BABA-W Qwen App Handles 5 Billion User Queries Through 'Qwen Help Me' Over Spring Festival
Stock Performance: BABA-W (09988.HK) experienced a decline of 4.525%, with short selling amounting to $1.22 billion and a ratio of 22.552%.
AI Shopping Experience: During the Spring Festival, over 130 million people in China used the Qwen App for AI shopping, generating 5 billion user queries through the 'Qwen help me' feature.
User Engagement Initiative: The company launched a story-sharing event encouraging users to share their experiences with the Qwen App, with selected participants eligible for a gift card worth RMB1,000 and potential New Year gifts.
Market Update: Citi has adjusted Meituan-W's target price to HKD94, noting that the 2025 operating loss for CLC is better than expected.
Trade with 70% Backtested Accuracy
Analyst Views on 09988
About the author
Short Selling Activity Reaches $39.4B, Representing 29% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $39.4 billion, accounting for 29% of the eligible securities turnover, slightly up from 28.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TRACKER FUND, HSCEI ETF, BABA-W, and XIAOMI-W, with CSOP HS TECH leading at $4.83 billion and a short selling ratio of 64.4%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 2.947% with a short selling turnover of $4.83 billion, representing a significant short selling ratio.
Other Notable Stocks: TRACKER FUND (02800.HK) and HSCEI ETF (02828.HK) also had substantial short selling amounts of $4.62 billion and $3.37 billion, respectively, with short selling ratios of 52.1% and 44.5%.
BABA-W Qwen App Handles 5 Billion User Queries Through 'Qwen Help Me' Over Spring Festival
Stock Performance: BABA-W (09988.HK) experienced a decline of 4.525%, with short selling amounting to $1.22 billion and a ratio of 22.552%.
AI Shopping Experience: During the Spring Festival, over 130 million people in China used the Qwen App for AI shopping, generating 5 billion user queries through the 'Qwen help me' feature.
User Engagement Initiative: The company launched a story-sharing event encouraging users to share their experiences with the Qwen App, with selected participants eligible for a gift card worth RMB1,000 and potential New Year gifts.
Market Update: Citi has adjusted Meituan-W's target price to HKD94, noting that the 2025 operating loss for CLC is better than expected.
Short Selling Activity Reaches $20B, Accounting for 28.7% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $20 billion at midday, accounting for 28.7% of the turnover of securities eligible for short selling, slightly up from 28.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TRACKER FUND, HSCEI ETF, BABA-W, and XIAOMI-W, with CSOP HS TECH leading at $3.09 billion and a short selling ratio of 65.6%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 2.57% with a short selling turnover of $3.09 billion, representing a high short selling ratio of 65.6%.
Other Notable Stocks: TRACKER FUND (02800.HK) and HSCEI ETF (02828.HK) followed with short selling amounts of $2.41 billion and $1.49 billion, respectively, while BABA-W and XIAOMI-W had lower short selling ratios and amounts.
Three AI Large Model Semi-IPOs Reach New Heights; KNOWLEDGE ATLAS and HAIZHI TECH GP Soar Approximately 20%; Jefferies Assigns Buy Rating to MINIMAX-WP
Market Overview: Hong Kong stocks opened lower on the first trading day after the Lunar New Year, dropping 348 points to a low of 26,356 before closing at 26,577, down 128 points with a turnover of HKD83.242 billion.
AI Sector Performance: Three semi-IPOs in the AI sector, MINIMAX-WP, KNOWLEDGE ATLAS, and HAIZHI TECH GP, saw significant gains, with MINIMAX-WP reaching a new high since listing and receiving a Buy rating from Jefferies.
Mixed Results for Major AI Stocks: Other major AI-related stocks had mixed performances, with blue-chip stocks like BIDU-SW, BABA-W, KUAISHOU-W, and TENCENT experiencing declines.
Short Selling Activity: Notable short selling activity was reported, particularly for BIDU-SW and BABA-W, indicating market caution among investors in the AI sector.
HKGX Chair Predicts Gold Prices Will Hit USD 6,000 by Q2 and Q3 of 2026
Lunar New Year Opening: The Hong Kong Gold Exchange (HKGX) celebrated its Lunar New Year opening on January 20, with the price of 99 gold starting at HKD46,518 per tael.
Market Projections: HKGX Chairman Haywood Cheung indicated that the gold market is in the early to mid-stage of a bull market, with potential price adjustments due to geopolitical tensions, and a forecasted price of USD6,000 per ounce by mid-2026.
Collaboration Announcement: HKGX and AGTECH HOLDINGS announced a partnership to create an international precious metals trading platform and a digital commodity blockchain, aimed at enhancing risk control and system regulation.
Stock Market Activity: The article also mentions recent stock performance and short selling data for BABA-W and AGTECH HOLDINGS, highlighting significant short selling activity.
Alphabet and Sea (SE.US) Establish Strategic Partnership for AI Tool Development in E-commerce and Gaming Sectors
Alphabet and Sea Partnership: Alphabet, the parent company of Google, has formed a strategic cooperation agreement with Southeast Asia's e-commerce giant Sea to develop AI tools for Sea's e-commerce and gaming products.
AI Shopping Prototypes: The collaboration will focus on creating AI shopping prototypes for Sea's e-commerce platform, Shopee, and enhancing game development productivity through AI solutions in Sea's gaming division, Garena.
