BABA(HK:09988) Xin Lang Cai Jing·2025-04-30 02:41Core Insights - The Hong Kong Internet ETF (159568) has shown a significant increase of 35.70% in net value over the past year, ranking 131 out of 2770 index equity funds, placing it in the top 4.73% [5] - Alibaba's Qwen3, released on April 29, 2025, is recognized as the world's strongest open-source large model, outperforming competitors like DeepSeek-R1 and OpenAI o1, particularly excelling in the Agent domain [4][6] - The valuation of the Hong Kong Internet ETF, tracking the CSI Hong Kong Internet Index, is currently at a low price-to-earnings ratio (PE-TTM) of 22.35, indicating it is below 86.04% of its historical valuation over the past year [6] Performance Metrics - The Hong Kong Internet ETF has a maximum monthly return of 30.31% since inception, with the longest consecutive monthly gain being 3 months and a maximum gain of 24.85% [5] - The ETF has a Sharpe ratio of 1.63 over the past year, indicating a favorable risk-adjusted return [5] - The ETF's management fee is 0.50% and the custody fee is 0.10%, which are among the lowest in comparable funds [5] Market Activity - As of April 29, 2025, the Hong Kong Internet ETF has seen an average daily trading volume of 1.97 billion yuan over the past month, indicating active market participation [5] - The ETF's turnover rate during trading was 17.05%, with a total transaction value of 59.92 million yuan on the day [5] Industry Impact - Alibaba's open-source initiative has released over 200 models with a global download count exceeding 300 million, establishing Qwen as the largest open-source model family [4] - The release of Qwen3 is expected to accelerate the commercialization of AI applications, showcasing the strong influence of Chinese tech companies in the global open-source AI ecosystem [4]