AI Orders on BABA-W's Qianwen App Exceed 10 Million Within 9 Hours of Free Order Promotion Launch
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.88%, with short selling reaching $2.37 billion and a ratio of 19.556%.
Qianwen App Promotion: The Qianwen App launched a "Spring Festival Treat Plan," offering free milk tea orders, which resulted in over 10 million AI orders within nine hours of the event.
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HKD4.3 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows totaling HKD4.3 billion, while other stocks like BABA-W (09988.HK) and POP MART (09992.HK) experienced notable short selling activity.
Market Activity Overview: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with substantial net inflows, while stocks like XIAOMI-W and AKESO faced the highest net outflows.
Short Selling Statistics: The short selling ratios for TENCENT, BABA-W, and POP MART were 15.248%, 19.556%, and 27.852% respectively, indicating a high level of market speculation.
Overall Market Sentiment: The total Southbound Trading net outflow was HKD0, accounting for 35.67% of the total transaction amount of HKD88.42 billion, reflecting fragile market sentiment according to JPM.
AI Orders on BABA-W's Qianwen App Exceed 10 Million Within 9 Hours of Free Order Promotion Launch
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.88%, with short selling reaching $2.37 billion and a ratio of 19.556%.
Qianwen App Promotion: The Qianwen App launched a "Spring Festival Treat Plan," offering free milk tea orders, which resulted in over 10 million AI orders within nine hours of the event.
Short Selling Activity Reaches $47.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $47.7 billion, accounting for 22.1% of the eligible securities turnover, slightly down from 23% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W, with CSOP HS TECH leading at $7.79 billion and a short selling ratio of 66.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decrease of 0.947%, with a significant short selling turnover of $7.79 billion and a high short selling ratio of 66.7%.
Other Notable Stocks: TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W also showed notable short selling activity, with TENCENT at $2.97 billion and a ratio of 15.2%, while MEITUAN-W had a turnover of $961.98 million and a ratio of 26.6%.
G Sachs: 2026 Crucial Year for AI Investments; BABA, TENCENT, and PDD Preferred Choices
Goldman Sachs Report: A research report from Goldman Sachs highlights 2026 as a pivotal year for AI investment and for Chinese internet companies to maintain their market positions amid rising competition in consumer AI applications.
Investment Focus: The report emphasizes the importance of seamless transaction capabilities and social functions for user retention, while predicting significant growth in AI capital expenditure by Chinese hyperscalers during 2026-2027.
Optimistic Sub-segments: Goldman Sachs identifies cloud & data centers, games & entertainment, and AI models as promising areas for investment, with Alibaba and Tencent being the most competitive stocks among Chinese internet giants.
Emerging Competitors: The report suggests that mid-to-large-sized companies, particularly PDD Holdings, may outperform larger giants in 2026 due to favorable valuations and strong user perceptions.
Short Selling Activity Reaches $25.9B, Representing 22.6% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $25.9 billion at midday, accounting for 22.6% of the turnover of eligible securities, slightly down from 23% on the previous trading day.
Top Shorted Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, TRACKER FUND, and XIAOMI-W, with CSOP HS TECH leading at $4.41 billion and a short selling ratio of 67.2%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 0.015 (-0.284%) with a significant short selling turnover of $4.41 billion.
Other Notable Stocks: TENCENT (00700.HK) and BABA-W (09988.HK) also experienced notable short selling, with turnovers of $1.74 billion and $1.42 billion, respectively, and short selling ratios of 15.5% and 21.1%.
BABA-W's Qianwen Spring Festival Promotion Launches with Free Milk Tea in First Round
Stock Performance: BABA-W (09988.HK) experienced a decline of 3.008%, with short selling reaching $2.77 billion and a ratio of 19.671%.
Qianwen App Promotion: The Qianwen App launched a "Spring Festival Treat Plan," offering users a RMB25 free order card for milk tea at over 300,000 shops, including popular brands.
Investment Significance: This RMB3 billion initiative marks Alibaba's largest investment in Spring Festival activities and is the highest among major AI companies this year.
User Experience Issues: Some users faced difficulties accessing the promotion, receiving messages indicating the event was too popular and suggesting they try again later.
