E Fund CSI HK Connect Internet ETF

Alibaba Cloud Launches Qwen3.7-MaX with Significant Performance Boosts

Fliggy Launches Hotel Merchant AI Assistant, Over 110k Hotels Join with 70% Efficiency Boost

Alibaba Unveils 128-GPU AI Server Based on Zhenwu M890

National subsidies increase for Tmall 618, adding 22 new categories

Alibaba Cloud Launches Next-Gen AI Chip Zhenwu M890

Citi raises Beike-W 2026 earnings forecast to 6.9 billion RMB, target price rises to 73.6 HKD

Apple, Huawei, Xiaomi Cut High-End Phone Prices for 618

Kuaishou boosts promotion of Jay Chou's new album 'Son of the Sun', achieving 2.64 billion online exposures.

Alibaba holds Cloud Summit in Hangzhou, may release a major new AI model

Bilibili expects AI capex to rise by 1 billion RMB, maintains high ad growth and game launch plans

Xiaomi will hold a 'Human x Car x Home' new product launch event on May 21 to unveil the Xiaomi YU7 GT electric vehicle

KUAISHOU-W to Release FY2026 Q1 Earnings on May 27 After-Market (BJT), Forecast Revenue HKD 38.52 B, EPS HKD 0.6331

Meituan's self-operated retail business 'Xiaoxiang Supermarket' to launch in Jinan and Qingdao, Shandong in May

FactSet Survey: 31 Analysts Lower Bilibili's 2026 EPS Estimate to $1.03

Xiaomi Co-founder Lin Bin Plans to Reduce Shareholding Starting December 2026

Kuaishou Technology Plans to Hold Annual General Meeting on June 25, 2026

Ke Holdings Q1 Earnings: Record Profit, 3000 Executives Move to Frontline for Organizational Reform

Tencent Holdings released the Next Day Disclosure Report on share repurchase

BlackRock's Long Position in Meituan-W Decreases to 5.89%

513040

588200

BABX

513770

KBAB

On May 19th, the A-share market experienced a major reversal, with the Shanghai Composite Index rising 0.92% to 4,169.54 points, and the chip and semiconductor sectors performing strongly. Hwabao SSE STAR Artificial Intelligence ETF and SSE STAR Chip ETF rose by 4.21% and 3.82%, respectively. The power ETF reached a historical high, and the Hong Kong stock internet ETF also rebounded, with Tencent Holdings rising over 4%. Multiple institutions are optimistic about the Hong Kong stock internet sector capitalizing on AI diffusion opportunities, as Alibaba and Tencent are transforming into "AI + Cloud" technology platforms

同壁财经

Harvest SSE STAR Chip ETF

BABA 2x Long Daily ETF - GraniteShares

iShares Semiconductor ETF

Hwabao WP CSI All Share Electric Utilities ETF

Hwabao WP SSE STAR Artificial Intelligence ETF

Direxion Semicon Bull 3X

VanEck Semiconductor ETF

Hwabao CSI HK Equities Internet ETF

KraneShares 2x Long BABA Daily ETF

Guotai CSI Hong Kong Connect Internet ETF

Hwabao WP SSE STAR Chip ETF

Hwabao WP SZSE ChiNext Artificial Intelligence ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

CICC

Dongxing Securities Co., Ltd.

Cinda Securities

TENCENT

Tencent

BABA-W

Alibaba

VeriSilicon

Amlogic

Cambricon

Kingsoft Office

FULING POWER

HCIG Energy

JXGNCL

Guangxi Energy

Linyang Energy

HNMD

ZZEPC

JSNE

Datang Power

DATANG POWER

GDPD

MEITUAN

Hwabao WP HK Connect Hang Seng China (Hong Kong-listed) 30 ETF

Alphabet

Alphabet - C

BOCIC

INDUSTRIAL SECURITIES

中证农业

YNHC

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BABA-WR

Alibaba HK SDR 5to1

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

Explosive! The STAR Artificial Intelligence and STAR Chip sectors have surged in a reversal, the "dark side of light" has erupted, and Hwabao Fund's Electric Utilities ETF closed at a new high! Hong Kong's internet sector is brewing a turnaround

