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HSALIBA@EC2612B.C (28128) News
Express News | The first batch of inclusive computing power services to empower SME development was released.
During the 2026 China Computing Power Conference, the first batch of inclusive computing power services to empower SME development was released. The list covers a multi-tiered matrix of inclusive computing power services, including general-purpose computing, intelligent computing, large model services, and industry-specific agent applications. It offers flexible payment models such as containerized leasing and pay-as-you-go billing, promoting the inclusive sharing of computing resources. Representatives from the China Academy of Information and Communications Technology (CAICT), China Telecom, China Mobile, China Unicom, China Broadcasting Network, Alibaba Cloud, ZTE Corporation, Runze Technology, SenseTime, CICC Data, and Wuxiang Xinqiong attended the launch ceremony. Editor's Note: In April this year, the Ministry of Industry and Information Technology issued the "Notice on Launching Special Actions for Inclusive Computing Power to Empower SME Development," proposing that by the end of 2028, an inclusive computing power service system with broad coverage, low cost, high-quality service, vibrant ecosystem, and strong talent support will be basically established, covering no fewer than 10 of the 15 industry categories applicable to the SME classification standards.
Fake apps can forge transfer screenshots worth hundreds of millions for just 1.8 yuan; Alipay responds
Gelonghui, September 12 — According to the Alipay Security Center, recent reports from users have circulated highly realistic-looking screenshots of the Alipay app, drawing widespread attention. In
China's AI Value Chain: Sustainable AI Investment Drives Better ROI; Overweight Alibaba, Kingdee International, GDS Holdings
Main pointsThe global generative AI market is at a turning point, with token‑based economic models set to drive sustainable profitability and return on investment. Nomura believes that, as AI
Zhitong Stock Connect Active Trades | September 11
Active Trading in Stock Connect (Hong Kong) | September 11, 2026
Major Brokerage CLSA: GPT-6 Astra Marks a New Frontier in AI, Reinforcing Scale Advantages in Computing Power and Accelerating the Path Toward Artificial Superintelligence
In a research report, CLSA stated that OpenAI’s GPT-6 Astra marks a new phase for frontier artificial intelligence, demonstrating leading capabilities in computer use, scientific research, and professional work. The bank believes that beyond improvements in benchmarks, the shortening of model iteration cycles has heightened the importance of product experience and brand premium. Meanwhile, rising demand for training compute has reinforced the scale advantages of leading frontier laboratories. CLSA expects these trends to expand the addressable market for AI and accelerate the development of more autonomous research systems, ultimately leading to Artificial Superintelligence (ASI). The bank noted that GPT-6
Alipay's "Tap to Pay" launches borderless operations
Sina Technology News, September 19 afternoon update: Alipay’s “Tap to Pay” has officially launched "Tutu," an intelligent agent for borderless operations targeting brand owners. Leveraging a network of millions of merchant-side “Tap to Pay” smart devices, it connects 400 million consumers with millions of retail stores. Following the upgrade, the "Xiaoyu" intelligent agent serves retail stores, helping merchants understand operational status and execute business actions; the "Tutu" intelligent agent serves brand owners, assisting brands in identifying high-potential stores, designing promotional campaigns, and evaluating sales performance. Both agents are integrated into the offline operational network of “Tap to Pay.” Alipay’s “Tap to Pay,” built on its offline AI-driven operational network, has released the "Borderless Operations Intelligence"...
JPMorgan: Profit margins in mainland China's e-commerce sector are undergoing a structural shift; top picks are Alibaba (09988.HK) and JD.com (09618.HK)
JPMorgan issued a report stating that the three engines driving the growth of mainland China's e-commerce platforms over the past 15 years—namely, competition for market share, demand concentration during shopping festivals, and subsidies (initially funded by platforms and later by the state)—are simultaneously weakening between April 2025 and June 2026. The bank noted that the rate of market share loss for traditional platforms has slowed to approximately 1 percentage point per year, down from 3 to 5 percentage points between 2021 and 2023. Gross Merchandise Value (GMV) growth on e-commerce platforms during the “618” shopping festival declined to around 1%, even though the promotional period was extended to 37 days. The Code of Conduct on Pricing has restricted platforms’ use of subsidies and festive promotional tools, while the national trade-in program has also
Jefferies: DeepSeek-V4.1-Flash offers high cost-effectiveness and superior intelligent performance, intensifying competition among AI models
Jefferies published a research report stating that DeepSeek has released DeepSeek-V4.1-Flash, featuring several breakthroughs. The model boasts a total of 552 billion parameters (with 8 billion active input parameters and 16 billion active output parameters), adopts a new Causal Encoder-Decoder (CED) architecture, and incorporates a novel pre-training approach complemented by large-scale post-training, positioning it as a high cost-performance model. In third-party Agentic Benchmark evaluations, it outperformed Moonshot AI's Kimi-K3 and Zhipu AI's (02513.HK) GLM-5.3,
Alibaba Cloud Token Plan Personal Edition Upgrade: Adds 12 New Agent Harness Tools with No Price Increase
[TechWeb] September 11 news: Alibaba Cloud has upgraded its Token Plan Personal Edition. The existing pricing and credit limits remain unchanged, while the Standard and Pro tiers now include entitlements and usage quotas for the Agent Harness tool. This covers 12 common capabilities for agent development, including search, web parsing, image generation, speech processing, and code execution. These tools are made available via the MCP standard protocol and can be directly integrated into proprietary agent applications without the need for separate purchases. The Token Plan Personal Edition is primarily targeted at individual developers and small and medium-sized enterprises.
Express News | Alipay to launch AI Wallet Agent
At the Bund Summit, Alipay announced the launch of its AI Wallet Agent, introducing three core "AI Payment Collection" capabilities—VibePay, SkillPay, and MachinePay—as well as new scenarios such as AI Subscription Purchases, AI-Assisted Flash Sales, and AI-Assisted Bookings.
