BABA-W Introduces 'Qianwen AI Glasses' Priced from RMB1,997
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.659%, with short selling reaching $1.65 billion and a ratio of 19.815%.
Product Launch: The company launched its first AI hardware product, the "Qianwen AI Glasses," available for reservation at RMB0 and set for immediate sale in China on March 8.
Global Market Plans: The "Qianwen AI Glasses" are expected to enter the global market later this year, featuring integration with the Qianwen APP for services like ordering takeaway and booking hotels.
Market Outlook: UBS suggests that if China successfully achieves reflation, the stock market could rise by 20%, advising a reduction in exposure to the internet sector.
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Southbound Trading Inflows: CSOP HS TECH, XIAOMI-W, and CNOOC saw significant Southbound Trading net inflows of HKD3.1 billion, HKD1.6 billion, and HKD1.4 billion respectively, while CNOOC was the most active stock with a net inflow of HKD1.8 billion.
Southbound Trading Outflows: BABA-W and SMIC experienced notable Southbound Trading net outflows of HKD1.4 billion and HKD154.8 million, with BABA-W being the most active stock with a net outflow of HKD930.3 million.
Short Selling Activity: The short selling figures indicated a total of $3.24 billion for XIAOMI-W and $2.72 billion for BABA-W, with respective short selling ratios of 33.244% and 16.366%.
Overall Trading Summary: At the close, Southbound Trading net outflow totaled HKD0, accounting for 43.26% of the total transaction amount of HKD154.74 billion.

Short Selling Turnover: The short selling turnover in the Hong Kong market reached $65.9 billion, accounting for 22.6% of the eligible securities turnover, slightly down from 22.7% 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 $10.15 billion, HSCEI ETF (02828.HK) at $4.45 billion, XIAOMI-W (01810.HK) at $3.24 billion, BABA-W (09988.HK) at $2.72 billion, and TENCENT (00700.HK) at $2.39 billion.
Short Selling Ratios: TRACKER FUND has the highest short selling ratio at 59.3%, followed closely by HSCEI ETF at 58.9%, while XIAOMI-W, BABA-W, and TENCENT have ratios of 33.2%, 16.4%, and 16.3% respectively.
Market Performance: The reported changes in share prices for the top shorted stocks include declines for TRACKER FUND, HSCEI ETF, XIAOMI-W, BABA-W, and TENCENT, indicating a bearish sentiment in the market.

Short Selling Turnover: The short selling turnover in the Hong Kong market reached $37.9 billion at midday, accounting for 23.7% of the turnover of securities eligible for short selling, an increase from 22.7% on the previous trading day.
Top Short Selling Shares: The top five shares with the highest short selling amounts include CSOP HS TECH, TRACKER FUND, XIAOMI-W, BABA-W, and TENCENT, with CSOP HS TECH leading at $7.8 billion and a short selling ratio of 75.6%.
CSOP HS TECH Performance: CSOP HS TECH (03033.HK) experienced a decline of 2.068%, with a significant short selling turnover of $7.8 billion.
Other Notable Stocks: TRACKER FUND (02800.HK) and XIAOMI-W (01810.HK) also saw considerable short selling, with ratios of 47.9% and 31.5%, respectively, while BABA-W and TENCENT had lower ratios of 14.7% and 13.2%.

Stock Performance: BABA-W (09988.HK) experienced a decline of 2.589%, with short selling amounting to $1.65 billion and a ratio of 19.815%.
AI Branding Update: Alibaba has unified its AI branding under the name Qwen to eliminate confusion from multiple previous names, with the Qwen App being its flagship AI application for consumers.
Stock Performance: BABA-W (09988.HK) experienced a decline of 2.659%, with short selling reaching $1.65 billion and a ratio of 19.815%.
Product Launch: The company launched its first AI hardware product, the "Qianwen AI Glasses," available for reservation at RMB0 and set for immediate sale in China on March 8.
Global Market Plans: The "Qianwen AI Glasses" are expected to enter the global market later this year, featuring integration with the Qianwen APP for services like ordering takeaway and booking hotels.
Market Outlook: UBS suggests that if China successfully achieves reflation, the stock market could rise by 20%, advising a reduction in exposure to the internet sector.

Revenue Performance: Baidu reported a 4% year-over-year decline in total revenue for Q4 2025, but a 5% quarter-over-quarter increase, with core A-enabled business revenue at RMB11.3 billion, representing 43% of its core business revenue.
Profit Surpassing Expectations: Despite higher-than-expected expenses, Baidu's adjusted operating profit and net profit exceeded market expectations by 13%, driven by strong gross profit performance.
Market Outlook: JPMorgan maintains a "Buy" rating on Baidu, favoring sectors like materials, insurance, and consumer staples, with a year-end MSCI China Index target set at 100.
Target Price: The latest target price for Baidu's US shares is set at USD 172, reflecting ongoing shareholder return strategies.





