---
title: "Zhitong Hong Kong Stocks Early Knowledge | Wall Street Tycoons Significantly Increase Holdings in Alibaba, Gold Breaks Through $2900 to Set New Record"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/227803355.md"
description: "Wall Street investor David Tepper significantly increased his holdings in Alibaba stock in the fourth quarter of last year, raising his stake to 11.8 million shares, with a market value exceeding $1.2 billion, making it his largest position. At the same time, he also increased his holdings in JD.com and PDD. Tepper is optimistic about the Chinese market, believing that its risk-reward ratio is highly attractive. U.S. stocks rose after Trump announced tariffs on imported steel and aluminum, and Alibaba's stock price increased by 7.5%"
datetime: "2025-02-10T23:47:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/227803355.md)
  - [en](https://longbridge.com/en/news/227803355.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/227803355.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/227803355.md) | [English](https://longbridge.com/en/news/227803355.md)


# Zhitong Hong Kong Stocks Early Knowledge | Wall Street Tycoons Significantly Increase Holdings in Alibaba, Gold Breaks Through $2900 to Set New Record

**【Today's Headlines】**

**Wall Street mogul David Tepper significantly increases his stake in Alibaba**

According to the Zhitong Finance APP, legendary U.S. investor and founder of hedge fund Appaloosa LP, David Tepper, significantly increased his holdings in Chinese stocks in the fourth quarter of last year, with Alibaba (BABA.US) becoming the largest position in the fund. According to the latest submitted 13-F regulatory filing, Tepper is firmly optimistic about the Chinese market, believing that the risk-reward ratio of Chinese stocks is extremely attractive globally. Tepper's Appaloosa fund increased its stake in Alibaba by 18% in the fourth quarter, raising its holdings to 11.8 million shares, with a market value exceeding $1.2 billion, making it the fund's largest position. Meanwhile, Tepper also increased his stake in JD.com (JD.US) by 44%, raising his holdings to 10.5 million shares, with a market value exceeding $400 million based on the current stock price ($42). Additionally, he slightly increased his stake in PDD (PDD.US) by 1%, bringing his holdings to 5.4 million shares.

**【Market Outlook】**

**U.S. President Trump announces a 25% tariff on all imported steel and aluminum**

Overnight, the Dow Jones Industrial Average rose by 167.01 points, an increase of 0.38%, closing at 44,470.41 points; the Nasdaq rose by 190.87 points, an increase of 0.98%, closing at 19,714.27 points; the S&P 500 index rose by 40.45 points, an increase of 0.67%, closing at 6,066.44 points. Nvidia (NVDA.US) rose nearly 3%, while Tesla (TSLA.US) fell by 3%.

The Nasdaq Golden Dragon China Index rose by 2.6%, reaching a two-month high, with Alibaba (BABA.US) up 7.5%, NetEase Youdao (DAO.US) up 41%, and Kingsoft Cloud (KC.US) up over 8%. The Hang Seng Index ADR rose, closing at 21,627.97, up 105.99 points or 0.49% compared to the Hong Kong closing.

U.S. President Trump announced a 25% tariff on all imported steel and aluminum, exacerbating the increasing uncertainty in global financial markets and driving gold prices to new record highs. Spot gold rose by 1.63%, trading at $2,907.76 per ounce, while COMEX gold futures rose by 1.64%, trading at $2,935.20 per ounce, fluctuating between $2,879.90 and $2,938.10 during the day.

**【Hot Topics Ahead】**

**State Council: Research on boosting consumption-related work to promote "Artificial Intelligence + Consumption"**

On February 10, the State Council held an executive meeting to study work related to boosting consumption, reviewing and approving the "2025 Action Plan for Stabilizing Foreign Investment," researching policy measures to resolve structural contradictions in key industries, and discussing the "Draft Law on National Development Planning of the People's Republic of China."

