BABA-W Eddie Wu: Junyang Lin's Resignation Granted; New Support Group for Foundation Models to Be Formed
Resignation of Technical Head: Junyang Lin, the technical head of Alibaba's Qianwen large model, has resigned unexpectedly, along with two other team members, prompting Alibaba CEO Eddie Wu to confirm the resignation and outline future leadership plans.
Foundation Model Support Group: Alibaba plans to establish a foundation model support group to enhance its AI development, led by Wu, CTO Jingren Zhou, and Yu Fan, while maintaining its open-source strategy and increasing R&D investment.
Talent Recruitment Strategy: The company aims to recruit more top technical talent to improve the foundation model team, which led to adjustments in Lin's responsibilities that he did not accept, resulting in his departure.
Clarification on Open-Source Strategy: Despite Lin's resignation, Alibaba has reiterated that it will continue its open-source strategy for Qianwen and has not set specific commercialization targets for the foundation model team.
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Alibaba Addresses Speculations About Qwen Model Team Resignation: Team Remains Stable, Services Continue as Usual
Clarification on Qwen Model Team: Alibaba has confirmed that the Qwen model team is stable and there has been no collective resignation, with all products and services functioning normally.
Commitment to Open-Source Strategy: The company reiterated its commitment to an open-source strategy for the Qwen model, emphasizing that the team is not bound by commercialization KPIs and aims to advance model intelligence towards AGI.
Short Selling Activity Reaches $51.4B, Representing 18.4% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $51.4 billion, accounting for 18.4% of the eligible securities turnover, a decrease from 20.8% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (02800.HK) at $5.22B, BABA-W (09988.HK) at $2.77B, CSOP HS TECH (03033.HK) at $2.09B, TENCENT (00700.HK) at $1.95B, and HSCEI ETF (02828.HK) at $1.79B.
Short Selling Ratios: The short selling ratios for these top shares are TRACKER FUND at 13.7%, BABA-W at 16.1%, CSOP HS TECH at 18.5%, TENCENT at 16%, and HSCEI ETF at 10.7%.
Market Data Delay: It is noted that the stock quotes for Hong Kong stocks are delayed by at least 15 minutes, with the short selling data recorded as of March 5, 2026.
DeepMind from Google Offers Positions to Alibaba's Qianwen Team
Job Offer from DeepMind: Omar Sanseviero, head of Google's DeepMind, invited members of the Qianwen team to join their development efforts in the open model ecosystem via social media.
Future Development Plans: Sanseviero highlighted that there are many exciting elements on their development roadmap, indicating significant work ahead for the team.
Market Insights from UBS: UBS reported that if China successfully achieves reflation, the stock market could potentially rise by 20%, advising a reduction in exposure to the internet sector.
Resignation at Tongyi Lab: Junyang Lin's resignation from the Tongyi Lab has been approved, as reported in related news.
Short Selling Activity Reaches $25B, Accounting for 18.1% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $25 billion at midday, accounting for 18.1% of the eligible securities turnover, a decrease from 20.8% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (02800.HK), BABA-W (09988.HK), TENCENT (00700.HK), HSCEI ETF (02828.HK), and CSOP HS TECH (03033.HK), with short selling ratios ranging from 10.7% to 19.5%.
TRACKER FUND Performance: TRACKER FUND had a short selling amount of $1.99 billion, with a ratio of 11.046%, showing a slight increase in value.
BABA-W and TENCENT Trends: BABA-W experienced a short selling amount of $1.58 billion with a 19.452% ratio, while TENCENT had a short selling amount of $1.06 billion with a 16.639% ratio, indicating significant short interest in these stocks.
BABA-W Eddie Wu: Junyang Lin's Resignation Granted; New Support Group for Foundation Models to Be Formed
Resignation of Technical Head: Junyang Lin, the technical head of Alibaba's Qianwen large model, has resigned unexpectedly, along with two other team members, prompting Alibaba CEO Eddie Wu to confirm the resignation and outline future leadership plans.
Foundation Model Support Group: Alibaba plans to establish a foundation model support group to enhance its AI development, led by Wu, CTO Jingren Zhou, and Yu Fan, while maintaining its open-source strategy and increasing R&D investment.
Talent Recruitment Strategy: The company aims to recruit more top technical talent to improve the foundation model team, which led to adjustments in Lin's responsibilities that he did not accept, resulting in his departure.
Clarification on Open-Source Strategy: Despite Lin's resignation, Alibaba has reiterated that it will continue its open-source strategy for Qianwen and has not set specific commercialization targets for the foundation model team.
BABA-W Launches Stylish Toy Store in Beijing, Set to Introduce 3 Exclusive Trendy Toy Brands
New Store Opening: Alibaba has opened its first physical trendy toy store, "LUCKY LOOP," in Chaoyang District, Beijing, featuring a variety of trendy toy collections and popular IPs.
