HSALIBA@EC2601A.C (14846) News

Capital Flows | Northbound investors sold Tencent shares worth over HKD 760 million, while Xiaomi recorded net buying for the seventh consecutive day!

Track the latest developments of southbound capital flows.

Gelonghui FinanceDec 8 20:02

Alibaba-W (09988.HK): Cloud business revenue exceeds expectations, with CMR maintaining robust growth.

Event: Alibaba announced its FY26Q2 financial results. The company achieved revenue of RMB 247.795 billion in FY26Q2, representing a year-on-year increase of 4.77%; adjusted EBITA reached RMB 9.073 billion, reflecting a year-on-year decrease of 77%.

Great Wall SecuritiesDec 8 19:57

Zhitong HK Stock Connect Active Trading | December 8

Active Trading via Stock Connect | December 8, 2025

Zhitong FinanceDec 8 19:00

Xiaomi Group saw a net inflow of HKD 1.173 billion through the Shanghai-Hong Kong Stock Connect.

Southbound capital net inflows were recorded in Xiaomi Group (01810.HK), SMIC (00981.HK), and Pop Mart (09992.HK), amounting to HKD 1.173 billion, HKD 467 million, and HKD 432 million respectively.

AASTOCKSDec 8 18:25

Express News | Southbound funds recorded a net inflow of RMB 1.54 billion today. In the Shanghai-Hong Kong Stock Connect, SMIC and Alibaba-W garnered net purchases of HKD 6.66 billion and HKD 4.12 billion, respectively, while Hua Hong Semiconductor led in net selling wi

BreakingsDec 8 17:40

Goldman Sachs has upgraded the cloud and data center sectors to its top picks within China's internet industry, expressing optimism about Alibaba (09988.HK) and GDS Holdings (09698.HK), among others.

Goldman Sachs issued a report promoting the cloud and data center sub-sector to its top pick, driven by expectations that AI training and inference demands will continue to fuel AI growth momentum. Additionally, the multi-chip strategies adopted by hyperscale cloud service providers, coupled with positive outlooks for data center order volumes, spending expansion, and capital cycles, contributed to this decision.

AASTOCKSDec 8 17:25

CMB International Securities: Optimistic about Alibaba-W (09988) AI cloud business, maintains target price at HKD 198.

The bank continues to maintain the group as its top pick in China's internet sector, maintaining a positive outlook on its AI leadership, accelerating cloud business, and robust core commerce prospects.

Zhitong FinanceDec 8 11:41 · Ratings

The State Taxation Administration: Platforms are strictly prohibited from shifting tax-related obligations to various "gig workers" and increasing their burden.

Lian Qifeng, Director of the Tax Administration and Technology Development Department of the State Taxation Administration, stated that in June this year, the State Council announced the 'Regulations on the Submission of Tax-related Information by Internet Platform Enterprises.' To date, more than 7,000 domestic and overseas platform enterprises have actively fulfilled their obligations to submit tax-related information. The regulations strictly prohibit platform enterprises from shifting tax-related obligations to various personnel such as delivery workers, thereby increasing their burden. Lian Qifeng noted that after the implementation of the regulations, individuals engaged in convenient labor activities such as delivery, transportation, and housekeeping within the platforms are no longer required to report their income information. Platforms must not impose additional fees during the withholding and remittance of taxes or use this as a means to shift tax-related obligations, adding to the burden on these

AASTOCKSDec 8 11:37

Morgan Stanley predicts that competition in the food delivery sector peaked in the third quarter, while in e-commerce, it favors Alibaba (BABA.US) and PDD Holdings (PDD.US).

Morgan Stanley's research report pointed out that following the recent introduction of the 'Basic Requirements for Food Delivery Platform Services' by the State Administration for Market Regulation, competition in food delivery is expected to peak in the third quarter. Both Alibaba (BABA.US) and Meituan-W (03690.HK) have committed to ensuring rational competition within the industry. In the e-commerce sector, Morgan Stanley’s preference ranking is Alibaba (the best AI enabler in China) > PDD Holdings (PDD.US) > Meituan > JD.com (JD.US). Morgan Stanley noted that this move follows a July meeting held by the State Administration for Market Regulation on ‘anti-internal competition’ with platform companies, further reinforcing its view that competition...

AASTOCKSDec 8 11:06

[In-Depth Industry Research] Why Have Alibaba and Geely Become the "Cradles of Talent" for Two Major Industries?

