Zhitong Stock Connect Active Trades | August 19
Active Trading in Stock Connect (Hong Kong) | August 19, 2026
Express News | Wall Street Benchmarks 8 Leading Global AI Agents: Alibaba Qwen Office Ranks First, Surpassing Claude Cowork and Codex
In Ulanqab, 89 data centers are competing with sheep for water resources.
Gelong Hui, August 19 – According to Sing Tao Daily, Ulanqab in Inner Mongolia boasts a vast territory and abundant wind and solar energy resources. Its low-cost green electricity has become a core competitive advantage, attracting 89 data centers to establish operations there. From 2020 to 2025, Ulanqab’s GDP surged by 53%, reaching RMB 126.03 billion. Electricity costs account for 60% to 70% of the operating expenses of computing power centers; for computing capacity of the same scale, Ulanqab’s electricity costs are 30% to 40% lower than those in eastern coastal provinces. Wang Chaoyang, General Manager of Alibaba Cloud’s Global Data Center Business, stated that a hyperscale data center with a total power capacity of 1 gigawatt has been established in Ulanqab, with annual electricity...
Alibaba Group Holding Stock Slips 2.0% in Hong Kong
BOCI: Accelerating domestic CSP capex and rising large model prices further validate the boom in domestic computing power.
Price hikes for large language models and increased capital expenditure by cloud service providers have become the core engines driving the sustained growth of domestic computing power. The bank believes that the domestic computing power supply chain has entered a phase characterized by high certainty and the realization of strong growth.
Managing a flock of over 10,000 sheep with AI-powered coding
Using Alibaba's Qoder, Zhang Lifei developed a livestock management system in just over three months, incorporating national standards, academic research, and frontline operational experience into the software. The system is still undergoing iteration, with cumulative usage costs amounting to tens of thousands of yuan, thereby bringing customized software within the affordable range for this small and medium-sized enterprise for the first time.
China has reportedly eased import restrictions on Nvidia’s (NVDA.US) H200 chips.
Citing sources, the UK's Financial Times reported that Nvidia’s (NVDA.US) H200 chips have been approved for export to China. ByteDance and Tencent (00700.HK) each received approximately 10,000 H200 chips in recent weeks, while other Chinese technology companies may soon obtain similar quantities. It is understood that although the United States has approved Chinese enterprises to purchase up to 100,000 H200 chips each, China hopes that companies will keep the majority of these H200 chips outside of China to support the development of domestic chip manufacturers. Chinese regulators have notified enterprises that, except for a small number of H200 chips
South Korean AI startup claims its new model rivals Alibaba's Qwen 3.7 Max
Gelonghui, August 19 | Junghwan Lim, CEO of South Korean AI startup Motif Technologies, stated that the company developed its latest large language model, Motif 3, leveraging $25 million worth of government-backed NVIDIA B200 GPUs. Motif 3 scored 47 on the Artificial Analysis Intelligence Index, a result significantly above the average for comparable models and on par with Alibaba's Qwen 3.7.
HK Stock Market Midday Review | Major indices showed mixed performance, with the Hang Seng TECH Index down 0.82%; tech internet stocks diverged, with Xiaomi rising nearly 7% post-earnings while Baidu plunged nearly 12%; semiconductor stocks weakened, with
Most internet and technology stocks rose, with Baidu Group-SW falling 11.77% and Xiaomi Group-W gaining 6.95%; sports apparel stocks generally advanced, with Anta Sports up 3.40% and 361 Degrees up 2.19%; most lithium battery stocks declined, with Ganfeng Lithium dropping 3.08% and CATL falling 2.92%;
[New Shares] Alibaba, JD.com, and others reportedly back robot maker LimX Dynamics in confidential Hong Kong IPO application
Bloomberg, citing sources, reported that LimX Dynamics, a robotics manufacturer in which Alibaba-W (09988.HK) has invested, has secretly applied for a listing in Hong Kong to raise hundreds of millions of U.S. dollars and is currently negotiating IPO matters with CITIC Securities. LimX Dynamics is an embodied AI robot OEM focused on the R&D, manufacturing, and commercialization of general-purpose robots, with products including the fully autonomous humanoid robots Oli and Luna, as well as the modular TRON series. The company's investors include Alibaba-W (09988.HK), JD.com (09618.HK), and IDG Capital.
Market Chatter: Ant Group to Receive $309 Million From Paytm Stake Sale
[Commodities] Hong Kong Gold Exchange and Jinliantong Technology Establish Joint Venture to Operate HKGE Trading System, Targeting Trial Run in Q1 Next Year
The Hong Kong Gold Exchange (HKGX) and Jinliantong Technology Co., Ltd. (TGX) have jointly established HKGXTS Limited to operate the HKGX trading system. With core technical support provided by Hundsun Technologies and Alibaba Cloud, the company aims to build a secure, stable, and efficient technological platform for gold trading and clearing, thereby advancing the development of Hong Kong as an international gold trading hub. Zhang Dexi, Chairman of HKGXTS, stated that the new system is targeted for trial operation in the first quarter of 2027. The initial phase will integrate HKGX’s existing products, trading, settlement, and clearing services into a unified platform, followed by the introduction of gold tokenization and related services to realize the vision of "gold
Alipay Debuts AI Agent Platform for Retailers
CITIC Securities: DPUs drive networking and storage management; both volume and price rise in the AI era
The DPU handles infrastructure tasks such as server networking and storage management, and is widely used in eight-GPU servers, super-node servers, high-performance general-purpose computing servers, and storage servers.
Express News | Compiled by Jinshi Data: Daily Tech News Briefing (August 19)
Convertible Bonds Are the New AI Bet. The High Returns Hide Bigger Risks. -- Barrons.com
Sector Update: Tech Stocks Fall in Afternoon Trading
Market Chatter: Alibaba to Sell Lingxi Games for at Least $1.5 Billion
Capital Flows | Southbound capital surges into HK stocks with HK$14 billion in buying, adding to SMIC positions for six consecutive days
Track the latest developments of southbound capital flows
Express News | Shengshu Technology, an AI video platform backed by Alibaba, is reportedly considering a listing in Hong Kong.