KraneShares 2x Long BABA Daily ETF

Alibaba

LEADING IDEAL

01810

HUAWEI

GOOG

GOOGL

09988

AMZN

02015

BYTED

81810

XIACY

BABA

89988

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HBBD

AI glasses are regarded as the 'next-generation personal mobile gateway' and are also the most likely mobile terminal to challenge smartphones.

XIAOMI-W

Huawei

Alphabet - C

Alphabet

BABA-W

Amazon

LI AUTO-W

C3.AI

ByteDance

Meta Platforms

XIAOMI-WR

Xiaomi Corporation

BABA-WR

Li Auto

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Xiaomi HK SDR 2to1

Alibaba HK SDR 5to1

Alibaba, ByteDance, and Li Auto are rushing into the market; are AI glasses becoming the 'next big thing'? (Minutes)

Meituan

Conference Minutes

03690

MPNGY

83690

HMTD

The following are the Minutes of the FY25 Q3 earnings call for $MEITUAN(03690.HK) organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Meituan: A Loss of Nearly 20 Billion! Did Alibaba Really Succeed in Stealing the House This Time?&#34; 1. Review of Core Financial Data Performance Overview: Total Revenue: 95.5 billion yuan (YoY +2%). Profitability: Operating cost rate 73.6% (YoY +12.9pts), mainly due to rider incentives and rising overseas costs; adjusted net loss of 16 billion yuan, affected by irrational industry competition and strategic investments...

MEITUAN

MEITUAN-WR

Meituan HK SDR 5to1

Meituan (Minutes): 3Q loss peaks, but 4Q will continue the loss trend

Financial Analysis

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$MEITUAN(03690.HK) released its Q3 earnings after the Hong Kong stock market closed on November 28th, being the last among the 'Three Fools' in the food delivery battle. During the summer quarter, which saw the most intense subsidies, Meituan reported a massive operating loss of 19.8 billion, compared to JD.com's 'slight loss' of about 1 billion and Alibaba's remaining profit of approximately 5 billion. As the defending party under attack, Meituan's situation is much more severe compared to Alibaba and JD.com. Key points are as follows: 1. Is Meituan's actual loss 80% of Alibaba's?: First, let's look at the most concerning issue of losses. This quarter, the operating loss of the local commerce segment reached as high as 14.1 billion...

JD-SW

JD.com

JD-SWR

JD HK SDR 10to1

Meituan: A staggering loss of nearly 20 billion! Did Alibaba really succeed in this takeover?

Today’s Key News Recap

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1127 | Dolphin Research Focus: 🐬 Macro/Industry 1. The Office of the United States Trade Representative announced that the exemption of certain tariffs on Chinese goods, established under Section 301 due to issues related to technology transfer and intellectual property, will be extended until November 10, 2026. The original exemption was set to expire on November 29. In the short term, this can provide a 'safe period' for Chinese export enterprises in terms of orders and profits, and also reduce costs for American importers and consumers. However, the overall tariff framework remains unchanged, and the competition between China and the U.S. in high-tech fields will continue...

DiDi

Taiwan Semiconductor

Pro Ultr Silver

iShares Silver Tr

Morgan Stanley

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

Alibaba AI Glasses Enter the Market, Meituan Financial Report to be Released Tomorrow | Today's Important News Recap

The following are the minutes of Alibaba's FY26Q2 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;AI Shapes the Soul, Consumption Shapes the Root, Has Alibaba Finally Stood Up?&#34; 1. Review of Core Financial Information 2. Detailed Content of the Earnings Call Core Information from Management Statements 1. Progress of the &#34;AI + Cloud&#34; Strategy a. Performance: Driven by strong demand for AI, Alibaba Cloud's external commercialization revenue accelerated to a growth of 29%. Revenue from AI-related products achieved triple-digit year-on-year growth for nine consecutive quarters. Market share has comprehensively increased in several sub-sectors (hybrid cloud, financial cloud)...

MediaAlpha

Urban Edge Properties

Ameriprise Financial

Alibaba (Minutes): No AI bubble within three years, Flash Sale UE losses have halved from the peak

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00700

NVDA

TCTZF

TCEHY

80700

NVDL

07788

HTCD

$Alibaba(BABA.US) released its Q2 FY2026 results during US pre-market trading on 25 November. The two key market concerns this quarter centred on investments driven by its food delivery business and the growth trajectory of its cloud operations: Regarding the former, food delivery losses this quarter are estimated at approximately ¥36 billion, falling within the lower end of the company's prior guidance range. Meanwhile, cloud services revenue growth accelerated beyond expectations to 34.5%, with profit margins remaining stable year-on-year – outperforming already robust projections. Bloomberg's consensus estimates were not updated in time for this quarter, rendering them of limited reference value...

