CIALIBA@EP2611A.P (28938) News

Reuters: Alibaba plans to charge large commercial users of its next-generation open-source AI large language model a revenue share.

Reuters reported that Alibaba plans to introduce a revenue-sharing mechanism for its open-source models next week—a move that has never been previously disclosed. Until now, Alibaba has only charged developers who invoke its models on its own cloud computing platform; most open-source models allow customers to deploy them in their own data centers and use them entirely free of charge.

Futu News09:19

Chart Preview | Earnings Season Begins for Chinese Tech Stocks! Tencent and JD.com Report First, Facing Dual Challenges of AI and Profitability

In August, with earnings releases from major tech and internet giants such as Tencent, JD.com, Alibaba, and Meituan, market focus on China’s internet leaders has shifted from whether they would continue facing headwinds to whether they could further validate a recovery in profitability. Institutions expect further divergence in performance among large internet platforms, with AI revenue growth, profit margins, and capital expenditures emerging as key focal points.

Futu News18:10

Zhitong Stock Connect Active Trading | August 7

Stock Connect Active Trading | August 7, 2026

Zhitong Finance58minutes ago

Mainland-Hong Kong Stock Connect recorded a net inflow of HK$2.226 billion into MINIMAX-W.

Southbound capital recorded net inflows into MINIMAX-W (00100.HK), Kingboard Laminates (01888.HK), and GigaDevice (03986.HK), amounting to HK$2.226 billion, HK$634 million, and HK$429 million, respectively. Net outflows were observed from Tencent (00700.HK), Alibaba (09988.HK), and Yangtze Optical Fibre and Cable (YOFC) (06869.HK), totaling HK$2.188 billion, HK$1.684 billion, and HK$359.2 million, respectively. The most active stock by net inflow under Shanghai-Hong Kong Stock Connect was MINIMAX-W (00100.

AASTOCKS18:25

Press Release: Alibaba Group Will Announce June Quarter 2026 Results on August 20, 2026

Dow Jones17:43

Express News | Southbound funds recorded a net selling of nearly HK$800 million today, with Tencent leading the sell-offs.

Breakings17:40

Express News | Southbound funds recorded a net selling of RMB 778 million today. Via Shanghai-HK Stock Connect, Tencent and Alibaba registered net sellings of HKD 9.05 billion and HKD 7.01 billion, respectively; the top net buying amounted to HKD 13.22 billion. Via Shen

Breakings17:31

董事會會議召開日期

HKEX17:13 · Announcements

The Cyberspace Administration of China stated that large-scale personal information handlers shall adopt security measures such as encryption and must not excessively collect data.

The Cyberspace Administration of China (CAC) released the 'Provisions on Personal Information Protection by Large-Scale Personal Information Handlers (Draft for Public Comments),' which states that large-scale personal information handlers shall adopt measures such as encryption, de-identification, access control, and anonymization to safeguard the security of the personal information they process. They may utilize the national public service for online identity authentication and are encouraged to apply data tagging technologies and obtain personal information protection certifications to enhance their level of personal information protection. Furthermore, when processing personal information, large-scale personal information handlers shall adhere to the principles of lawfulness, fairness, necessity, and good faith; comply with laws and administrative regulations; and respect social morality and ethics. Large-scale personal information handlers collecting

AASTOCKS17:12

Behind 'Global 3-Day Delivery,' Cainiao is honing its real capabilities

On August 5, Cainiao officially launched its 'Global 3-Day Delivery' cross-border logistics service. On 15 core cross-border routes—including those between China and Europe, within the broader European region, and among Middle Eastern countries—Cainiao has already achieved door-to-door delivery within three calendar days after a consumer places an order. Based on the cost of a standard 0.5-kilogram small parcel to Europe, the per-parcel shipping fee for the 3-day express service is approximately half that of standard international express. Previously, such speed was attainable only through premium-priced international express services; now, it is available to e-commerce sellers at roughly half the price—a first in the global cross-border e-commerce logistics industry. This is not merely a product upgrade. Since 2020, Cainiao was the first to

Gelonghui Finance16:34

Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 0.78%; large-model-related stocks performed strongly, Zhipu AI surged nearly 15%, and MINIMAX gained almost 10%; PCB-related stocks advanced, with T.T. Board Holdings rising

Technology and internet stocks declined across the board, with SenseTime Group down 3.95% and NetEase up 1.08%; pharmaceutical stocks rose collectively, led by Pharmaron advancing 12.07% and Insilico Medicine up 10.88%; semiconductor stocks gained, with GigaDevice rising 6.80% and Tianshu Zhixin up 6.31%;

Futu News16:25

Volcengine has launched the Seedance 2.5 API service, supporting direct generation of 30-second videos.

