China’s Cyberspace Administration has issued new rules on livestream tipping, prohibiting platforms from offering tipping functions to children under the age of eight.

Alibaba Group’s fiscal 4Q quick-commerce losses likely narrowed, according to CGS International analysts. They estimate revenue in the segment rose about 40%, driven by higher order volumes, and expect it could turn profitable by FY2029. Meanwhile, cloud revenue growth likely accelerated on strong demand, though customer-management revenue may have missed estimates as Alibaba increased merchant rebates. CGSI trims FY2026–FY2028 EPS forecasts by 0.2%–2.2%, lowers its target price to HK$175 from HK$180, and maintains an “add” rating.

日本20年期国债收益率升至3.385%。