2 1 Shi Ji Jing Ji Bao Dao·2025-09-01 03:19Group 1 - Alibaba-W shares surged over 17% on September 1, with other Hong Kong stocks in the pharmaceutical, internet, and chip sectors also rising, including WuXi AppTec and BYD Electronics [1] - The Hong Kong Technology 50 ETF (159750) increased by 1.83%, with a real-time transaction volume of 71.52 million CNY and a net subscription of 11 million units during the morning session [2][10] - The top three weighted stocks in the Hong Kong Technology 50 ETF are Tencent Holdings, Alibaba-W, and Xiaomi Group, accounting for over 30% of the index [2][3] Group 2 - Alibaba is developing a new AI chip that is currently in the testing phase, aimed at broader AI inference tasks and compatible with NVIDIA's architecture [4] - Alibaba's Q1 FY2026 financial report showed revenue of 247.65 billion CNY, a 10% year-on-year increase after excluding sold businesses, and a net profit of 42.38 billion CNY, up 76% year-on-year [5] - The company invested 38.6 billion CNY in AI and cloud infrastructure during the quarter, a 220% increase year-on-year, with AI applications driving a 26% increase in Alibaba Cloud revenue, the highest growth in three years [5] Group 3 - Southbound funds have significantly increased, with a net purchase of 112.16 billion HKD in August, bringing the total net inflow for the year to 978.998 billion HKD, surpassing last year's total [6] - Foreign capital is also entering the Chinese market rapidly, with hedge funds buying Chinese stocks at the fastest pace since June [6] - Several institutions are optimistic about the Hong Kong stock market's future performance, expecting a rebound driven by domestic growth policies and the AI industry [7] Group 4 - The CSI Hong Kong Technology Index has increased nearly 33% year-to-date, while the Hang Seng Technology Index has risen by 27% [8] - The CSI Hong Kong Technology Index focuses on large-cap technology companies with high R&D investment and revenue growth, providing a balanced industry distribution [9]