Product Offerings: The store includes categories such as blind boxes, trendy figures, and cultural peripherals, showcasing both local and international toy brands.
Upcoming IP Launches: Alibaba plans to launch three proprietary trendy toy IPs—Nooobit, Penny, and Hoya—which are already available in the new store.
Market Context: The stock performance of Alibaba (BABA-W) shows a decline, with significant short selling activity reported.
Alibaba Addresses Speculations About Qwen Model Team Resignation: Team Remains Stable, Services Continue as Usual
Clarification on Qwen Model Team: Alibaba has confirmed that the Qwen model team is stable and there has been no collective resignation, with all products and services functioning normally.
Commitment to Open-Source Strategy: The company reiterated its commitment to an open-source strategy for the Qwen model, emphasizing that the team is not bound by commercialization KPIs and aims to advance model intelligence towards AGI.
Short Selling Activity Reaches $51.4B, Representing 18.4% of Total Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $51.4 billion, accounting for 18.4% of the eligible securities turnover, a decrease from 20.8% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include TRACKER FUND (02800.HK) at $5.22B, BABA-W (09988.HK) at $2.77B, CSOP HS TECH (03033.HK) at $2.09B, TENCENT (00700.HK) at $1.95B, and HSCEI ETF (02828.HK) at $1.79B.
Short Selling Ratios: The short selling ratios for these top shares are TRACKER FUND at 13.7%, BABA-W at 16.1%, CSOP HS TECH at 18.5%, TENCENT at 16%, and HSCEI ETF at 10.7%.
Market Data Delay: It is noted that the stock quotes for Hong Kong stocks are delayed by at least 15 minutes, with the short selling data recorded as of March 5, 2026.
DeepMind from Google Offers Positions to Alibaba's Qianwen Team
Job Offer from DeepMind: Omar Sanseviero, head of Google's DeepMind, invited members of the Qianwen team to join their development efforts in the open model ecosystem via social media.
Future Development Plans: Sanseviero highlighted that there are many exciting elements on their development roadmap, indicating significant work ahead for the team.
Market Insights from UBS: UBS reported that if China successfully achieves reflation, the stock market could potentially rise by 20%, advising a reduction in exposure to the internet sector.
Resignation at Tongyi Lab: Junyang Lin's resignation from the Tongyi Lab has been approved, as reported in related news.
Short Selling Activity Reaches $25B, Accounting for 18.1% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $25 billion at midday, accounting for 18.1% of the eligible securities turnover, a decrease from 20.8% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include TRACKER FUND (02800.HK), BABA-W (09988.HK), TENCENT (00700.HK), HSCEI ETF (02828.HK), and CSOP HS TECH (03033.HK), with short selling ratios ranging from 10.7% to 19.5%.
TRACKER FUND Performance: TRACKER FUND had a short selling amount of $1.99 billion, with a ratio of 11.046%, showing a slight increase in value.
BABA-W and TENCENT Trends: BABA-W experienced a short selling amount of $1.58 billion with a 19.452% ratio, while TENCENT had a short selling amount of $1.06 billion with a 16.639% ratio, indicating significant short interest in these stocks.
BABA-W Eddie Wu: Junyang Lin's Resignation Granted; New Support Group for Foundation Models to Be Formed
Resignation of Technical Head: Junyang Lin, the technical head of Alibaba's Qianwen large model, has resigned unexpectedly, along with two other team members, prompting Alibaba CEO Eddie Wu to confirm the resignation and outline future leadership plans.
Foundation Model Support Group: Alibaba plans to establish a foundation model support group to enhance its AI development, led by Wu, CTO Jingren Zhou, and Yu Fan, while maintaining its open-source strategy and increasing R&D investment.
Talent Recruitment Strategy: The company aims to recruit more top technical talent to improve the foundation model team, which led to adjustments in Lin's responsibilities that he did not accept, resulting in his departure.
Clarification on Open-Source Strategy: Despite Lin's resignation, Alibaba has reiterated that it will continue its open-source strategy for Qianwen and has not set specific commercialization targets for the foundation model team.
BABA-W Launches Stylish Toy Store in Beijing, Set to Introduce 3 Exclusive Trendy Toy Brands
New Store Opening: Alibaba has opened its first physical trendy toy store, "LUCKY LOOP," in Chaoyang District, Beijing, featuring a variety of trendy toy collections and popular IPs.
Product Offerings: The store includes categories such as blind boxes, trendy figures, and cultural peripherals, showcasing both local and international toy brands.
Upcoming IP Launches: Alibaba plans to launch three proprietary trendy toy IPs—Nooobit, Penny, and Hoya—which are already available in the new store.
Market Context: The stock performance of Alibaba (BABA-W) shows a decline, with significant short selling activity reported.
