Xin Lang Cai Jing·2025-04-30 02:15Core Viewpoint - The article highlights the strong performance of Hong Kong internet stocks, driven by advancements in AI technology and significant revenue growth from major companies like Tencent and Alibaba [2][3]. Group 1: Market Performance - On April 30, 2025, the Hang Seng Index opened slightly higher by 0.21%, with the internet sector showing stronger performance, particularly the Hong Kong internet ETF (513770), which rose over 1% [1]. - The CSI Hong Kong Internet Index has seen a cumulative increase of over 33% since the start of the current market rally, significantly outperforming the Hang Seng Index [3]. Group 2: AI Developments - Alibaba recently launched its new open-source model Qwen3, which is now recognized as the strongest open-source model globally, while Tencent has restructured its AI development framework to enhance its capabilities [2]. - AI has become a key driver of revenue growth for internet companies, with Tencent reporting double-digit revenue growth in Q4 2024, attributed to AI-enhanced advertising and user engagement [2]. Group 3: Investment Insights - The Hong Kong internet ETF (513770) is positioned as an effective investment tool, tracking the CSI Hong Kong Internet Index and benefiting from strong liquidity and daily trading volume averaging 714 million yuan [3]. - The ongoing advancements in AI technology present significant growth opportunities for leading internet companies, which are expected to further enhance productivity and profitability in the long term [2].