China Indexes Bounced Around Flatline, Alibaba Group In Focus

Li Chen
14 May, 2026
Hong Kong

China's stock market indexes bounced around the flatline, and investors awaited a diplomatic breakthrough between the U.S. and China. 

The Hang Seng Index increased 0.4%, and the mainland-focused CSI 300 Index decreased more than 1% as the leaders of the U.S. and China held a summit in Beijing. 

Tech stocks closed at record highs, as market sentiment rebounded over artificial intelligence infrastructure and applications. 

The Trump-Xi summit is expected to cover a wide range of topics, including tariffs and trade, AI, geopolitical tensions in the Persian Gulf, and Taiwan. 

However, investors are cautious about a possible breakthrough that could facilitate the reopening of the Strait of Hormuz. 

The price of Brent crude oil increased 0.5% to $106.11 a barrel as peace talks between Iran and the U.S. showed no signs of progress, and Gulf nations struggled to ship energy products.

 

China Indexes and Stocks 

The Hang Seng Index increased 0.4% to 26,498.59, and the mainland-focused CSI 300 Index declined 1.2% to 4,937.37. 

Alibaba Group Holding Ltd. jumped 4.6% to HK$139.00, and the company reiterated its commitment to invest in artificial intelligence infrastructure. 

Total revenue in the March quarter increased 2% from the previous quarter to 243.4 billion yuan, driven by a 38% annual revenue increase in cloud computing to 41.6 billion yuan. 

Net income attributable to shareholders soared 105% to 25.5 billion yuan from 12.4 billion yuan a year ago, largely reflecting changes in equity investment and losses linked to the sale of Sun Art and Intime, recorded in the previous year. 

Adjusted operating earnings plunged 84% from a year ago to 5.1 billion yuan. 

For its full fiscal year ending in March, total revenue advanced 3% to 1.02 trillion yuan, and net profit fell 18% to 105.9 billion yuan.

The company also proposed 13 U.S. cents of cash dividend per share, or $1.05 per American depository share, totaling $2.5 billion.

The company's core e-commerce revenue in the quarter decreased 1% to 96.3 billion yuan.