Sou Hu Cai Jing·2025-09-01 03:25Group 1 - The Hong Kong stock market showed strength on September 1, with the Hang Seng Index and Hang Seng Tech Index both rising over 2% [1] - The Hong Kong technology sector performed strongly, with the consumption ETF (513230) rising 2.32%, driven by leading stocks like Alibaba, Smoore International, Midea Group, and Laopuhuang [1] - Alibaba's Q1 FY2026 earnings report revealed revenue of 247.65 billion yuan, a 10% year-over-year increase after excluding sold businesses, and a net profit of 42.38 billion yuan, up 76% year-over-year [1] Group 2 - Alibaba's executives stated that over the past four quarters, more than 100 billion yuan has been invested in AI infrastructure and product development [1] - Guotai Junan Securities noted that Alibaba's AI and cloud capital expenditure reached 38.6 billion yuan in a single quarter, with a three-year plan for 380 billion yuan to build AI infrastructure, driving demand for computing power [1] - Alibaba Cloud's revenue grew 26% year-over-year, marking a three-year high, with AI products experiencing triple-digit growth for eight consecutive quarters [1] Group 3 - The report highlights the resonance between hard technology and new consumption, focusing on the Hong Kong stock market's new consumption and technology ETFs [1] - The Hong Kong consumption ETF (513230) packages e-commerce and new consumption, covering relatively scarce new consumption sectors compared to A-shares [1] - The Hang Seng Tech Index ETF (513180) includes core AI assets in China, encompassing relatively scarce technology leaders compared to A-shares [1]