HKD4.3 Billion Net Inflow from Southbound Trading into TENCENT
Southbound Trading Inflows: TENCENT (00700.HK) saw significant Southbound Trading net inflows totaling HKD4.3 billion, while other stocks like BABA-W (09988.HK) and POP MART (09992.HK) experienced notable short selling activity.
Market Activity Overview: TENCENT was the most active stock in both Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect, with substantial net inflows, while stocks like XIAOMI-W and AKESO faced the highest net outflows.
Short Selling Statistics: The short selling ratios for TENCENT, BABA-W, and POP MART were 15.248%, 19.556%, and 27.852% respectively, indicating a high level of market speculation.
Overall Market Sentiment: The total Southbound Trading net outflow was HKD0, accounting for 35.67% of the total transaction amount of HKD88.42 billion, reflecting fragile market sentiment according to JPM.
AI Orders on BABA-W's Qianwen App Exceed 10 Million Within 9 Hours of Free Order Promotion Launch
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.88%, with short selling reaching $2.37 billion and a ratio of 19.556%.
Qianwen App Promotion: The Qianwen App launched a "Spring Festival Treat Plan," offering free milk tea orders, which resulted in over 10 million AI orders within nine hours of the event.
Short Selling Activity Reaches $47.7B, Representing 22.1% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $47.7 billion, accounting for 22.1% of the eligible securities turnover, slightly down from 23% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W, with CSOP HS TECH leading at $7.79 billion and a short selling ratio of 66.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decrease of 0.947%, with a significant short selling turnover of $7.79 billion and a high short selling ratio of 66.7%.
Other Notable Stocks: TENCENT, BABA-W, XIAOMI-W, and MEITUAN-W also showed notable short selling activity, with TENCENT at $2.97 billion and a ratio of 15.2%, while MEITUAN-W had a turnover of $961.98 million and a ratio of 26.6%.
G Sachs: 2026 Crucial Year for AI Investments; BABA, TENCENT, and PDD Preferred Choices
Goldman Sachs Report: A research report from Goldman Sachs highlights 2026 as a pivotal year for AI investment and for Chinese internet companies to maintain their market positions amid rising competition in consumer AI applications.
Investment Focus: The report emphasizes the importance of seamless transaction capabilities and social functions for user retention, while predicting significant growth in AI capital expenditure by Chinese hyperscalers during 2026-2027.
Optimistic Sub-segments: Goldman Sachs identifies cloud & data centers, games & entertainment, and AI models as promising areas for investment, with Alibaba and Tencent being the most competitive stocks among Chinese internet giants.
Emerging Competitors: The report suggests that mid-to-large-sized companies, particularly PDD Holdings, may outperform larger giants in 2026 due to favorable valuations and strong user perceptions.
Short Selling Activity Reaches $25.9B, Representing 22.6% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $25.9 billion at midday, accounting for 22.6% of the turnover of eligible securities, slightly down from 23% on the previous trading day.
Top Shorted Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TENCENT, BABA-W, TRACKER FUND, and XIAOMI-W, with CSOP HS TECH leading at $4.41 billion and a short selling ratio of 67.2%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 0.015 (-0.284%) with a significant short selling turnover of $4.41 billion.
Other Notable Stocks: TENCENT (00700.HK) and BABA-W (09988.HK) also experienced notable short selling, with turnovers of $1.74 billion and $1.42 billion, respectively, and short selling ratios of 15.5% and 21.1%.
BABA-W's Qianwen Spring Festival Promotion Launches with Free Milk Tea in First Round
Stock Performance: BABA-W (09988.HK) experienced a decline of 3.008%, with short selling reaching $2.77 billion and a ratio of 19.671%.
Qianwen App Promotion: The Qianwen App launched a "Spring Festival Treat Plan," offering users a RMB25 free order card for milk tea at over 300,000 shops, including popular brands.
Investment Significance: This RMB3 billion initiative marks Alibaba's largest investment in Spring Festival activities and is the highest among major AI companies this year.
User Experience Issues: Some users faced difficulties accessing the promotion, receiving messages indicating the event was too popular and suggesting they try again later.
