Alibaba Reports Q2 FY2026 Results: AI Revenue Grows Triple-Digits for Nine Consecutive Quarters On November 25, Alibaba (BABA) released its Q2 FY2026 (Q3 2025) financial results, posting revenue of RMB247.8 billion ($34.7 billion), up 5% YoY. Excluding divested businesses like Sun Art Retail and Intime, revenue grew 15% YoY. However, increased investments in instant retail, user experience, and technology led to profit declines: operating profit dropped 85% YoY to RMB5.4 billion, adjusted EBITA fell 78% to RMB9.1 billion, and net profit attributable to ordinary shareholders decreased 52% to RMB21 billion. Free cash flow turned negative at RMB21.8 billion, compared to RMB13.7 billion inflow a year earlier.
Guosheng Technology Plans Asset Acquisition Amid Regulatory Scrutiny Guosheng Technology announced plans to acquire 100% equity of Tongling Fuyue Technology for RMB240.6 million. The deal, subject to exchange inquiries, would consolidate Fuyue into Guosheng’s financial statements without constituting a major asset restructuring.
Two A-Listers Face Delisting Over Fraud *ST Suwu and *ST Dongtong received regulatory penalties for years-long financial misconduct, triggering mandatory delisting procedures. The cases underscore China’s intensified crackdown on market violations.
Securities Firms Ramp Up Buybacks, Exceeding RMB2.4 Billion in 2025 Nine listed brokerages—including Western Securities, Huatai Securities, and Hongta Securities—have repurchased shares worth over RMB2.4 billion this year, signaling confidence amid market volatility.
Fund Dividends Surpass RMB200 Billion in 2025 Year-end dividend distributions by funds have exceeded RMB200 billion, with equity-focused products contributing nearly RMB50 billion—a record high. Analysts attribute the trend to robust market performance and improved investor outreach.
AI Boom Fuels Demand for Tungsten, Copper, and Tantalum The AI revolution is reshaping metal demand: tungsten for PCB drills, copper for data centers, and tantalum for capacitors. Industry experts project sustained growth in these commodities.
Memory Chip Sector Rebounds on AI Infrastructure Demand Global storage stocks rallied November 24–25 as AI applications like Google’s Gemini 3.0 and Alibaba’s Qianwen reignited investor interest. The sector’s upcycle may extend through mid-2026.
Yunnan Aluminium to Acquire Stakes Worth RMB2.27 Billion Yunnan Aluminium (000807) plans to buy minority stakes in three subsidiaries from parent Yunnan Metallurgical Group, enhancing control over core aluminum assets.
Xinyaqiang’s Control Shifts to Handan SASAC Xinyaqiang (603155) announced Handan’s state-owned assets regulator will become its controlling shareholder after a 94.4 million-share transfer at undisclosed terms.
Gold Investment Risks Draw Regulatory Warnings Soaring gold prices have spurred scams, prompting alerts from Beijing, Shenzhen, and Xiamen authorities against fraudulent schemes.
80 New Mutual Funds Seek RMB210 Billion in Capital Eighty funds are currently fundraising, with ten targeting RMB8 billion each—mostly equity products—potentially injecting fresh liquidity into markets.
Lithium Battery Makers Operate at Full Capacity Firms like Guangzhou Great Power Energy report sold-out energy storage products, with prices rising H1 2025 levels, reflecting strong demand.
Electrolyte Prices Triple as Orders Book Through 2028 Electrolyte prices hit RMB54,250/ton (up from RMB19,400 in January), with key material LiPF6 surging to RMB160,500/ton. Major suppliers have secured long-term contracts extending to 2028.