Many executives in the Internet and new energy vehicle industries are reported to have come from just two enterprises? Currently, the two hottest sectors are the Internet and automotive industries. Data from the Ministry of Industry and Information Technology (MIIT) shows that in 2024, the overall market size of China's Internet industry reached 18.7 trillion yuan, a year-on-year increase of 9.3%, surpassing the nominal growth rate of GDP during the same period. According to data from BCC Research, the scale of the automotive industry in 2024 reached 15.3 trillion yuan, with growth rates higher than the GDP growth rate for the same period. The combined total market size of these two industries amounted to 34 trillion yuan, accounting for 25.2% of the country’s GDP during the same period. Additionally, the Internet industry employs approximately 16 million people.

businesstimes cnDec 8 08:46

Express News | CSC Financial: The continuous development of large AI models and applications reinforces our recommendation for the AI computing power sector.

BreakingsDec 8 08:28

Upstream investors are piling in, while end-users await a catalyst: The AI glasses market, amidst a 'hundred-lens battle,' lacks a definitive 'blockbuster' product.

① Core component manufacturers such as MicroLED and optical waveguides have become the new focus of pursuit. ② On the eve of the industry's boom, compared to betting on the success of a single brand, opportunities for upstream core component manufacturers are more certain.

cls.cnDec 7 15:34

Ele.me CEO Fan Yu's internal letter: Taobao Flash Purchase fully reflects Alibaba's strategic determination and capability in the 'large consumer platform.'

Gelonghui December 7 | According to Sina, Fan Yu, partner of Alibaba Group, chairman and CEO of Ele.me, stated in an internal letter: “The multifaceted forces of the entire Alibaba family have converged as never before, united as one, to implement a strong and seamless cross-organizational collaboration.” He also noted that the emergence of Taobao Flash Purchase and its reshaping of the market landscape fully reflect Alibaba Group’s strategic determination and capability regarding the 'large consumer platform.' 'Over the past 18 years, Ele.me has grown from humble beginnings, step by step building a life service system that covers hundreds of millions of users, connects millions of merchants, and supports tens of millions of families.' Fan

Gelonghui FinanceDec 7 11:08

The Second Wave of DeepSeek Impact: V3.2 Reshapes China's Cloud and Chip Ecosystems

The release of DeepSeekV3.2 marks the official entry of China's AI market into the 'second wave of impact' phase. On December 6, according to HardAI News, JPMorgan stated in a research report that this is not merely a model iteration but a structural revolution targeting inference costs and hardware ecosystems. Through architectural innovation, DeepSeek has further reduced API prices by 30-70%, slashing long-context inference costs by 6 to 10 times. The report emphasized that, more crucially, V3.2-Exp achieved 'Day-0' support for non-CUDA ecosystems (Huawei Ascend, Cambricon, Hygon) on its first day.

wallstreetcnDec 6 15:29

HK Stock Market Barometer | HSI Breaks Above 26,000 Points on Increased Volume; Market Sentiment Improves and Profit Opportunities Expand

① The Hang Seng Index surged above the 26,000-point mark on increased trading volume; what positive changes are occurring in terms of capital inflows? ② Market sentiment has improved, and the effect of generating profits is spreading. Which hotspots are currently leading the market trend?

cls.cnDec 5 21:17

Capital Flows | Northbound funds aggressively bought Xiaomi, exceeding HKD 3 billion, while SMIC faced continuous selling for 12 days!

Track the latest developments of southbound capital flows.

Gelonghui FinanceDec 5 18:53

AliExpress and Specialized Partner With Law Enforcement in Largest Counterfeit Bust in Brand's History

PR NewswireDec 5 18:50

Xiaomi Group saw a net inflow of HKD 3.013 billion through the Shanghai-Hong Kong Stock Connect.

Southbound capital flow recorded net inflows for Xiaomi Group (01810.HK) and Meituan (03690.HK), amounting to HKD 3.013 billion and HKD 607 million, respectively. Conversely, Southbound capital flow registered net outflows for Alibaba (09988.HK), Tencent (00700.HK), and SMIC (00981.HK), reaching HKD 1.776 billion, HKD 1.445 billion, and HKD 119 million, respectively. The Shanghai-Hong Kong Stock Connect saw the highest net inflow of active shares directed towards ICBC (01398.HK) at HKD 287 million, while Tencent (00700.HK) experienced the highest net outflow of active shares at HKD 889 million.

AASTOCKSDec 5 18:25

Express News | Insider: Ele.me's brand update will not affect organizational structure.

BreakingsDec 5 18:06

Express News | Minister of Commerce Wang Wentao: Promote the consumption of large durable goods and advance 'Artificial Intelligence + Consumption.'

BreakingsDec 5 18:04