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23.02.26 - 09:15
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Full-day Takeaway: HSI Up 668 pts; HSTI Up 173 pts; MEITUAN Up over 5%; BABA Up over 3%; XIAOMI Up over 3%; LI NING, TECHTRONIC IND, SINOPHARM, SHK PPT, HENDERSON LAND Hit New Highs; Market Turnover Rises (AAStocks)
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At close, HSI rose 668 pts or 2.5% to 27,081. HSTI rose 173 pts or 3.3% to 5,385. HSCEI gained 237 pts or 2.7% to 9,197. Market turnover reached $172.96 billion.Active Heavyweights:MEITUAN (03690.HK) closed at $85, up 5.3%BABA (09988.HK) closed at $152.2, up 3.5%XIAOMI (01810.HK) closed at $36.56, up 3.4%PING AN (02318.HK) close......
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23.02.26 - 09:00
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Qianwen App Processes ~200M 'One-Command Orders' During Spring Festival (AAStocks)
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The WeChat official account of BABA-W (09988.HK)'s Qianwen App announced that Qianwen processed nearly 200 million "one-command orders" for its users during the Spring Festival.On average, one out of every ten people across China used Qianwen to place orders for food, beverages, flights, hotels, movie tickets, and ......
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23.02.26 - 09:00
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Meituan Data: Beijing, Shanghai, Chengdu Rank as Top 3 Popular Travel Destinations for Spring Festival (AAStocks)
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On the ride of various travel demands such as returning home for family reunions, Beijing, Shanghai, Chengdu, Chongqing, Shenzhen, Guangzhou, Xi'an, Hangzhou, Nanjing, and Wuhan have become the top ten most popular travel destinations in mainland China, as revealed by the "2026 Spring Festival Consumption Insight Report......
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23.02.26 - 05:15
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Midday Takeaway: HSI Up 605 pts; HSTI Up 173 pts; MEITUAN Up over 6%; BABA Up over 3%; TENCENT Up over 3%; SHK PPT, TECHTRONIC IND, LI NING, HANG LUNG PPT, HENDERSON LAND Hit New Highs (AAStocks)
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At midday close, HSI rose 605 pts or 2.3% to 27,019. HSTI rose 173 pts or 3.3% to 5,384. HSCEI gained 224 pts or 2.5% to 9,183.Active Heavyweights:MEITUAN (03690.HK) closed at $86.35, up 6.9%BABA (09988.HK) closed at $152.4, up 3.6%TENCENT (00700.HK) closed at $539.5, up 3.4%XIAOMI (01810.HK) closed at $36.34, up 2.8%CCB (00939.......
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23.02.26 - 02:18
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Why is the Hang Seng Tech Index in the doldrums while AI shares are soaring? (SCMP)
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Hong Kong's tech equity benchmark is struggling to balance the artificial intelligence frenzy and picking the right industry leaders, leading to its underperformance this year, according to analysts.
The Hang Seng Tech Index, which comprises 30 technology-related companies including Tencent Holdings, Alibaba Group Holding and Meituan, has fallen 5.5 per cent this year up to Friday, giving up some of last year's 23.5 per cent gains.
In contrast, the broad-based Hang Seng Index has risen 0.3 per......
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21.02.26 - 17:00
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Bill Ackman Bought Only 1 New Stock. Here’s Why the Billionaire is Bullish on Meta (24/7 Wall St.)
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Bill Ackman built his fortune through Pershing Square Capital Management by taking large positions in companies he believes in, often concentrating his bets rather than diversifying broadly. This approach has included activist campaigns and short positions, like his notable bet against Herbalife (NYSE:HLF). Ackman's strategy emphasizes deep research into high-quality businesses with durable growth. In ... Bill Ackman Bought Only 1 New Stock. Here's Why the Billionaire is Bullish on Meta
The post Bill Ackman Bought Only 1 New Stock. Here's Why the Billionaire is Bullish on Meta appeared first on 24/7 Wall St.....
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21.02.26 - 14:06
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China′s tech giants pursue AI, semiconductor talent in US as competition intensifies (SCMP)
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Major Chinese technology companies, including ByteDance and Baidu, are aggressively expanding their US-based research and development teams, targeting high-level artificial intelligence and semiconductor recruits in key American tech hubs.
The overseas hiring spree underscores these “big tech” firms' growing ambitions to build up their skilled workforce in AI systems development and semiconductor design amid increased competition in their home market.
Social media giant ByteDance, the parent......
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21.02.26 - 04:06
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China′s AI crossroads: 3 divergent paths in the race for dominance (SCMP)
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On a crisp January afternoon, the Shenzhen Bay Sports Centre, just a stone's throw from Tencent Holdings' headquarters, was packed with employees gathering for a party featuring celebrity cameos and prizes. But before the fun started, they witnessed a round of sober self-reflection from their low-profile leader.
The New Year address by co-founder, chairman and CEO Pony Ma Huateng is an annual tradition for the social media and video gaming giant, offering its 115,000 employees rare insight into......
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