---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/38721602.md"
description: "From a market perspective, foreign capital is fleeing, and Stock Connect (for Hong Kong) is taking over. Market share is being severely eroded by Alibaba and JD.com. It won't die, but it's hard to save."
datetime: "2026-02-13T09:15:34.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38721602.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38721602.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38721602.md)
author: "[MR.sunshine](https://longbridge.com/zh-CN/profiles/17612900.md)"
---

> 支持的语言: [English](https://longbridge.com/en/topics/38721602.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38721602.md)


# From a market perspective, foreign capital is flee…


### 相关股票

- [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md)
- [BABA-WR (89988.HK)](https://longbridge.com/zh-CN/quote/89988.HK.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [JD-SW (09618.HK)](https://longbridge.com/zh-CN/quote/09618.HK.md)
- [JD.com (JD.US)](https://longbridge.com/zh-CN/quote/JD.US.md)
- [JD-SWR (89618.HK)](https://longbridge.com/zh-CN/quote/89618.HK.md)
- [Alibaba HK SDR 5to1 (HBBD.SG)](https://longbridge.com/zh-CN/quote/HBBD.SG.md)
- [JD HK SDR 10to1 (HJDD.SG)](https://longbridge.com/zh-CN/quote/HJDD.SG.md)