Mei Ri Jing Ji Xin Wen·2025-09-01 02:47Group 1 - Alibaba reported Q2 2025 earnings with cloud business revenue of 33.398 billion yuan, a year-on-year increase of 26%, and AI-related revenue continues to grow at triple-digit rates, contributing over 20% to external commercialization revenue [1] - In Q2 2025, Alibaba's capital expenditure reached 38.6 billion yuan, a year-on-year increase of 220% and a quarter-on-quarter increase of 57.1%, marking a historical high for a single quarter [1] - Over the past four quarters, Alibaba has invested over 100 billion yuan in AI infrastructure and product development [1] Group 2 - Following positive catalysts, the Hong Kong Technology ETF (513020) rose over 1.5%, with a cumulative increase of over 48% this year according to Wind data [1] - The Hong Kong Technology ETF (513020) tracks the CSI Hong Kong Stock Connect Technology Index, covering leading technology stocks in internet, chips, smart vehicles, and pharmaceuticals, including Alibaba, Xiaomi, Tencent, Meituan, Lenovo, BYD, and SMIC, making it a quality target for investors looking to capitalize on the rebound in Hong Kong stocks [1]