Competition in Southeast Asia: Alibaba's Lazada is competing with Shopee in the Southeast Asian market and has launched a new AI model aimed at the era of agent-based AI.
Market Activity: Alibaba's stock has seen a significant short selling activity, with a ratio of 24.318% and a short selling value of $1.08 billion.
Short Selling Activity Reaches $39.4B, Representing 29% of Eligible Securities Turnover at Market Close
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $39.4 billion, accounting for 29% of the eligible securities turnover, slightly up from 28.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TRACKER FUND, HSCEI ETF, BABA-W, and XIAOMI-W, with CSOP HS TECH leading at $4.83 billion and a short selling ratio of 64.4%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 2.947% with a short selling turnover of $4.83 billion, representing a significant short selling ratio.
Other Notable Stocks: TRACKER FUND (02800.HK) and HSCEI ETF (02828.HK) also had substantial short selling amounts of $4.62 billion and $3.37 billion, respectively, with short selling ratios of 52.1% and 44.5%.
BABA-W Qwen App Handles 5 Billion User Queries Through 'Qwen Help Me' Over Spring Festival
Stock Performance: BABA-W (09988.HK) experienced a decline of 4.525%, with short selling amounting to $1.22 billion and a ratio of 22.552%.
AI Shopping Experience: During the Spring Festival, over 130 million people in China used the Qwen App for AI shopping, generating 5 billion user queries through the 'Qwen help me' feature.
User Engagement Initiative: The company launched a story-sharing event encouraging users to share their experiences with the Qwen App, with selected participants eligible for a gift card worth RMB1,000 and potential New Year gifts.
Market Update: Citi has adjusted Meituan-W's target price to HKD94, noting that the 2025 operating loss for CLC is better than expected.
Short Selling Activity Reaches $20B, Accounting for 28.7% of Eligible Securities Turnover by Midday
Short Selling Turnover: The short selling turnover in the Hong Kong market reached $20 billion at midday, accounting for 28.7% of the turnover of securities eligible for short selling, slightly up from 28.2% on the previous trading day.
Top Short Selling Stocks: The top five stocks with the highest short selling amounts include CSOP HS TECH, TRACKER FUND, HSCEI ETF, BABA-W, and XIAOMI-W, with CSOP HS TECH leading at $3.09 billion and a short selling ratio of 65.6%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) saw a decrease of 2.57% with a short selling turnover of $3.09 billion, representing a high short selling ratio of 65.6%.
Other Notable Stocks: TRACKER FUND (02800.HK) and HSCEI ETF (02828.HK) followed with short selling amounts of $2.41 billion and $1.49 billion, respectively, while BABA-W and XIAOMI-W had lower short selling ratios and amounts.
Three AI Large Model Semi-IPOs Reach New Heights; KNOWLEDGE ATLAS and HAIZHI TECH GP Soar Approximately 20%; Jefferies Assigns Buy Rating to MINIMAX-WP
Market Overview: Hong Kong stocks opened lower on the first trading day after the Lunar New Year, dropping 348 points to a low of 26,356 before closing at 26,577, down 128 points with a turnover of HKD83.242 billion.
AI Sector Performance: Three semi-IPOs in the AI sector, MINIMAX-WP, KNOWLEDGE ATLAS, and HAIZHI TECH GP, saw significant gains, with MINIMAX-WP reaching a new high since listing and receiving a Buy rating from Jefferies.
Mixed Results for Major AI Stocks: Other major AI-related stocks had mixed performances, with blue-chip stocks like BIDU-SW, BABA-W, KUAISHOU-W, and TENCENT experiencing declines.
Short Selling Activity: Notable short selling activity was reported, particularly for BIDU-SW and BABA-W, indicating market caution among investors in the AI sector.
HKGX Chair Predicts Gold Prices Will Hit USD 6,000 by Q2 and Q3 of 2026
Lunar New Year Opening: The Hong Kong Gold Exchange (HKGX) celebrated its Lunar New Year opening on January 20, with the price of 99 gold starting at HKD46,518 per tael.
Market Projections: HKGX Chairman Haywood Cheung indicated that the gold market is in the early to mid-stage of a bull market, with potential price adjustments due to geopolitical tensions, and a forecasted price of USD6,000 per ounce by mid-2026.
Collaboration Announcement: HKGX and AGTECH HOLDINGS announced a partnership to create an international precious metals trading platform and a digital commodity blockchain, aimed at enhancing risk control and system regulation.
Stock Market Activity: The article also mentions recent stock performance and short selling data for BABA-W and AGTECH HOLDINGS, highlighting significant short selling activity.
Alphabet and Sea (SE.US) Establish Strategic Partnership for AI Tool Development in E-commerce and Gaming Sectors
Alphabet and Sea Partnership: Alphabet, the parent company of Google, has formed a strategic cooperation agreement with Southeast Asia's e-commerce giant Sea to develop AI tools for Sea's e-commerce and gaming products.
AI Shopping Prototypes: The collaboration will focus on creating AI shopping prototypes for Sea's e-commerce platform, Shopee, and enhancing game development productivity through AI solutions in Sea's gaming division, Garena.
Competition in Southeast Asia: Alibaba's Lazada is competing with Shopee in the Southeast Asian market and has launched a new AI model aimed at the era of agent-based AI.
Market Activity: Alibaba's stock has seen a significant short selling activity, with a ratio of 24.318% and a short selling value of $1.08 billion.
