maintains "Buy" rating on Alibaba with a target price of HK$199.

Alibaba releases Tongyi Qianwen 2.7M raw image-to-text model with facial customization accurate to bone structure

LEOCH INT'L

STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

DPSK

SOXX

HUAWEI

SOXL

DeepSeek’s V4 model will run on Huawei chips - The Information.

Unusual Whales

SPDR S&P Semicon

VanEck Semiconductor ETF

DeepSeek

Invesco Semiconductors ETF

iShares Semiconductor ETF

Huawei

Direxion Semicon Bull 3X

DeepSeek’s V4 model will run on Huawei chips - The Information.

.HXC

BABA

TCEHY

00700

TCTZF

03690

01810

09988

BABX

KPDD

KBAB

KWEB

MCHI

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

JD HEALTH

NIO-SW

XPENG-W

JD.com

Alibaba

LI AUTO-W

Tencent

TENCENT

Tencent Holdings Limited

MEITUAN

JD LOGISTICS

XIAOMI-W

JD-SW

Xiaomi Corporation

BABA-W

XPeng

Meituan

Roundhill China Magnificent Seven ETF

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long PDD Daily ETF

KraneShares 2x Long JD Daily ETF

KraneShares 2x Long BABA Daily ETF

Direxion FTSE China Bull 3X

GraniteShares 2x Long PDD Daily ETF

Global X E-commerce ETF

Roundhill China Dragons ETF

Krne Csi China Internet

Invesco Golden Dragon China

iShares MSCI China

00883

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

GEELY AUTO

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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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%

AASTOCKS

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

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

On April 2, all three major Hong Kong stock indices weakened intraday, with the HSI falling 1.01%, failing to return to the previous trading day's high. Hardware, retail, and internet content sectors declined across the board, led by leading stocks like Xiaomi Group, Alibaba, and Tencent Holdings. Market turnover was active, while YOFC and GEELY AUTO stood out by bucking the trend. Investors are focusing on changes in market volume and macroeconomic recovery guidance

- On April 2, 2026, Hong Kong's three major indices declined, reflecting cautious market sentiment.  
- The Hang Seng Index fell 1.01% to 25,037.41, unable to surpass its previous high, while the tech sector led the losses with Tencent dropping 1.33%.  
- Market participants are closely monitoring upcoming economic data to gauge recovery prospects, amidst a strong US dollar affecting performance.

Market Heartbeat

KNOWLEDGE ATLAS

Hong Kong Stocks Intraday | Three Major Indices Collectively Weaken, Hardware and Retail Slump, XIAOMI-W Drops 3.87%

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00HSI

The Hang Seng Index's initial decline has expanded to over 220 points, currently reported at 25,064, down 229 points or 0.9%. Alibaba fell 3% to HKD 119, Tencent dropped 1.2%, and HSBC Holdings fell 1.5% to HKD 128.3. CNOOC rose 0.8%, and PetroChina increased by 1.4%. Airline stocks performed weakly, with China Eastern Airlines down 4.6% and China Southern Airlines down 4.3%

PETROCHINA

CHINA EAST AIR

CHINA SOUTH AIR

HSBC HOLDINGS

SINOPEC CORP

Hang Seng Index

The Hang Seng Index's initial decline has expanded to over 220 points, with Alibaba down 3%

The Nasdaq Golden Dragon China Index initially closed up 0.3%. Among popular Chinese concept stocks, Li Auto initially closed up 3.1%, NIO rose 2.7%, Tencent rose 0.8%, Alibaba fell 1.3%, and BYD fell 2.2%

NASDAQ 100 Technology Sector Market-Cap Weighted Index

China Universal NASDAQ 100 ETF(QDII)

Bosera NASDAQ 100 ETF(QDII)

02800

In the Hong Kong Stock Connect, CNOOC saw a net outflow of HKD 2.881 billion, while Pop Mart and Alibaba experienced net outflows of HKD 715 million and HKD 604 million, respectively. Tencent and Xiaomi Group had net inflows of HKD 1.063 billion and HKD 11.5 million, respectively. In the Hong Kong Stock Connect (Shanghai), Tencent was the stock with the highest net inflow, while TRACKER FUND had the highest net outflow. The total net outflow for the southbound trading was HKD 0, with a total transaction amount of HKD 128.141 billion, accounting for 43.97% of the total market transaction amount

TRACKER FUND

Net outflow of CNOOC in Hong Kong Stock Connect amounted to HKD 2.881 billion

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513130

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The total short selling amount in the Hong Kong stock market reached HKD 43.96 billion, accounting for 24.5% of the total shortable stock turnover of HKD 179.34 billion. The previous day's figure was 18.5%. The top five stocks by short selling amount include TRACKER FUND with a short selling ratio of 14.6% and a short selling amount of HKD 2 billion; BYD Company Limited with a short selling ratio of 61.3% and a short selling amount of HKD 1.93 billion; Xiaomi Group-W with a short selling ratio of 55.4% and a short selling amount of HKD 1.9 billion; TENCENT with a short selling ratio of 29% and a short selling amount of HKD 1.8 billion; and Alibaba-W with a short selling ratio of 28.4% and a short selling amount of HKD 1.45 billion

FL2 CSOP HSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

CSOP HS TECH

China Merchants CSI HK Technology ETF(QDII)

FI CSOP HSI

China Southern Hang Seng ETF

TRACKER FUND-R

FI2 CSOP HSI

Huatai-PB CSI HK Equities Technology ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

The total short selling in the Hong Kong stock market for the day was HKD 43.96 billion, accounting for 24.5% of the total turnover of shortable stocks

00241

Hong Kong stocks performed strongly today, with the Hang Seng Index closing up 505 points at 25,294 points, and the China Enterprises Index and Hang Seng TECH Index rising by 130 points and 106 points, respectively. Technology stocks generally rose, with Tencent, Alibaba, and Baidu all performing well. AI stock KNOWLEDGE ATLAS saw its annual net loss widen, but CICC expects significant revenue growth, leading to a 31.9% increase in its stock price. The overall market turnover reached HKD 291.421 billion

ALI HEALTH

BIDU-SW

Hang Seng China Enterprises Index

DAMAI ENT

Hang Seng TECH Index

"Hong Kong Stocks" The Hang Seng Index closed up 505 points, with AI and pharmaceutical stocks dancing, while airline and metal stocks surged

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

Alphabet - C

Alphabet

TENCENT-R

Tencent HK SDR 10to1

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

China tech should be well supported by the government. It is in the country’s interest that the local tech sector be vibrant and strong enough to stand up to the behemoths from US.

Heroic Lifesaver

Total asset size ranks among the top 2% of account holders
Calculated based on  your Longbridge (Singapore) A/C

Total Assets

Current rate of return reached top 3% of users
Calculated based on  your Longbridge (Singapore) A/C

📈 Share your trades, earn SGD $2 per post! 
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Learn, connect, and cash in! 🚀

📈 Share your trades, earn SGD $2 per post! How to join: post your P/L + 20-word insight in English Learn, connect, and cash in! 🚀

Trade Showcase

$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.

ISHARESHSTECH

NTES ADR US

UB#TENCTRC2609K(66661.HK)

UB#TENCTRC2609K Stock Performance Chart

DeepSeek’s V4 model will run on Huawei chips - The Information.

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%

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

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

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