Alibaba: announced the Qwen-AgentWorld, a native language world model that simulates agent environments across seven domains.
Alibaba's affiliated AI company QoderWork has rolled out "Peak Token"; users can enjoy token discounts during off-peak hours, 10pm - 8am, running at a 60% - 80% off.
Alibaba's video generation model HappyHorse 1.1 was released and is now available on its official web, AliCloud and Bailian platforms Per third-party data from Analysys, total gross merchandise value (GMV) during 618 (June 18) sales grew by 6.4% year-on-year (yoy), with Douyin leading the growth at 10.8% year-on-year (yoy), followed by Alibaba's Taobao/Tmall at 6.7%
Alimama's Wanxiang was used by more than 1 million merchants over 3 billion times during this year's 618, with overall return on investment up by 20% yoy.
AliExpress's branded merchant GMV during the international 618 promotion grew by 90% yoy, 177 brands had 3 times GMV versus the March shopping festival
Tencent: following the "Xiaowei" AI agent for Weixin, Enterprise Weixin's agent "Dayuan" had also started its internal testing phrase, responses are based on existing chats, docs, emails, etc. from users' account
Active merchants on Tencent's Weixin mini stores during the 618 promotion increased by 95% yoy, products with >Rmb10mn GMV increased by 133% yoy
📈Both $BABA-W(09988)$ (+5.1%, HKD 94.05) and $TENCENT(00700)$ (+2.5%, HKD 422.10) are seeing a rebound from their 52-week lows on Friday, as of 1020AM
Trending Alibaba call $Alibaba MB eCW261103(ETKW.SI)$ is trading 45.5% higher to SGD 0.016 while trending put $Alibaba MB ePW261005(JCJW.SI)$ is down 12.3% to SGD 0.100
✳Trending Tencent call $TencentMBeCW270105(WUHW.SI)$ is up 12.1% to SGD 0.037 as of 1020AM
According to Bloomberg AskB, the 1-month share price divergence between Alibaba (-22.6%) and Tencent (-1.7%) is striking and reflects company-specific catalysts hitting Alibaba hard in June, while Tencent's underperformance is more of a gradual sector-level drift
Both stocks are underperforming the broad Hang Seng Index on a 3-month and 6-month basis
⚙Investors keen to trade the short-term moves in the shares can consider using the below trending warrants to do so, at a fraction of their respective underlying prices while moving in greater magnitudes compared to the share price
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