Transsion (688036.SH) under AI smartphone is equipped with Tongyi Qianwen large model.

Shenzhen Transsion Holdings Co., Ltd. (688036.SH) has reached a partnership with Alibaba Cloud, and the Tongyi Qianwen large model has been successfully integrated into the AI smartphone PHANTOM V Fold2 launched by Transsion's Technology brand TECNO. In the future, both parties will conduct in-depth exploration on the application terminal of the large model, with plans to deploy more models on Alibaba Cloud's network.

AASTOCKS15:23

Tmall's 2024 store opening report: new stores increased by 83% year-on-year.

Tmall released the 2024 annual merchant store opening report, showing an 83% year-on-year growth in new merchants entering Tmall in 2024. Within a year of joining Tmall, 32 brands achieved sales exceeding 100 million yuan, 733 brands surpassed 10 million yuan in annual sales, and 1,600 brands exceeded 5 million yuan in annual sales. In terms of regions, the entrepreneurial vitality of brands in the CNI Zhujiang Index continues to lead in 2024. Guangzhou secured the title of the top city for brand entrepreneurship in 2024, with over 12,000 new stores registered in Tmall located in Guangzhou. Besides Guangzhou, there are also brands in Shenzhen, Jinhua, Quanzhou, Xuzhou, Wenzhou, Zhengzhou, Dongguan, Xiamen, and Foshan.

AASTOCKS15:01

JD.com (09618.HK): is gradually opening up to the use of Alipay.

Wang Shancheng, director of the Comprehensive Division of the National Development and Reform Commission, stated that during last year’s "Double Eleven," Tmall already allowed the use of WeChat Pay, and JD.com (09618.HK) will also integrate Alipay. Alipay customer service indicated that it has supported payments on JD.com. JD.com customer service stated that it is gradually opening up the use of Alipay, and some merchants and special Commodities cannot use Alipay. When Alipay is unavailable, options such as JD.com Payment, Cloud Flash Payment, and WeChat Pay can be selected.

AASTOCKS14:45

Citi's investment ratings and target prices for Chinese Network Technology stocks (table).

Citigroup published a research report, listing the investment ratings and Target Prices for Chinese Network Technology stocks as follows: Stock | Investment Rating | Target Price (HKD) Alibaba-W (09988.HK) | Buy | 132 HKD MEITUAN-W (03690.HK) | Buy | 203 HKD TENCENT (00700.HK) | Buy | 573 HKD TONGCHENGTRAVEL (00780.HK) | Buy | 21 HKD ------------------------------------------------- Alibaba (BABA.US) | Buy | 1.

AASTOCKS14:42

Hong Kong Stock Market Afternoon Review | All three major indices fell, with the Hang Seng Index down nearly 2%; Network Technology stocks declined, with Tencent down nearly 7% and Xiaomi down over 8%; some mineral stocks rose against the trend, with CGN

Network Technology stocks fell, with XIAOMI-W down 8.13% and TENCENT down 6.79%; Biotechnology stocks declined, with EVEREST MED-B down 6.35% and WUXI BIO down 4.22%; Shipping and Ports stocks weakened, with COSCO Shipping Holdings down 3.47% and CHINA MER PORT down 2.49%.

Futu News12:23

National Development and Reform Commission: Promote e-commerce and other platforms to actively enhance interoperability.

At a press conference, Wang Shancheng, director of the Comprehensive Department of Institutional Reform of the National Development and Reform Commission, stated that efforts have been made to promote e-commerce stakeholders to actively enhance platform interoperability. Last year on "Double Eleven," Tmall allowed WeChat Pay, and JD.com is about to integrate Alipay, gradually eliminating barriers between platforms. The notice on the "Guidelines for the Construction of a Unified National Market (Trial)" mentions that regions must not restrict the free flow of commodities and factors across regions, must not impose unreasonable conditions to exclude, restrict, or prohibit local operators from providing goods and services to other areas, and must not use forms such as targeted subsidies or local recommendation catalogs to reinforce protection for local products or specific products.

AASTOCKS10:22