STANCHART (02888.HK) -0.700 (-0.493%) Short selling $2.86M; Ratio 1.228% and BABA-W (09988.HK) +1.200 (+1.037%) Short selling $662.20M; Ratio 7.482% (BABA.US) formally clinched a strategic cooperation memorandum (MOU) today (29th). Leveraging Alibaba Cloud's artificial intelligence (AI) technology, both parties will collaborate to accelerate the deep integration of financial services and AI technology.Alibaba Cloud, as a strategic partner in the AI field, will facilitate STANCHART in enhancing operational efficiency and customer experience, pursuant to the MOU. STANCHART will further enhance its industry competitiveness through Alibaba Cloud's AI technology and solutions. Related NewsUBS: HSBC HOLDINGS (00005.HK) Reported PBT Beats w/ Strong Handling Fee IncomeThe plan includes developing AI-driven customer service and sales recommendations, automating AI risk management and compliance processes, and fortifying its team's AI skills through workshops and certification collaborations.This cooperation will also further support Alibaba's global strategic development. STANCHART will provide a range of comprehensive and customized services to meet Alibaba's business needs, including financial and supply chain financing support, cross-border fund management solutions, and deepen cooperation in financial markets. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-01 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)