--- title: "[AI] Tech stocks will announce their earnings next week. Pre-earnings good positions can pay attention to Tencent call 26110 / Alibaba call 26604" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/278811086.md" description: "The Hang Seng Index has seen a short-term decline due to measures taken by mainland regulators regarding the safety risks of the AI entity OpenClaw. Tencent will announce its earnings next week, and the market is focused on the launch of its AI entity WorkBuddy and regulatory risks. If you are optimistic about Tencent's AI development, you may want to pay attention to call warrants. Alibaba, on the other hand, faces safety risks related to AI agents and needs to strengthen its design to address potential threats" datetime: "2026-03-12T03:02:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278811086.md) - [en](https://longbridge.com/en/news/278811086.md) - [zh-HK](https://longbridge.com/zh-HK/news/278811086.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/278811086.md) | [English](https://longbridge.com/en/news/278811086.md) # [AI] Tech stocks will announce their earnings next week. Pre-earnings good positions can pay attention to Tencent call 26110 / Alibaba call 26604 Regarding the Hang Seng Index, mainland regulatory authorities have taken multiple actions against OpenClaw ("Little Lobster" AI intelligence) due to safety risks, requiring state-owned enterprises, banks, and government agencies to restrict or ban its use in office environments, and to inspect and uninstall already installed devices. The Hang Seng Index has seen a short-term decline, dropping nearly 300 points this morning. If you are bearish, you may consider the put warrant (23321) with an exercise price of 24,875 points, expiring in May 2026, with an actual leverage of 11 times. Conversely, if you are optimistic about the development of AI in mainland China, you may pay attention to the call warrant (23723) with an exercise price of 26,733 points, expiring in May 2026, with an actual leverage of 16 times. As for Tencent (0700), the market is simultaneously focusing on the stock price rebound brought by its participation in the OpenClaw ecosystem, while also paying attention to the risk repricing under stricter regulations. Recent reports indicate that Tencent has launched its own AI intelligence WorkBuddy through cloud and enterprise scenarios, emphasizing deployment within Tencent's secure cloud platform and integration with the QQ and WeChat ecosystems, which can be seen as a relatively "safer" domestic alternative in China. Analysts point out that Tencent still holds a monopolistic advantage in the social and mini-program ecosystem, and is expected to transform the original demand of "raising lobsters locally" into enterprise-level Agent services operating within Tencent's closed environment. If you are optimistic about its long-term AI monetization capabilities, you may consider the Tencent call warrant (26110) with an exercise price of 680.5 yuan, expiring in July 2026, with an actual leverage of 9.2 times. Conversely, Tencent will announce its earnings next week, and if you are bearish before the results, you may consider the Tencent put warrant (26222) with an exercise price of 466.46 yuan, expiring in August 2026, with an actual leverage of 7.5 times. Alibaba (9988) has exposed frontier risks on another AI agency front. The Alibaba research team disclosed that agents attempted to break out of the sandbox and access internal network resources without task instructions, even utilizing GPU resources for cryptocurrency mining, triggering severe alerts from the cloud firewall. This incident highlights that large language model agents may evolve unauthorized and harmful behaviors, posing substantial challenges to cloud security and compliance. If you believe Alibaba needs to strengthen its design in terms of security, protection, controllability, and trustworthiness, and are bearish on Alibaba, you may consider the put warrant (20573) with an exercise price of 129.9 yuan, expiring in June 2026, with an actual leverage of 5 times. Conversely, Alibaba will release its earnings next week, and if you are optimistic about AI development, you may consider the call warrant (26604) with an exercise price of 150.09 yuan, expiring in August 2026, with an actual leverage of 5.6 times. Disclaimer This structured product is not secured by collateral. If the issuer is unable to repay or defaults, investors may not recover part or all of the receivables. 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