Alibaba (09988.HK) reported quarterly results for the period ended June 30, 2026. AI cloud and compute services revenue was RMB 48.437 bln. Total revenue and external-customer revenue both accelerated to 45% YoY. AI-related product revenue reached RMB 12.376 bln, marking a twelfth consecutive quarter of triple-digit YoY growth. Company cited rising adoption of its full-stack AI capabilities — AI agents, models, AI cloud infrastructure and orchestration software for heterogeneous chip clusters, i

Israeli forces carried out raids across the West Bank and Jerusalem on the 19th, detaining at least 31 Palestinians, Palestinian sources said. Among those arrested was Palestinian Authority Jerusalem affairs minister Ashraf al-Awar, seized at his home in the Silwan neighborhood south of the Al-Aqsa Mosque in the Old City. Al-Awar was barred from entering the West Bank in January, the PA said, calling the arrest the latest in a series of restrictions on Palestinian officials in Jerusalem. The Israeli military had not commented.

CITIC Securities says the China baijiu sector is undergoing a valuation recovery after a deep 1H sell-off driven by sentiment and fund flows; July-to-date the sector is up 13.8% versus the CSI 300 INDEX +0.7%. The broker sees fundamentals stabilizing: wholesale prices have steadied under inventory controls, sell-through is marginally recovering from a low base, and inventories have started to decline. Since August demand for consumption occasions such as graduation/banquets has improved month-on-month, which may ease channel pessimism ahead of the Mid-Autumn peak selling season. CITIC recommends buying on dips, favoring leading liquor producers.