The meeting pointed out that boosting consumption is a top priority for expanding domestic demand and strengthening the domestic circulation. It is essential to change the mindset and place greater emphasis on boosting consumption. There should be strong support for increasing residents' income, promoting reasonable growth in wage income, broadening channels for property income, and enhancing consumption capacity. Focus should be on consumption areas with strong pull and significant growth potential, deeply tapping into consumption potential Promote the quality improvement of service consumption to benefit the people, optimize the service supply for the elderly and children, support convenient service consumption, and expand cultural, sports, and tourism consumption. Promote the renewal and upgrading of bulk consumption, increase support for the replacement of old consumer goods, better meet housing consumption needs, and extend the automotive consumption chain. Strengthen brand leadership in consumption, support the accelerated development of new types of consumption, promote "artificial intelligence + consumption," and continuously create new products, new scenarios, and new hotspots in consumption. Implement a three-year action plan to optimize the consumption environment, further improve systems for quality standards, credit constraints, comprehensive governance, and consumer rights protection, focus on solving prominent issues that the public strongly reflects, and create a trustworthy consumption environment.

**Gold Breaks $2,900 to Set New Record as Trump's Tariff Threat Boosts Safe-Haven Buying**

After U.S. President Donald Trump announced plans to impose tariffs on imported steel and aluminum, uncertainty in global financial markets increased, pushing gold to a record high. Trump's latest trade threats have boosted demand for safe-haven assets, with gold prices breaking above $2,900 per ounce, rising 2.2% at one point last week. Trump stated on Sunday that he would impose a 25% tariff on steel and aluminum from all countries, but did not specify when it would take effect. "Gold is still in a sweet spot, with almost no obstacles," said Richard Franulovich, an analyst at Westpac Banking Corporation. "Trump is fundamentally unpredictable and destructive, issuing tariff threats to both allies and adversaries, and threatening BRICS countries with 100% tariffs if they abandon the dollar, all of which enhance gold's appeal as a safe haven."

**Hongkong Post: Resumes Mail Service for Cargo to the U.S.**

According to Zhitong Finance APP, on February 10, Hongkong Post announced that, in light of the U.S. authorities confirming that no tariffs would be imposed on mail containing cargo sent from Hong Kong to the U.S., it will resume accepting mail containing cargo to the U.S. starting February 11.

**Ministry of Industry and Information Technology Issues "Regulatory Conditions for the Steel Industry"**

To implement the spirit of the 20th National Congress of the Communist Party of China and the second and third plenary sessions of the 20th Central Committee, and to carry out the deployment of the National New Industrialization Promotion Conference, the Ministry of Industry and Information Technology recently issued the "Regulatory Conditions for the Steel Industry" to promote high-quality development in the steel industry.

**China North Industries Group: Planning Restructuring with Other State-Owned Enterprises**

China North Industries Group Co., Ltd. announced that it is planning restructuring matters with other state-owned enterprise groups. This restructuring may lead to significant changes in the company's financial situation but will not adversely affect the company's daily management, normal production and operation activities, or debt repayment capabilities.

**Doubao Releases New Video Generation Model Igniting "Visual Cognition"**

Doubao has released a video generation experimental model called "VideoWorld." Unlike mainstream multimodal models such as Sora, DALL-E, and Midjourney, VideoWorld is the first in the industry to achieve world cognition without relying on language models, using only "visual information." This means that VideoWorld can enable machines to master complex abilities such as reasoning, planning, and decision-making by browsing video data. The team found that with just 300M parameters, VideoWorld has already achieved impressive model performance Currently, the project code and model have been open-sourced.

**Wang Chuanfu: BYD will launch track autonomous driving**

Wang Chuanfu, Chairman of BYD Company Limited (01211), stated at the launch event of BYD's Tian Shen Zhi Yan intelligent driving system that BYD will achieve true track autonomous driving through the vehicle's excellent performance and intelligent control capabilities. This system can collect various information on the track from all angles without dead spots. At the same time, track autonomous driving achieves the ultimate integration of performance and intelligence under the intelligent strategy of the entire vehicle through automatic control and distribution of torque vectoring.

