BABA(HK:09988) Mei Ri Jing Ji Xin Wen·2025-09-01 02:01Group 1 - Alibaba's stock price surged by 12.90% after the earnings report, reaching a new high since March 27, 2023, which positively influenced the Hong Kong market [1] - The Hong Kong market opened significantly higher, with the Hang Seng Index at 25,508 points, up 1.72%, and the Hang Seng Tech Index at 5,792 points, up 2.08% [1] - Alibaba's stock opened 14.95% higher in Hong Kong, trading at 133 HKD, driven by the impact of its earnings report [1] Group 2 - CICC's latest report highlighted Alibaba's increasing capital expenditure in cloud computing and accelerated revenue growth, with a target price of 147 HKD, up 35% from the previous target [1] - CITIC's report noted that Alibaba's investments in consumer platforms and AI are yielding results, setting target prices of 167 USD/ADR for US stocks and 172 HKD for Hong Kong stocks, maintaining a "Buy" rating [2] - Alibaba's market capitalization exceeded 2.6 trillion HKD, with the stock reaching a high of 137.5 HKD, reflecting an increase of over 18% [2] Group 3 - The surge in Alibaba's stock price stimulated a rally in the Hong Kong tech sector, with Baidu up over 4%, JD.com up over 2%, and other tech stocks also showing gains [4] - The semiconductor sector strengthened, with SMIC rising over 6% and Hua Hong Semiconductor up over 3% [4] - The Hang Seng Index reached a high of 25,580 points, up 2%, while the Hang Seng Tech Index peaked at 5,820 points, up 2.57% [6]