Express News | Alibaba is integrating QoderWork, Wukong, and MuleRun to launch a new AI productivity product.

BreakingsJul 16 18:11

Jefferies: Qwen AI integration into Apple Intelligence carries multiple positive implications for Alibaba.

Jefferies published a report stating that Alibaba's (09988.HK) Qwen will provide services to users of the China-market Apple (AAPL.US) AI-powered devices. Although further cooperation details have not yet been disclosed, the firm views this as recognition of the Qwen model across diverse use cases. According to the firm’s recent report, Alibaba Cloud possesses comprehensive end-to-end capabilities, and revenue is expected to accelerate in the September quarter. The firm reiterated Alibaba as its top pick. The report noted that this development carries multiple positive implications for Alibaba, including validation of Qwen’s model capabilities and its broad suite of model options that cater to varying user needs; it also enhances Qwen’s presence in international markets.

AASTOCKSJul 16 10:44

Hong Kong Market Midday Review | All three major indices declined, with the Hang Seng Tech Index down over 4%; AI application and memory stocks fell collectively, with Zhipu AI plunging nearly 22%, MiniMax dropping close to 14%, and CSOP Daily Leveraged 2

Tech and internet stocks declined, with Meituan-W falling 6.08% and Kuaishou-W dropping 5.80%; semiconductor stocks weakened, with Innoscience falling 10.17% and GigaDevice declining 8.67%; pharmaceutical stocks fell, with Insilico Intelligence down 12.12% and 3SBio dropping 10.61%;

Futu News12:12

Cainiao: Its self-developed sorting equipment has been deployed in over 70 sorting centers of STO Express.

Sina Tech News, July 17 (morning): Cainiao's automated parcel sorting solution was showcased at STO Express’s customer open day event. Cainiao’s self-developed parcel sorting equipment has already been deployed in over 70 sorting centers across STO’s nationwide network, making Cainiao a core technology and automation partner for STO’s sorting operations. According to reports, Cainiao’s automated sorting solution now enables end-to-end automation—from parcel intake to chute dispatch—featuring high-speed cross-belt sorters for small parcels, narrow-belt sorters for large and irregularly shaped items, swing-wheel sorters for precise diversion at conveyor junctions, and an integrated DWS system that combines weighing, dimensioning, and barcode scanning into a single process per parcel.

Sina Technology10:46

JPMorgan: A-share market's 'AI-driven deleveraging' is a healthy correction, not a bubble burst

JPMorgan believes that the recent correction in the A-share AI sector is fundamentally a deleveraging process rather than a deterioration in fundamentals. The decline in margin trading as a share of IT-sector activity, coupled with technology ETFs attracting inflows despite market headwinds, suggests that deleveraging is nearing completion. Balance sheet leverage among U.S. and Chinese cloud giants remains well below levels seen during historical bubble periods, reflecting continued financial strength. Large model iterations and hardware supply constraints are expected to persist through 2028.

wallstreetcn09:29

Zhito Hong Kong Stock Connect Holdings Analysis | July 17

Stock Connect Holdings Analysis | July 16, 2026

Zhitong Finance08:30