Apple Bets on "Dual-Track AI Strategy" in China: Integrating Alibaba's Tongyi Qianwen While Developing Its Own Local Large Language Model
Apple is reshaping its AI strategy in the Chinese market. According to Reuters, Apple has reportedly begun training a dedicated large language model tailored for the Chinese market, with development efforts supported by Alibaba.
Express News | Alibaba to sell Lingxi Interactive Entertainment to CITIC Capital for over $1.5 billion
According to reports, the buyer for Alibaba’s Lingxi Interactive Entertainment has been confirmed as Trustar Capital, an affiliate of CITIC Capital. The sale price is expected to exceed RMB 1.5 billion (approximately RMB 10.1 billion).
Sector Update: Consumer Stocks Lean Lower Premarket Friday
Consumer stocks were leaning lower premarket Friday, with the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) inactive and the State Street Consumer Staples Select Sector SPDR ETF (
Tesla's Stock Is Bouncing. Here's What the Options Market Says You Should Do.
By Lawrence G. McMillan Target, Walmart and Home Depot are the focuses of earnings reports next week, and options traders are eyeing these trades Here's what the options market is saying you should
Zhitong Stock Connect Active Trading | August 14
Active Trading in Hong Kong Stock Connect | August 14, 2026
Capital Flows | Southbound capital sold over HK$1 billion worth of Lenovo Group and Alibaba shares, while increasing holdings in MINIMAX for seven consecutive days
Track the latest developments of southbound capital flows
Express News | Southbound capital recorded net sales of over HK$1.3 billion today, with Lenovo Group among the top stocks sold.
Southbound capital recorded net sales of HK$1.316 billion today. Among them, Lenovo Group and Alibaba-W saw net sales of HK$1.072 billion and HK$1.063 billion, respectively; MINIMAX-W recorded net purchases of approximately HK$1.364 billion.
Hong Kong Stocks Close | Three Major Indices Weaken Collectively This Week; Market Themes Diverge During Interim Reporting Period
1. The Hang Seng Index fell more than 2% this week; what changes have occurred in the market logic? 2. Diverging trends among hot sectors during the interim reporting window; which areas are capturing market focus?
Express News | Southbound funds recorded a net sell-off of RMB 1.316 billion today. Under the Shanghai-Hong Kong Stock Connect, Alibaba-W and Meituan-W saw net sales of HKD 879 million and HKD 788 million, respectively; Tencent recorded the highest net buying at HKD 1.127 billion. Under the Shenzhen-Hong Kong Stock Connect, Huahong Hongli and Lenovo Group saw net sales of HKD 783 million and HKD 293 million, respectively; the top net buyer recorded an amount of HKD 630 million.
Alibaba Group Holding Stock Slides 1.6% in Hong Kong
This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Alibaba Group Holding Ltd. shed 1.6% to 119.90 Hong Kong dollars on what proved to be an all-
HK Market Quick Look | All three major indices fell, with the Hang Seng Tech Index dropping 1.77% and MINIMAX declining over 12%. Memory chip and optical communication stocks strengthened; the Direxion Daily Hynix Semiconductor Bull 2X Shares surged more
Internet and technology stocks declined broadly, with JD.com-SW falling 10.41% and Meituan-W dropping 4.44%. Solar photovoltaic stocks performed strongly, with Lens Technology rising 5.03% and Fuyao Glass gaining 1.71%. Pharmaceutical stocks generally fell, with Insilico Medicine down 3.92% and Hengrui Pharma declining 3.74%.
Industrial Securities: Office scenarios may become a key direction for large-scale AI deployment, with major internet companies developing flagship products
Tencent, Alibaba, and ByteDance are streamlining their product lines to focus on their core offerings.
Four days after the launch of the Qianwen Open Platform, over 200 ecosystem partners have applied to join.
Gelong Hui, August 14 | According to Qwen, the Qwen Open Platform has received onboarding applications from over 200 partners within four days of its launch. Released on August 10, the Qwen Open Platform enables ecosystem partners and developers to create and integrate AI agents to provide services to users via the Qwen app. Currently, ecosystem partners from more than ten sectors—including logistics and transportation, real estate and housing, local lifestyle services, wealth management, and automotive—have joined the platform. These include third-party partners such as SF Express, Swan Daojia, Beike, and Lenovo, as well as Alibaba ecosystem products like Cainiao and Quark Cloud Drive. According to reports, the Qwen Open Platform provides onboarded partners with account management, AI payment solutions, and order...
The Great Retreat of HKD Stablecoins
Following the issuance of the first batch of licenses, Standard Chartered and HSBC have adopted divergent stances, while licensed crypto trading platforms and potential scenario providers remain largely on the sidelines, reflecting the widespread challenges facing non-USD stablecoins globally.
Chuanxin Chen Capital is close to finalizing the acquisition of Lingxi Games, Alibaba's gaming brand.
Bloomberg, citing sources, reported that Trustar Capital, an Asian private equity firm, is close to finalizing a deal to acquire Alibaba’s (09988.HK) gaming brand, Lingxi Games. The transaction could value Lingxi Games at more than $1.5 billion. The report stated that negotiations are ongoing and no final decision has been made. Earlier reports indicated that Alibaba had considered selling Lingxi Games for up to RMB 9 billion.
Express News | Apple trains its proprietary AI model for the Chinese market with support from Alibaba
Apple has trained an AI model specifically for the Chinese market, with the training reportedly supported by Alibaba. (Reuters)
Express News | Exclusive-AI Model Was Trained With Alibaba's Support-Sources
Hong Kong Stock Market Midday Review: Hang Seng Index and Hang Seng China Enterprises Index Fall for Fourth Consecutive Session, Dragged Down by Sharp Decline in Tech Stocks; Gold and Chip Stocks Buck the Trend with Strong Performance
Gelonghui, August 14 – Hong Kong stocks extended their decline today, with the Hang Seng Index and the Hang Seng China Enterprises Index both recording a fourth consecutive day of losses, closing down 0.93% and 0.85% respectively at midday. The Hang Seng Tech Index fell 1.79%. Large-cap technology and internet stocks suffered significant declines, led by JD.com, which plunged nearly 10% following its earnings release. Meituan dropped over 5%, Alibaba fell more than 2%, while Baidu, Kuaishou, and Xiaomi each declined by over 1%. Insurance stocks, banking stocks, and Chinese brokerage stocks also remained sluggish, further weighing on the broader market. Previously active biopharmaceutical stocks fell collectively. Meanwhile, China Gold International surged over 13% after its earnings report, leading gains in gold stocks. Supported by strong performance in overseas chip stocks, memory semiconductor...
IMF Deputy Managing Director: What Stablecoins Mean for Emerging Markets
Author: Dan Katz, First Deputy Managing Director of the International Monetary Fund (IMF); Compiled by: Qin Jin The following is the full text of the speech delivered by Dan Katz, First Deputy Managing Director of the International Monetary Fund (IMF), at the University of Cape Town in South Africa on August 7. Good morning. Thank you, Vice-Chancellor, for your kind introduction. I am delighted to be here at the University of Cape Town. While this may be the oldest institution of higher learning in the region, it is also one of the most forward-looking and future-oriented universities, thanks to your Financial Innovation Hub. As new technologies reshape
Zhitong Analysis of Holdings via the Hong Kong Stock Connect | August 14
Analysis of Stock Connect Holdings | August 13, 2026