Wang Chuanfu, Chairman and President of BYD, announced at the launch of BYD's intelligent strategy that the high-level intelligent driving system "Tian Shen Zhi Yan" has officially been released, divided into three versions, with the three-laser version mainly equipped on the Yangwang models. Wang Chuanfu stated that the Tian Shen Zhi Yan high-level intelligent driving can achieve zero takeover throughout the entire high-speed journey.

**China Unicom (00762) collaborates with Huawei to release millimeter-wave innovation results**

Recently, at the launch event of China Unicom's 5G-A action plan, China Unicom and Huawei jointly released the results of the 5G-A millimeter-wave innovation project, illuminating the Harbin Ice and Snow Festival with black technology. By constructing leading network technologies such as 10G eMBB and high-reliability low-altitude economy through millimeter waves, they have carried out innovative business demonstrations in areas such as 8K video broadcasting, low-altitude economy, and high-low frequency collaboration, providing an ultimate network experience for audiences, athletes, and media, laying a solid technical foundation for the development of the low-altitude economy, and providing important references and insights for the continuous development of the 5G-A communication industry.

**Longpan Technology (02465) subsidiary LBM New Energy (AP) Pte. Ltd. completes issuance of subscription shares**

According to Zhitong Finance APP, Longpan Technology (02465) announced that its subsidiary LBM New Energy (AP) Pte. Ltd. intends to issue $200 million in subscription shares. The board is pleased to announce that it has completed the implementation according to the terms and conditions of the subscription agreement. As of the date of this announcement, the relevant registration procedures for the initial follow-up investment and subscription matters are yet to be completed. Upon completion, the target company will be owned by existing shareholders, INA, and Aisis at 54.65%, 34.01%, and 11.34%, respectively. The target company remains a subsidiary of the company, and the financial performance of the target group continues to be consolidated into the group's accounts.

**QQ Music is the first in the industry to deploy DeepSeek**

QQ Music announced that its self-developed AI assistant has completed the deployment of the full version of the DeepSeek-R1 model, marking the first application of DeepSeek on a music platform. After integrating DeepSeek-R1, users will receive a more intelligent and engaging music content interaction experience when asking questions to the AI assistant on the QQ Music platform.

**AI server shipments are strong! Foxconn's January revenue hits the second highest in history for the same period, raises Q1 performance guidance**

According to Zhitong Finance APP, Foxconn's parent company Hon Hai Precision's sales in January increased by 3% year-on-year, and it has raised its performance expectations for the first quarter. This involves Hongteng Precision (06088) in the Hong Kong stock market **Geely will release its AI intelligent strategy layout in early March**

According to reports, Geely Automobile Group CEO Gan Jiayue recently announced at an internal meeting that a significant AI intelligent strategy will be publicly released in early March this year. He stated that this year, Geely will fully embrace AI, accelerating the gradual implementation of end-to-end voice large models, AI digital chassis, high-value intelligent driving, and other AI technologies in vehicles, becoming a popularizer of AI technology in smart cars.

**【Stock Highlights】**

**Out of the Door (02438): Deep adaptation with DeepSeek-R1, the latest reasoning large model from Deep Inquiry**

Out of the Door announced that the company will deeply adapt to DeepSeek-R1, the latest reasoning large model from Deep Inquiry, in February 2025, integrating its advanced capabilities into the company's entire line of AI products, aiming to provide users with a smarter and more convenient product experience. The company, in collaboration with Huawei Cloud, will launch the DeepSeek-R1 service based on Ascend Cloud services, bringing users a brand new intelligent experience. The powerful computing power of Huawei Cloud's Ascend Cloud services combined with DeepSeek's advanced model capabilities will inject new vitality into multiple products of the company, including "Meta Creation Island," "Wonderful Inquiry," "Wonderful Yuan," and "Magic Sound Workshop."

**【Disclaimer】This VIP information product is for communication and discussion purposes only and does not constitute any investment advice. Unauthorized reproduction is strictly prohibited. For more quality information and data products, please log in to the Zhitong Finance APP for inquiries.**

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