SUNART RETAIL

TENCENT

NVIDIA

Tencent Holdings Limited

Tencent

TENCENT-R

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

Tencent HK SDR 10to1

AI shapes the soul, consumption shapes the roots, has Alibaba finally stood up?

Alibaba F2Q26 Quick Interpretation: The two most concerning issues for the market this quarter—losses caused by food delivery and the growth of the cloud business. For the former, our estimates suggest a loss of around 39 billion, which is at the upper end of the company's previous guidance range, making it an expected but unfavorable news. Meanwhile, the growth rate of cloud business revenue exceeded expectations, accelerating to 34.5%, with the profit margin remaining flat year-on-year, stronger than the already high expectations. Bloomberg's consensus forecast for this quarter was not updated in time, thus having limited reference value. Dolphin Research will consider the latest expectations from major institutions:1) The core Taobao and Tmall business's CMR year-on-year growth rate is 10.1%, consistent with last quarter's growth and in line with market expectations. Considering the base period from last September when a 0.6% merchant service fee was added, the performance is still decent, though not surprising.2) Including food delivery and travel services, the new Taobao and Tmall (domestic e-commerce group) reported an adj. EBITA of 10.5 billion this quarter, with food delivery losses decreasing by 76.5% year-on-year. The latest major institutions' expectations range from about 7.5 to 10 billion, with actual performance at the upper end of expectations, not as concerning as feared.3) Another key indicator, Alibaba Cloud's revenue grew by 34.5% year-on-year this quarter, stronger than the market expectation which had been raised to over 30%, making it the most unexpected point of this performance. However, after excluding internal demand from the group, Alibaba Cloud's growth rate accelerated by 3 percentage points quarter-on-quarter, not as strong as it appears overall. In other words, this quarter, Alibaba's internal demand for cloud services was also stronger.4) The International E-commerce Group's revenue grew by about 10% this quarter, continuing to slow down significantly. However, the corresponding adj. EBITA for this quarter has already turned positive to 160 million, aligning with the previous shift towards refined operations to improve limited profitability. (Too much investment in food delivery and cloud, indeed leaving no room for overseas business investment).5) All other bundled businesses reported a loss this quarter, expanding significantly from over 1 billion last year and last quarter to nearly 3.4 billion. However, major institutions had generally raised their loss expectations to 5 billion, with actual losses slightly less. This mainly reflects investments in Gaode's street view ranking and AI 2C directions like Quark and Qianwen. $Alibaba(BABA.US) $BABA-W(09988.HK) $BABA-WR(89988.HK)

GS-A

GS-C

GS-D

On November 18th, before the U.S. stock market opened, $PDD(PDD.US) announced its Q3 2025 earnings. At that time, few could predict the results, and the once 'forever young' Pinduoduo now seems to have entered a mature phase from various perspectives. This quarter's performance is mixed; the positive aspect is that after the impact of state subsidies waned, the main site's profit began to recover. The concern, however, is that Pinduoduo seems to have completely lost its previously most striking 'growth potential.' Specifically: 1. Revenue appears decent but is actually not: Pinduoduo's total revenue for this quarter was approximately RMB 108.3 billion, a year-on-year increase of 9%...

Goldman Sachs

GOLDMAN SACHS GROUP INC DEP SHR REP 1/1000TH PFD SER A

GOLDMAN SACHS GROUP INC DEP SHS REPSTG 1/1000TH PRF SER C

GOLDMAN SACHS GROUP INC DEP REP 1/1000TH PRF D

Pinduoduo's Embarrassment: Rapid 'Aging,' Yet No Repurchase

Ctrip

09961

K3RD

TRIP

MMYT

TCOM

HTGD

After the US stock market closed on November 18, $Trip.com(TCOM.US) announced its financial results for the third quarter of fiscal year 2025. The performance remained stable, with both revenue and profit slightly better than expected. Specifically: 1. Overall performance remained stable: In general, Trip.com Group's net revenue for this quarter was approximately RMB 18.3 billion (excluding business tax), representing a year-on-year increase of 15.4%. The growth rate slightly slowed down compared to the previous quarter but was still slightly higher than the market expectation of 14.5%, indicating stable growth. In terms of profit, the adjusted operating profit, after adding back stock-based compensation, was RMB 6.2 billion, a year-on-year increase of 13%, slightly higher than the company's guidance of RMB 5.8-5.9 billion...

