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Hong Kong and China stock markets are unlikely to see a significant liquidity boost from global funds in 2026 unless China makes another DeepSeek-like tech breakthrough, the analyst says. Any concerns about a U.S. AI bubble could negatively impact sentiment toward Chinese AI names, he adds. Among Chinese large-cap names, Daiwa thinks Tencent and Alibaba are well-positioned to benefit from AI adoption. The brokerage also likes Baidu given its strong AI-native revenue streams, including robust growth in cloud services. 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Group Holding Ltd. ADR Falls Wednesday, Still Outperforms Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2592459946","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2592459946?lang=en_us&edition=fundamental","pubTime":"2025-12-18 06:20","pubTimestamp":1766010000,"startTime":"0","endTime":"0","summary":"This article was automatically generated by MarketWatch using technology from Automated Insights.The Alibaba Group Holding Ltd. ADR  slid 1.47% to $147.09 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index  falling 1.81% to 22,693.32 and Dow Jones Industrial Average  falling 0.47% to 47,885.97.This was the ADR's fifth consecutive day of losses.Alibaba Group Holding Ltd. ADR closed 23.66% below its 52-week high of $192.67, which the company reached on October 2nd.The ADR demonstrated a mixed performance when compared to some of its competitors Wednesday, as Bed Bath & Beyond Inc.  fell 4.02% to $6.20, Rakuten Group Inc. ADR  fell 0.83% to $6.01, and eBay Inc.  rose 1.27% to $82.71.Trading volume  remained 6.3 million below its 50-day average volume of 14.3 M.Data source: Dow Jones Market Data, FactSet. Data compiled December 17, 2025.This content was created by MarketWatch, which is operated by Dow Jones & Co. 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Alibaba-W (09988.HK) plunged over 4% intraday before closing down 2.96%, 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