Volcengine, a subsidiary of ByteDance, announced the official launch of its Seedance 2.5 API service. Compared to Seedance 2.0, Seedance 2.5 delivers significant improvements in instruction following, long-form narrative generation, human-like realism, and audiovisual quality. The model natively supports direct generation of 30-second videos and can reference up to 50 full-modality assets, offering more precise and stable editing capabilities while supporting over ten languages. The output quality of Seedance 2.5 brings these foundational video elements close to cinematic-grade standards for long-form storytelling, unlocking broader commercial applications such as creative advertising and industrial simulation.

AASTOCKS16:14

Alibaba (09988) launched CosyVoice Studio, the first domestic AI-powered voice productivity platform.

Users may now search for “CosyVoice” in app stores to download and enjoy a limited-time free trial.

Zhitong Finance15:45

Yunfeng Fund responds to rumors of Corgi investment: Did not participate; continues to focus deeply on the entire hard-tech and artificial intelligence industrial chain.

Sina Tech News, August 7 afternoon — In response to recent market rumors regarding "Yunfeng Fund's investment in U.S. AI company Corgi," Yunfeng Fund officially stated that the report is false and that the fund did not participate in this investment. Established in 2010 as a private equity firm co-founded by Jack Ma, founder of Alibaba Group, and Yu Feng, founder of Focus Media, Yunfeng Fund has, over the past sixteen years, consistently focused on investments in global emerging industries and advanced technologies, with strategic emphasis on integrated circuits, artificial intelligence, green energy, healthcare, and consumer technology sectors. To date, it has invested in nearly 300 companies, establishing a clear and resolute investment thesis.

Sina Technology15:34

CICC: Bullish on the continuation of Alibaba Cloud's revenue acceleration and margin improvement trend

CICC published a report stating that Alibaba (09988.HK) officially launched its new flagship model, Qwen3.8-Max, on August 3 and simultaneously initiated the public beta test of its enterprise-grade Agent product, Qwen Office. The previous week, major overseas cloud providers collectively underwent re-rating following upbeat guidance during their second-quarter earnings calls, triggering a notable shift in the pricing logic for China’s cloud sector. The report notes that the concurrent launch of Qwen3.8-Max and Qwen Office has restored Alibaba’s model capabilities to the domestic top tier, with a strategic push into enterprise AI office solutions via its entry points. Qwen3.8-Max features a parameter scale expanded to 2.4 trillion, with activated parameters

AASTOCKS15:28

Short-selling positions in Tencent and Alibaba have plunged by over 80% from their peak, as short sellers in the Hong Kong stock market aggressively closed out their positions.

① What recent trends have emerged in the short-selling data for Tencent and Alibaba? ② How does China Securities Industry Co., Ltd. assess the current rebound in the Hong Kong stock market?

cls.cn13:43

Express News | Qwen App Update: Five New Features Launched

Breakings10:16

ByteDance is reportedly planning to train a large AI model with over 5 trillion parameters.

Chinese media, citing sources, reported that ByteDance is currently discussing the development of a model with over 5 trillion parameters—surpassing Alibaba’s Qwen 3.8-Max (2.4 trillion parameters) and Moonshot AI’s K3 (2.8 trillion parameters)—making it the largest-parameter model known to date in China. The plan remains in its early stages, and the model may not ultimately be released. It is understood that the new model will be led by Xiang Liang, head of Seed Foundation, in collaboration with Shen Ke, who oversees pre-training data for large language models. To this end, Seed is currently reorganizing its structure, clarifying responsibilities, and allocating resources. Seed team

AASTOCKS09:12

Express News | Exclusive-Moonshot Asking Partners for Revenue Share of up to 30% for Kimi K3 Model-Source

Breakings09:02

Express News | Exclusive-Alibaba Plans to Ask for Revenue Sharing for Next Version of Open-Source Qwen AI Model-Sources

Breakings09:02