Alibaba + Baidu join hands to launch national version of Apple AI! Tencent’s latest financial quarter results have positive outlook: News from major Internet companies

Alibaba + Baidu join hands to launch national version of Apple AI! Tencent’s latest financial quarter results have positive outlook: News from major Internet companies.

Pre-market news from July 15th to July 16th, the main developments of major domestic and foreign Internet companies include: (

1) Important announcements/policy documents/industry trends: On July 15, Netcom China’s official account released an announcement announcing the registered information on 7 mobile terminal-side generative artificial intelligence services. Among them, the "Apple Smart" large model of Apple Technology Development (Shanghai) Co., Ltd.

has been registered on July 8, 2026. The applicable scenario is Apple mobile phones, which means that the AI functions of the National Bank version of Apple mobile phones are expected to be accelerated. It is understood that the partners of this AI function include Alibaba Qianwen and Baidu Search.

Previously on July 14, Huawei Honor also revealed that it would cooperate with Alibaba on the next generation of terminal operating systems. (

2) Dynamics of major domestic Internet companies: ①Tencent Cloud announced on July 15 that it will charge for overuse of cloud database MySQL storage space starting from August 1; ② Tencent’s Hunyuan large model Hy3 has been online for one week, and the total number of calls has increased by more than 68 times compared with the previous generation model (Hy2).

Continuing the growth trend of the Hy3 preview version, Hy3 shows a higher growth slope; ③According to news from Qianwen Big Model on July 15, Alibaba released the real-time voice interaction dialogue model Qwen-Audio-3.0-Realtime, which was simultaneously upgraded on four main lines: IQ, Agent tool invocation, empathic dialogue and duplex interaction fluency.

(

3) Institutional perspective: Tencent’s latest financial quarter performance outlook Guosheng Securities is optimistic that Tencent Hy3's large model capabilities are comparable to international flagships, with outstanding performance in intelligent agents and long contexts, open source + low-price strategy to accelerate ecological expansion, and remarkable results in internal application verification.

Non-GAAP net profit CAGR is expected to reach 12.1% from 2026 to 2028, and the current valuation has room for repair. (

4) Mapping of major overseas Internet companies: ①3M and Microsoft announced a strategic cooperation to promote AI data center infrastructure and enterprise transformation; ② Anthropic is seeking to meet with investors ahead of a potential large-scale IPO, preparing to join the wave of listings driven by the artificial intelligence boom.

③ Most of the stock prices of large U.S. cloud vendors rose overnight, and the differentiation with semiconductor hardware converged. (

5) Internet Major Index: Tencent Holdings, Alibaba-W, NetEase, Meituan-W, Xiaomi Group-W, JD Group-SW, Baidu Group-SW, and Kuaishou-W are all heavyweight stocks in the Hang Seng Internet Technology Index and are also holdings of the Hang Seng Internet ETF China (513330.SH), with the latest total position being 83%.

The Hang Seng Internet Technology Index also has the highest AI content in the Hong Kong stock market (up to 95%). As of July 16, the latest valuation of the Hang Seng Internet Technology Index (PE-TTM) is 21.8 times, which is at the 19.81% quantile in the past ten years.

The current valuation has not yet reflected the high-growth logic of AI by Internet giants. In addition, the Fed’s interest rate hike expectations have cooled, which is expected to alleviate the valuation suppression of the Hong Kong stock technology sector. OTC investors can also invest in China Hang Seng Internet ETF Link C (013172.OF) at low prices. (

#Stocks #Apple #Microsoft #AI #Semiconductors