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159805

516190

517770

516620

512980

Yesterday, BILIBILI-W's stock price plummeted by 8.08%, closing at HKD 153.5. After gapping down from yesterday's close of HKD 167.0, it continued to weaken, hitting a low of HKD 151.5 during the session. The MACD daily line has established a bearish signal, with the momentum bars rapidly expanding downward, which typically indicates that the phase of decline is accelerating and bullish forces are fully retreating. The trading volume reached approximately HKD 1.716 billion, characteristic of a typical volume-driven sell-off, with panic selling clearly emerging. On the news front, Chinese concept stocks collectively faced a heavy setback. U.S. pre-market trading saw a broad decline in Chinese concept stocks, with BILIBILI's U.S. shares dropping about 3% and Alibaba plummeting by 4%. The global financial market experienced a "Black Friday," as inflation fears crushed the tech stock rally, with the U.S. 30-year Treasury yield breaking 5%, leading to a sharp decline in risk appetite. Alibaba's earnings report showed a 99% drop in net profit, raising concerns about the profitability quality of Chinese concept stocks across the entire sector

- On May 17, Bilibili-W's stock price fell sharply by 8.08%, closing at 153.5 HKD after opening lower at 167.0 HKD and hitting a low of 151.5 HKD during the day.  
- The MACD daily signals indicated a strengthening bearish trend, with trading volume reaching approximately 1.716 billion HKD, reflecting widespread panic selling amid a broader downturn in Chinese stocks.  
- Concerns about the earnings quality of Chinese companies were heightened after Alibaba reported a 99% drop in net profit, contributing to a significant decline in the tech sector and a sharp drop in risk appetite globally.

Technical Forecast

BILIBILI-W

Penghua CSI Media ETF

ChinaAMC CSI Cultural Entertainment Media ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Guotai CSI Movies Theme ETF

GF Fund CSI Media ETF

Bilibili

Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?

BABA

YINN

KWEB

EBIZ

AI-related product revenue reached about $1.322 billion in Q4, marking 11th straight quarters of triple-digit year-over-year growth, the company reported.

digitalcommerce360

Direxion FTSE China Bull 3X

Krne Csi China Internet

Global X E-commerce ETF

AI growth drives Alibaba Q4 revenue, even as international ecommerce segment struggles to break even

Alibaba Group Holding reported its first quarterly revenue for AI-related products, achieving triple-digit growth for the 11th consecutive quarter. AI revenue reached 8.97 billion yuan (US$1.32 billion), contributing to a 3% overall revenue increase to 243.4 billion yuan (US$35.3 billion). The cloud-computing unit saw a 38% year-on-year growth. Net income surged 105% to 25.5 billion yuan, while adjusted Ebita fell 84% to 5.1 billion yuan. The company announced a cash dividend of US$0.13 per share for the 2026 financial year, reflecting its strategy to enhance AI capabilities and capitalize on the token economy.

SCMP

SUNART RETAIL

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle

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512380

Alibaba says AI revenue is accelerating but gives an unclear picture on profit.

Guotai MSCI China A ESG General ETF

VanEck Retail ETF

Yinhua MSCI China A ETF

Tianhong CSI Computer Theme ETF

Global X Cloud Computing ETF

ProShares Online Retail

Amplify Online Retail ETF

SPDR S&P Retail ETF

Invesco Golden Dragon China

Alibaba’s big AI bet isn’t paying off yet and the stock is suffering

Alibaba Group Holding Ltd. reported Q4 2026 results with revenue of $35.28 billion, up 3% year-over-year, but adjusted earnings fell sharply to 9 cents per share, missing expectations. The decline in earnings was attributed to significant investments in AI and e-commerce expansion. The Cloud Intelligence Group saw a 38% revenue increase, driven by AI demand. Despite strong revenue growth, shares fell 3.06% to $130.66 in premarket trading as the company navigates its costly AI push and mixed financial performance.

benzinga_article

Alibaba Cloud Growth Explodes, But Earnings Evaporate In Costly AI Push

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Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results | BABA Stock News

StockTitan

Alibaba Group Announces March Quarter 2026 and Fiscal Year 2026 Results | BABA Stock News

Alibaba Group Holding Ltd. ADR (BABA) fell 1.97% to $137.30, marking its third consecutive day of losses, despite a positive trading session for the stock market. The ADR is currently 28.74% below its 52-week high of $192.67. In comparison, competitors had mixed results: Bed Bath & Beyond Inc. dropped 7.55%, while Rakuten Group Inc. and eBay Inc. saw slight increases. Trading volume was 9.8 million, below the 50-day average of 10.9 million.