TRIP.COM-S

TRIP ADR US+

Tripadvisor

MakeMyTrip

Trip.com

Trip.com HK SDR 50to1

Ctrip: Awaiting the Release of Overseas Profits

02618

The three major domestic e-commerce giants--$JD.com(JD.US) first delivered their Q3 financial report on November 13th. In summary, this quarter's performance was also &#34;divided,&#34; with both good and bad news. Overall, revenue remained stable, but losses were more severe than expected. By segment, the core mall segment performed excellently, with both revenue and profit being superior, while the profits from new businesses and JD Logistics were worse than expected. Detailed points are as follows: 1. Revenue is okay, profit is not: In terms of overall figures, JD.com's total revenue for the quarter increased by 15% year-on-year, slightly above the market expectation of 13%. Although the growth rate of electrical sales has indeed deteriorated significantly...

JD LOGISTICS

JD.com: Even without state subsidies, still needs to 'strike everywhere'

Southbound funds increased their holdings of Alibaba by 2.7587 million shares on December 5th

Southbound Trading Records Net Sale of HK$1.776 Billion in Alibaba Shares

Fliggy Launches Hotel Official Flagship Stores 2.0 and Fezhulianmeng 2.0, Amap Releases AI Parking Radar

Alibaba Cloud Promotes OpenAnolis to Become Leading Open-Source Project in China

Alibaba obtains a technology patent for a cross-availability zone device switching system

Sinolink Maintains Buy Rating on Alibaba

Alibaba applies for registration of Taobao Express related trademarks

Alibaba's Cainiao Post quietly launches community group buying business 'Yuanxuan Jishi'

Ele.me App Renamed and Updated to Taobao Flash Purchase

Shinsegae Duty Free partners with Alibaba's Fliggy to target Chinese tourists

Alibaba's 'Qwen' upgrades office capabilities, opening features like PPT generation for free

Analysis: Why Alibaba May Be Winning The Global Model Race

Ele.me (Taobao Express) Voluntarily Adopts National Standard for Online Food Delivery Platform Service Management

Alibaba's 1688 platform launches AI agent 'Ao Xia'.

Alibaba's Qwen integrates Office functions into its dialogue box

Alibaba significantly reduces its stake in ASR Microelectronics, cashing out over 900 million RMB

Alibaba's Fliggy partners with Bordeaux to develop winery tourism for Chinese tourists

Alibaba Reduces Its Stake in LionRock Holdings

Alibaba Announces FY2026 Interim Results with 3.27% Revenue Growth and 9.87% Decline in Net Profit

Qwen Achieves Breakthrough Performance in Multiple International Exams

Treasure Gbl

SMX Security Matters

Wheeler Real Estate

DigitalBridge

Toro

Dreamland

Lichen

Springview

Alumis

Top Kingwin

The Ele.me app has been updated to Taobao Flash Sale, integrating into Alibaba Group's strategy. According to informed sources, the brand update does not affect the organizational structure

Wallstreetcn

Informed sources: The Ele.me brand update will not affect the organizational structure

01801

PNGAY

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The total short selling amount in the Hong Kong stock market reached HKD 29.97 billion, accounting for 15.7% of the turnover of shortable shares. The main shorted stocks include Xiaomi Corporation, Tracker Fund of Hong Kong, Ping An, Alibaba, and INNOVENT BIO, with short selling ratios of 18.7%, 26.3%, 33.2%, 9.5%, and 36.7%, respectively

AASTOCKS

INNOVENT BIO

Ping An Insurance

Ping An

PING AN

The total short selling in the Hong Kong stock market for the day was HKD 29.97 billion, accounting for 15.7% of the turnover of shortable stocks

Zhu Xiaohu believes that ByteDance is leading in the AI field, with an excellent Doubao experience and a clear traffic advantage. He pointed out that Alibaba needs to refocus, as the financial report shows significant investments in instant retail and AI, facing strategic challenges

Zhu Xiaohu stated that Doubao is leading in large factory AI

$Alibaba(BABA.US) BABA is better for day trading than long-term holding. And honestly, catching the swings can be pretty sweet.

$Alibaba(BABA.US) is depressing the price in Hong Kong while accumulating shares in the U.S. market.

$Alibaba(BABA.US)Qwen app MAUs surged 149%—world’s fastest-growing AI app

$Alibaba(BABA.US) Qwen currently holds a position in China somewhat similar to Claude's in the US—both excel primarily at coding but still fall short as chatbots.

$Alibaba(BABA.US) and $Intel(INTC.US) have basically hit rock bottom — they just can’t fall any further.

Intel

INTEL-T