Express News | Prenetics Completes $70 Million Insighta Sale to Tencent, Bolstering Balance Sheet to $171.1 Million in Total Adjusted Liquidity
Exclusive | The Dark Side of the Moon secures over $700 million in new funding, co-led by Alibaba and Tencent, with valuation doubling to exceed $10 billion in two months.
①The latest valuation of Kimi has doubled, surpassing the US$10 billion mark, with cumulative funding from two consecutive rounds exceeding US$1.2 billion, setting a record for the highest financing amount in the large model industry in nearly a year; ②During the Spring Festival of 2026, MoonDarkSide will officially launch the Kimi Claw function.
Alibaba and Tencent Double Down! Kimi's Valuation Surpasses $10 Billion, AI Competition Enters New Phase
In the letter, Yang Zhirui noted: 'Compared to the secondary market, we believe that we can still raise substantial amounts from the primary market. In fact, our B/C round financing amounts exceeded the vast majority of IPO proceeds and private placements by listed companies. Therefore, we are not in a rush to go public in the short term, nor is going public our goal.'
Express News | Li Liang from Douyin Group: The hype that 'ByteDance is the largest short seller of Hang Seng Tech Index' is absurd and malicious.
Move Over, Super Bowl: AI Giants Turn China's Lunar New Year Into a Giveaway Blitz -- WSJ
“DouBao’s witty repartee” steals the show at the AI Spring Festival Gala, marking a new peak; major tech companies kick off the year's first battle for market dominance.
The AI competition during the Spring Festival may be just one of the 'battles' among major tech companies this year, with the race for dominance in the AI application sector expected to accelerate continuously throughout the year.
AM Markets Need to Know: China Summons Tech Giants, U.S. Stock Valuations Pricier, and More
Buy 2 Vanguard Index Funds to Beat the S&P 500 in the Next Decade, According to Wall Street Analysts
From Baijiu to Artificial Intelligence: The Evolution of Industries Behind Spring Festival Gala Marketing
①This year's Spring Festival Gala has officially announced over 20 partner companies. By category, technology sector enterprises from internet, artificial intelligence robotics, and smart mobility have become the dominant players. ②From early liquor and home appliances to the current wave of internet and artificial intelligence, the evolution of the gala’s partner brands vividly outlines the profound transformation of China's consumer market and industrial structure.
Hong Kong stocks closed for the Year of the Snake! The three major indices opened lower but finished higher, with the Hang Seng Index gaining 0.52%. Multiple AI concept stocks hit new highs since their listing.
Gelonghui, February 16 | On the last trading day of the Year of the Snake, Hong Kong's three major indexes opened lower but closed higher today. The Hang Seng Index (HSI) rose by 0.52% to close at 26,705.94 points, the Hang Seng China Enterprises Index (HSCEI) increased by 0.42% to 9,070.32 points, and the Hang Seng Tech Index climbed by 0.13% to 5,367.52 points. AI-related concept stocks surged significantly, with Zhipu rising by 4.74%, MINIMAX-WP skyrocketing by 24.56%, and HaiZhi Technology Group surging by 29.59%, all hitting new highs since their listings. Laopu Gold and Luoyang Molybdenum Co., Ltd. both rose over 6%, while CATL gained more than 2%. The Hang Seng Index Company recently announced the latest quarterly review results, and the above three stocks were included as components of the HSI.
Express News | Tencent Yuanbao announced: 100 additional 'Xiaoma Cards' worth 10,000 yuan to be released on New Year's Eve.
WeChat now allows users to post golden-colored Moments.
①On February 16, Zhang Jun from Tencent published an article introducing how to create a golden-themed social media post. By using the Yuanbao App to design a 'New Year greeting post' and publish it, the feature can be activated. ②Tencent’s official WeChat account released detailed instructions on the same day: update both WeChat and Yuanbao to their latest versions, generate the same New Year poster in the Yuanbao App, then click 'Post New Year Greeting' to redirect to WeChat.
