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Industrial Economy

*Singapore’s National AI Strategy (AISG) has abandoned the Meta model and shifted to Alibaba’s open-source Qwen architecture.

*National Space Administration issued a notice on the “Action Plan for Promoting High-Quality and Safe Development of the Commercial Space Industry (2025-2027)”.

Co Focus

*Alibaba announced its financial results for the second quarter of fiscal year 2026, reporting revenue of 247.8 billion yuan ($34.3 billion), up 4.8% y/y. The company’s two core growth engines, “AI + Cloud” and consumer businesses, continued to deliver strong performance this quarter.

*NIO released its Q3 2025 financial results, with Q4 revenue guidance projecting an increase of 66% to 73% y/y, reaching a record high.

Nov 25 Block Trade Info

*Discount

-Huafeng Test&Control (688200 CH) saw 12 block trades worth 203.78mn at 150.39yuan per share, 8.94pct discount from last closing.

-Cisen Pharma (603367 CH) saw 17 block trades worth 63.40mn at 16.84yuan per share, 10.81pct discount from last closing.

-YTO Express (600233 CH) saw 14 block trades worth 73.75mn at 16.19yuan per share, 5.98pct discount from last closing.

-Jiayuan Sci&Tech (301117 CH) saw 5 block trades worth 69.22mn at 38.00yuan per share, 21.11pct discount from last closing.

For more insights, please visit Orient Futures Singapore’s research platform, Finoview.

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