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According to Jinshi News, Alibaba (BABA.N) rose 4.4% in pre-market trading, and JD (JD.O) rose 4.6% in pre-market trading.

According to Gate's market data, U.S. stocks opened with the Dow Jones Industrial Average down 0.74%, the S&P 500 down 0.47%, and the Nasdaq Composite down 0.44%. Popular Chinese concept stocks generally fell, with Bilibili (BILI.O) down over 5%, and both JD.com (JD.O) and Alibaba (BABA.N) down about 3%.

According to Caixin, on February 2, 2026, after a meeting of the Financial Affairs Committee, the President of the Hong Kong Monetary Authority, Eddie Yue, stated that a total of 36 institutions have submitted applications for stablecoin licenses, including banks, technology companies, brokerages, asset management companies, investment firms, e-commerce, payment institutions, and startup/web3 companies. Among them, Standard Chartered Bank (Hong Kong) is highly anticipated as it is one of the three major note-issuing banks in Hong Kong.Additionally, two sources indicated that JD Technology (Hong Kong), which was previously reported to have withdrawn from the competition for the first batch of stablecoin licenses, has not actually withdrawn its application for a stablecoin license. JD Technology (Hong Kong) is also one of the three main experimental entities in the stablecoin testing sandbox.

ChainCatcher news, according to Lianhe Zaobao, foreign media disclosed that informed sources said that Alibaba's Ant Group and tech giants like JD.com have suspended their plans to issue stablecoins in Hong Kong.It is reported that Ant Group stated in June this year that it would participate in the Hong Kong stablecoin pilot project, and JD.com also expressed its intention to join the pilot program. Hong Kong passed the "Hong Kong Stablecoin Regulation Draft" in May this year.This regulation officially came into effect on August 1. As of the end of September, a total of 36 institutions have submitted applications for stablecoin licenses.

ChainCatcher news, JD Technology Group has recently opened a recruitment position for planning on-chain activities for stablecoins. The main responsibilities include formulating and executing on-chain growth strategies for stablecoins, analyzing on-chain data to optimize market strategies, expanding cooperation with ecological partners such as DeFi protocols, DEX, and lending platforms, and planning and executing marketing activities. This position also requires leveraging Web3 industry resources to expand the coverage of activities and enhance brand influence.Job requirements include: over 3 years of experience in Web3 growth operations or blockchain marketing, with successful on-chain activity cases; deep involvement in the economic model design or growth activities of at least one DeFi protocol; familiarity with market growth strategies in the DeFi, PayFi, and trading platform ecosystems; proficiency in DEX, lending, derivatives protocols, and stablecoin application scenarios, as well as the ability to expand cooperation and communicate across departments.

ChainCatcher news, according to Jin10 reports, market rumors suggest that JD.com and others may withdraw from the Hong Kong stablecoin business. In response, JD Coin Chain, a subsidiary of JD.com, stated that it has noticed the false reports and rumors in the market, and JD Coin Chain hereby responds that it is preparing for the application of a Hong Kong stablecoin license.

ChainCatcher news, according to Caixin reports, sources close to applicants for Hong Kong stablecoin licenses have told Caixin that as regulatory details are finalized, the Hong Kong stablecoin craze will subside, especially for non-financial institution applicants whose main application scenario is cross-border payments. They may actively withdraw from participation in the early stages due to the difficulty of meeting regulatory requirements to "verify the identity of every token holder." This also means that early favorites like JD.com and Ant Group may find it challenging to appear on the first batch of license lists.In addition, CITIC Group, through its Hong Kong subsidiary, Xinyin International, has partnered with several institutions to apply for the first batch of stablecoin licenses. Industry insiders have stated that Bank of China Hong Kong is one of the three major note-issuing banks in Hong Kong, and if it issues stablecoins, it will have inherent advantages and can also reassure regulators in both regions.

ChainCatcher news, according to Ming Pao Finance, JD.com (9618) has reportedly registered the names "JCOIN" and "JOYCOIN" for its JD Coin Chain, with the market expecting these to be the names of its stablecoins. The registration details indicate that related services include electronic fund transfers and cryptocurrency financial transactions using blockchain technology.JD Coin Chain is one of the participants in the Monetary Authority's stablecoin issuer sandbox program and previously collaborated with Tianxing Bank last July to test a stablecoin-based corporate cross-border payment solution. According to public reports, as of early June this year, JD Coin Chain has tested the Hong Kong dollar stablecoin and deployed other fiat currency stablecoin experiments; its CEO Liu Peng stated last month that the second phase of testing will focus on three application scenarios: cross-border payments, investment transactions, and retail payments.

ChainCatcher news, Slow Mist founder Yu Xian tweeted that a user was robbed of 4.35 BTC due to purchasing a so-called "imToken secure cold hardware wallet" on JD.com, resulting in a loss of approximately 4 million yuan in assets.

ChainCatcher news, according to Caixin, more than 40 companies are currently preparing to apply for stablecoin licenses in Hong Kong, including JD Coin Chain, Standard Chartered-Anheuser-Busch HKT consortium, Yuan Coin Innovation, and Ant International, but the final number of licenses issued is expected to be in single digits, making the competition extremely fierce.Industry insiders point out that the applying institutions are mainly large Chinese financial institutions and internet companies, with some companies already actively recruiting blockchain talent.Experts believe that while stablecoins can improve the convenience of cross-border payments, their actual cost is close to 1%, and the disruptive impact on the international monetary system is exaggerated.

ChainCatcher news, according to Sina Finance, JD.com and Ant Group recently suggested to the People's Bank of China to approve the issuance of a stablecoin based on the renminbi. JD.com pointed out in closed-door discussions that there is an urgent need to promote the implementation of offshore renminbi stablecoins as a key tool for advancing the internationalization of the renminbi.Additionally, it is reported that Ant Group is preparing to apply for stablecoin-related licenses in Hong Kong and Singapore to make preliminary preparations for the issuance of offshore renminbi stablecoins.

ChainCatcher news, according to a Weibo post by a JD spokesperson, JD (09618.HK) issued a solemn statement regarding false information about JD's stablecoin products and business cooperation: We have recently noticed that certain companies have released information about collaborating with JD Coin Chain, which is misleading and has misled the industry and public opinion. Please be cautious and vigilant against "stock recommendation" scams to avoid financial losses.At the same time, we would like to remind the public again that JD Coin Chain Technology has not started issuing stablecoins and has not established any related communities. Currently, all information regarding obtaining JD stablecoins is suspected of fraud.

ChainCatcher news, according to a report by The Paper, JD responded to reporters regarding the topic of "planning to launch a stablecoin as early as the fourth quarter of this year," stating, "The relevant statement is accurate, but the earlier time point has a clear premise: the specific timeline depends on regulation. We expect to obtain a license in early fourth quarter of this year and simultaneously launch the JD stablecoin. The JD stablecoin will be issued on a public chain, and at that time, anyone can publicly access data such as the issuance volume."