BABA Qwen App Joins Forces with Taobao/ Taobao Instant Commerce, Making It the World's First Platform to Offer AI Shopping Features Such as Flight Booking
BABA-W Stock Performance: BABA-W (09988.HK) experienced a decline of 3.373%, with short selling amounting to $4.03 billion and a ratio of 9.883%.
Qwen App Integration: The Qwen App has fully integrated with various Alibaba ecosystem businesses, enabling AI shopping features like purchasing goods and booking flights, and is currently in testing for all users.
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Short Selling Activity Reaches $36.8B, Representing 16.7% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $36.8 billion, accounting for 16.7% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, BABA-W, and MEITUAN-W, with short selling ratios ranging from 8% to 39.7%.
CSOP HS TECH Performance: CSOP HS TECH had a short selling amount of $2.28 billion, with a short selling ratio of 27.1%.
XIAOMI-W Performance: XIAOMI-W recorded a short selling amount of $1.73 billion, with the highest short selling ratio among the top five at 39.7%.
Industry Experts Anticipate Upcoming Release of BABA-W's Next-Generation Foundation Model Qwen3.5
Hugging Face Pull Request: The AI open-source community, Hugging Face, has submitted a pull request to merge Alibaba's next-generation model Qwen3.5 into its Transformers project.
Qwen3.5 Features: Industry insiders anticipate the imminent release of Qwen3.5, which is expected to feature a new hybrid attention mechanism and possess capabilities for native visual understanding.
Short Selling Activity Reaches $18.8B, Representing 16.9% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $18.8 billion at midday, accounting for 16.9% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, MEITUAN-W, and BABA-W, with short selling ratios ranging from 11.3% to 45.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) had a short selling turnover of $1.16 billion, with a short selling ratio of 30.2%.
XIAOMI-W and MEITUAN-W Highlights: XIAOMI-W (01810.HK) reported a short selling turnover of $996 million and a ratio of 40.8%, while MEITUAN-W (03690.HK) had a turnover of $916.9 million with a ratio of 45.7%.
<JPM's New 'High-Conviction' Stock Picks in Emerging Markets (Table)>
JPMorgan's High-Conviction Stocks: JPMorgan has identified several "High-Conviction" stocks in emerging markets, all rated as Overweight, including Hong Kong-listed BABA-W, PING AN, and ZIJIN MINING.
Stock Performance and Short Selling: The report highlights the short selling data for these stocks, with BABA-W showing a short selling ratio of 17.737%, PING AN at 30.252%, and ZIJIN MINING at 30.161%.
Additional Stock Picks: Other notable stocks listed in different regions include TSMC in Taiwan, Samsung Electronics in South Korea, and State Bank of India in India, among others.
Market Reactions: Morgan Stanley has maintained TENCENT as a top pick, suggesting that the market may be overreacting to potential negative impacts from VAT regulation.
JPM: It's Premature to Identify Final Leaders in AI Applications, Favors BABA-W, BIDU-SW, and KUAISHOU-W
Changing Consumer Behavior: JPMorgan's research indicates a shift in consumer behavior towards using chatbots as primary tools for search, recommendations, and task execution, prompting large internet platforms to invest heavily in marketing to boost adoption and increase token consumption.
Investment Recommendations: The broker favors companies benefiting from China's AI infrastructure, such as Alibaba (BABA-W) and Baidu (BIDU-SW), as well as online advertising firms like Kuaishou (KUAISHOU-W), while noting the uncertainty in identifying long-term AI winners.
Tencent's AI Strategy: Concerns have been raised about Tencent's cautious approach to AI advancements compared to competitors, with the stock trading at a valuation that reflects some market apprehension, yet the broker believes its core earnings outlook remains strong.
Tencent's Competitive Edge: JPMorgan emphasizes that Tencent's greatest asset lies in its distribution and user engagement capabilities, which can enhance the scalability of new technologies, including AI, at a lower user acquisition cost than its peers.
Report: Qianwen from BABA-W and Yuanbao Red Packet from TENCENT Now Allow Copying in WeChat
Stock Performance: BABA-W (09988.HK) saw a rise of 2.516%, while TENCENT (00700.HK) experienced a decline of 2.922% in their stock prices.
Short Selling Data: BABA-W had short selling of $2.37B with a ratio of 19.556%, while TENCENT's short selling reached $2.97B with a ratio of 15.248%.
WeChat Developments: Chinese media reported that WeChat has now allowed the copying of TENCENT's "Yuanbao" within its platform, following earlier restrictions against both "Qianwen" and "Yuanbao".