Zhitong HK Stock Connect Shareholding Analysis | February 16
Analysis of Stock Connect Holdings | February 13, 2026
The Financial Supervisory Authority summoned six travel platforms, including Ctrip (09961.HK) and Gaode, to request the standardization of marketing practices.
The National Financial Regulatory Authority recently joined forces with the State Administration for Market Regulation and the People's Bank of China to hold discussions with six travel platform companies, including Ctrip (09961.HK), AutoNavi Maps, Tongcheng Travel (00780.HK), Fliggy Travel, Air Travel Vertical, and Qunar Travel. These discussions addressed issues related to their lending operations in collaboration with financial institutions. The regulators required these companies to standardize their marketing practices by avoiding misleading promotional language. They were also instructed to clearly disclose the names of lending institutions and information about credit products, explicitly reminding borrowers to borrow responsibly. Additionally, they must ensure smooth channels for customer complaints, respond promptly, and resolve consumer disputes appropriately to enhance service quality.
The State Administration for Market Regulation held discussions with seven platform enterprises, including Alibaba and Tencent, to eliminate 'internally competitive' practices.
The State Administration for Market Regulation (SAMR) summoned platform enterprises including Alibaba-W (09988.HK), Douyin, Baidu-SW (09888.HK), Tencent (00700.HK), JD.com-SW (09618.HK), Meituan-W (03690.HK), and Taobao Flash Sales, urging them to strictly comply with legal requirements such as the Anti-Unfair Competition Law, the Price Law, the Consumer Rights Protection Law, and the E-Commerce Law. The companies were asked to proactively fulfill their responsibilities as main entities and further standardize promotional activities on their platforms. SAMR reminded these platform enterprises to eliminate all forms of 'internally competitive' practices.
Hong Kong Stock Market Morning Report | State Administration for Market Regulation Summons Seven Platform Companies; Qunhe Technology's Hong Kong IPO Receives CSRC Filing
①The State Administration for Market Regulation held talks with seven platform enterprises, becoming a focal point of attention. ②Wu Jia, President of Alibaba's Qwen, stated that the investment in the Spring Festival Grand Giveaway far exceeded 3 billion yuan. ③Berkshire Hathaway’s 13F filing is about to be disclosed; what moves will Buffett make in his final quarter? ④GroupCore Technology’s IPO in Hong Kong has received approval from the CSRC and may become the first stock among the 'Hangzhou Six Dragons.'
Chinese New Year: Macau Bets and New AI Models Launch the Year of the Horse
Chinese AI Winners: Comparing Tencent and Alibaba
AI Meets Strongest Spring Festival Box Office: Is Token Inflation Inevitable?
①From the previous 'few seconds of chatting' with large text models to the current 'few seconds of watching' with large video models, the scale of computational power consumption is rapidly expanding. ②Between 2025 and 2030, analysts predict that China's AI inference Token consumption will increase by approximately 370 times. ③The 'inflation' in Token demand not only benefits cloud computing power but also grants model vendors greater bargaining power.
Why is the maximum amount for red packets set at 200 yuan? WeChat responded: Happiness is the most important thing, and users should not feel psychological pressure or cost.
Gelonghui February 14 | According to Nandu, the official WeChat account 'WeChat Dispatch' published an article titled 'Guide to Snatching WeChat Red Envelopes During the Spring Festival,' inviting Feige, the product manager of WeChat Pay, to discuss issues related to WeChat red envelopes. Why can a WeChat red envelope contain a maximum of only 200 yuan? Feige, the product manager of WeChat Pay, stated that we hope (snatching red envelopes) is just a game where everyone's enjoyment is the most important thing, and it should not bring psychological pressure or cost to users sending red envelopes. A single red envelope with a maximum value of 200 yuan is, in our perception, already sufficient to express goodwill without being so large as to make others feel overly pressured.