Hong Kong Stocks Midday Review | Three major indices fell in tandem, with the Hang Seng Index and the Hang Seng Tech Index dropping nearly 1%; non-ferrous metal stocks declined, with Jiangxi Copper falling nearly 11% and Zijin Mining dropping over 7%; tec
Technology and internet stocks declined, with Bilibili-W down 1.81% and Xiaomi Group-W up 1.23%; most gold stocks fell, with Zijin Mining dropping 7.55% and Shandong Gold declining 4.53%; property developer stocks were broadly lower, with Sun Hung Kai Properties down 7.88% and Sunac China down 5.22%;
Shenwan Hongyuan: Profit recovery amid subsidy phase-out; AI accelerates commercialization to create new growth engines
The focus of competition among cross-border platforms is shifting further from low-price traffic acquisition to supply chain resilience, fulfillment efficiency, profitability quality, and intelligent operational capabilities.
DHL Group, Alibaba.com to Explore Use of AI-powered Tools in International Trade
Deutsche Post (DHL.F), d/b/a DHL Group, said Thursday it entered into a memorandum of understanding with e-commerce company Alibaba.com to explore various ways artificial intelligence can be used in
Changxin (688825.SH) achieved an EBIT margin of 82% in the second quarter, leading globally and surpassing competitors such as Micron, SanDisk, and SK Hynix.
Quick FactSet and company disclosure data show that Changxin Technology (688825.SH) achieved an EBIT margin of 82% in the second quarter, outperforming global rivals including Micron (MU.US), SanDisk (SNDK.US), SK Hynix (SKHY.US), Samsung Electronics, and Kioxia (285A.JP). Changxin Technology produces DRAM for various devices ranging from smartphones to data centers, with clients including Chinese tech giants such as Alibaba-W (09988.HK), ByteDance, and Tencent (00700.HK). Although Changxin Memory’s profit
[Major Banks] Morgan Stanley Maintains 'Overweight' Rating on Meituan (03690.HK); In-Store and Other Businesses Show Signs of Recovery
Morgan Stanley issued a report projecting that Meituan’s (03690.HK) online-to-offline (O2O) in-store services gross transaction value (GTV) will reach RMB 2.8 trillion by 2030, representing a compound annual growth rate (CAGR) of 18% from 2025 to 2030. GTV for other in-store services is expected to hit RMB 1.9 trillion, with a CAGR of 25%, while the food and beverage segment is projected to reach approximately RMB 1 trillion, growing at 8%. The bank noted that the recent pullback in Meituan’s (03690.HK) share price offers an attractive entry point. Previously, market expectations assumed an overly optimistic linear recovery in the unit economics of food delivery and a normalization of competition in in-store services; however, the recent share price correction reflects a more reasonable recovery trajectory.
U.S. Gas Prices Hit Record Highs | Rewire Morning News Briefing
Diesel prices hit $9.999 per gallon, reaching the physical upper limit of traditional four-digit gas pump displays.
The Ministry of Industry and Information Technology has deployed the "AI + Software" initiative, aiming to extend its application to 20,000 software enterprises by 2028.
The Ministry of Industry and Information Technology (MIIT) issued the "Implementation Plan for the Special Action on 'AI + Software'," stating that by 2028, the level of intelligence in the software and information technology services industry will be significantly enhanced. The plan aims to cultivate a batch of high-level intelligent programming tools and intelligent development platforms, promote applications covering more than 20,000 software enterprises above designated size, achieve significant results in the intelligent upgrading of key software, cumulatively organize and implement 100 intelligent technological transformation projects for software enterprises, accelerate the emergence of new software forms represented by agent-based software, create 100 benchmark applications of agent-based software in key industries, and drive the leap of information technology services toward intelligence and value creation, forming a number of deep industry applications.
OpenAI is reportedly considering collaborations with other AI companies to slow the pace of frontier AI development.
Bloomberg, citing sources, reported that OpenAI is considering slowing down the development of frontier artificial intelligence, with CEO Sam Altman hoping other AI companies will adopt similar measures. In recent weeks, employees at several leading AI firms have publicly expressed concerns about the rising risks associated with advanced AI systems. In late July, more than 1,000 employees from major AI companies signed a petition calling for the establishment of mechanisms to slow the pace of AI development. According to reports, Altman told employees during an all-hands meeting this week that OpenAI might decelerate its AI development efforts, potentially in coordination with other
Express News | MIIT and eight other departments: Achieve large-scale application of vehicles with autonomous driving capabilities by 2030
The Ministry of Industry and Information Technology (MIIT) and eight other departments have issued the "15th Five-Year Plan for the Development of the Intelligent Connected New Energy Vehicle Industry." The plan proposes that by 2030, China will further consolidate its advantages across the entire industrial chain of intelligent connected new energy vehicles, joining the ranks of global automotive powers. The market share of new energy passenger vehicles and commercial vehicles in domestic new car sales within their respective segments will reach 70% and 40%, respectively, and vehicles with autonomous driving capabilities will achieve large-scale application. (MIIT)
OpenAI launches new ChatGPT tool targeting entry-level investment banking roles on Wall Street
OpenAI has launched a new version of ChatGPT tailored for the financial services industry, designed to handle some of Wall Street’s most labor-intensive tasks, including company research, financial data analysis, and the generation of presentation materials relied upon by investment banks. The product, named “ChatGPT for Financial Services,” was released on Thursday (the 10th) as a customized version of its enterprise offering, ChatGPT Work. Nick Turley, Vice President of Product at OpenAI, stated that the product was developed in partnership with firms such as Morgan Stanley (MS.US) and Evercore.