Market Context: The changes in WeChat's policies come amid a competitive landscape for AI red packets during the Spring Festival, where both companies were previously facing a blockade.
Short Selling Activity Reaches $36.8B, Representing 16.7% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $36.8 billion, accounting for 16.7% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, BABA-W, and MEITUAN-W, with short selling ratios ranging from 8% to 39.7%.
CSOP HS TECH Performance: CSOP HS TECH had a short selling amount of $2.28 billion, with a short selling ratio of 27.1%.
XIAOMI-W Performance: XIAOMI-W recorded a short selling amount of $1.73 billion, with the highest short selling ratio among the top five at 39.7%.
Industry Experts Anticipate Upcoming Release of BABA-W's Next-Generation Foundation Model Qwen3.5
Hugging Face Pull Request: The AI open-source community, Hugging Face, has submitted a pull request to merge Alibaba's next-generation model Qwen3.5 into its Transformers project.
Qwen3.5 Features: Industry insiders anticipate the imminent release of Qwen3.5, which is expected to feature a new hybrid attention mechanism and possess capabilities for native visual understanding.
Short Selling Activity Reaches $18.8B, Representing 16.9% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $18.8 billion at midday, accounting for 16.9% of the eligible securities turnover, a decrease from 22.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, XIAOMI-W, TRACKER FUND, MEITUAN-W, and BABA-W, with short selling ratios ranging from 11.3% to 45.7%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) had a short selling turnover of $1.16 billion, with a short selling ratio of 30.2%.
XIAOMI-W and MEITUAN-W Highlights: XIAOMI-W (01810.HK) reported a short selling turnover of $996 million and a ratio of 40.8%, while MEITUAN-W (03690.HK) had a turnover of $916.9 million with a ratio of 45.7%.
<JPM's New 'High-Conviction' Stock Picks in Emerging Markets (Table)>
JPMorgan's High-Conviction Stocks: JPMorgan has identified several "High-Conviction" stocks in emerging markets, all rated as Overweight, including Hong Kong-listed BABA-W, PING AN, and ZIJIN MINING.
Stock Performance and Short Selling: The report highlights the short selling data for these stocks, with BABA-W showing a short selling ratio of 17.737%, PING AN at 30.252%, and ZIJIN MINING at 30.161%.
Additional Stock Picks: Other notable stocks listed in different regions include TSMC in Taiwan, Samsung Electronics in South Korea, and State Bank of India in India, among others.
Market Reactions: Morgan Stanley has maintained TENCENT as a top pick, suggesting that the market may be overreacting to potential negative impacts from VAT regulation.
JPM: It's Premature to Identify Final Leaders in AI Applications, Favors BABA-W, BIDU-SW, and KUAISHOU-W
Changing Consumer Behavior: JPMorgan's research indicates a shift in consumer behavior towards using chatbots as primary tools for search, recommendations, and task execution, prompting large internet platforms to invest heavily in marketing to boost adoption and increase token consumption.
Investment Recommendations: The broker favors companies benefiting from China's AI infrastructure, such as Alibaba (BABA-W) and Baidu (BIDU-SW), as well as online advertising firms like Kuaishou (KUAISHOU-W), while noting the uncertainty in identifying long-term AI winners.
Tencent's AI Strategy: Concerns have been raised about Tencent's cautious approach to AI advancements compared to competitors, with the stock trading at a valuation that reflects some market apprehension, yet the broker believes its core earnings outlook remains strong.
Tencent's Competitive Edge: JPMorgan emphasizes that Tencent's greatest asset lies in its distribution and user engagement capabilities, which can enhance the scalability of new technologies, including AI, at a lower user acquisition cost than its peers.
Report: Qianwen from BABA-W and Yuanbao Red Packet from TENCENT Now Allow Copying in WeChat
Stock Performance: BABA-W (09988.HK) saw a rise of 2.516%, while TENCENT (00700.HK) experienced a decline of 2.922% in their stock prices.
Short Selling Data: BABA-W had short selling of $2.37B with a ratio of 19.556%, while TENCENT's short selling reached $2.97B with a ratio of 15.248%.
WeChat Developments: Chinese media reported that WeChat has now allowed the copying of TENCENT's "Yuanbao" within its platform, following earlier restrictions against both "Qianwen" and "Yuanbao".
Market Context: The changes in WeChat's policies come amid a competitive landscape for AI red packets during the Spring Festival, where both companies were previously facing a blockade.