- Alibaba Group Holding Ltd. ADR (BABA) fell 1.97% to $137.30 on a day when the NASDAQ Composite Index rose 0.10%.  
- The ADR has experienced three consecutive days of losses and is currently 28.74% below its 52-week high of $192.67.  
- Trading volume was 9.8 million, which is 1.1 million below its 50-day average volume of 10.9 million.

MarketWatch Automated

NASDAQ Composite Index

Dow Jones Industrial Average

Bed Bath & Beyond, Inc.

Lotte Group

eBay

BED BATH BEYOND INC C/WTS (TO PUR COM) 07/10/2026

Bed Bath & Beyond - CW26

Alibaba Group Holding Ltd. ADR Outperforms Competitors Despite Losses On The Day

G Sachs anticipates mixed 1Q results for major China internet stocks, including TENCENT and BABA-W, with key themes of steady revenue growth, increased AI capital expenditure, and margin pressure on profitability. The firm expects earnings growth to re-accelerate in 2Q and 2H, influenced by US hyperscalers. G Sachs maintains its top pick in "cloud computing and data centers," followed by "e-commerce and mobility," and "gaming and entertainment."

AASTOCKS News

iShares US Digital Infrastructure and Real Estate ETF

Global X Data Center & Dgtl Infrs ETF

iShares MSCI China

Goldman Sachs

GDS-SW

Vnet

Kingsoft Cloud

KINGSOFT CLOUD

GS Hldg R

G Sachs Expects Mixed 1Q Results for Major China Internet Stocks; Maintains Cloud Computing & Data Centers as Top Pick

STECH

00HSI

TCTZF

09992

01109

00960

00688

At midday close, the HSI fell 290 points (1.1%) to 26,335, while the HSTI dropped 55 points (1.1%) to 5,065. Notable movements included POP MART rising over 5%, and CHINA RES LAND, CHINA OVERSEAS, FIH, and PCCW reaching new highs. Active stocks included TENCENT down 1.6% and BABA down 1.5%. Other significant declines were seen in SMIC and JD HEALTH, while LONGFOR and BIDU-SW experienced gains. Short selling data indicated significant activity across various stocks.

- As of midday close, the Hang Seng Index (HSI) fell by 290 points or 1.1% to 26,335, while the Hang Seng Technology Index (HSTI) dropped 55 points or 1.1% to 5,065.  
- Key movers included Tencent, which decreased by 1.6%, and Pop Mart, which increased by 5.1%.  
- The article highlights significant short selling activity across various stocks, with some displaying notable gains while others suffered losses.

Hang Seng TECH Index

Hang Seng Index

POP MART

CHINA RES LAND

LONGFOR GROUP

CHINA OVERSEAS

PCCW

Hang Seng China Enterprises Index

XIAOMI-W

SMIC

JD HEALTH

HANG LUNG PPT

JD LOGISTICS

CMOC

BIDU-SW

HANSOH PHARMA

ZTO EXPRESS-W

XINYI GLASS

WUXI APPTEC

160 HEALTH

TRANSTHERA-B

MEITU

POP MART HK SDR 20to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

SMIC HK SDR 5to1

JD HEALTH-R

BIDU-SWR

Baidu

ZTO Express

WuXi AppTec

HSI Down 290 pts; HSTI Down 55 pts; POP MART Up over 5%; CHINA RES LAND, CHINA OVERSEAS, FIH, PCCW Hit New Highs

E Fund CSI HK Connect Internet ETF(513040.SH)

Explosive! The STAR Artificial Intelligence and STAR Chip sectors have surged in a reversal, the "dark side of light" has erupted, and Hwabao Fund's Electric Utilities ETF closed at a new high! Hong Kong's internet sector is brewing a turnaround

Pre-market trend | BILIBILI-W (9626.HK) experienced a significant drop on May 15, breaking through key levels, is the short interest accelerating under the cold wave for Chinese concept stocks?

AI growth drives Alibaba Q4 revenue, even as international ecommerce segment struggles to break even

Alibaba AI revenue sees triple-digit-gain streak hit 11 quarters amid reshuffle

Alibaba’s big AI bet isn’t paying off yet and the stock is suffering