Mei Ri Jing Ji Xin Wen·2025-09-02 02:02Core Insights - Alibaba's financial report exceeded expectations, igniting enthusiasm in the Hong Kong internet sector [1] - The competitive landscape in the food delivery market is undergoing a reshuffle, with Alibaba emerging as a leader [1] Company Performance - Alibaba's instant retail business, launched in April with Taobao Flash Sale, showed strong growth, with instant retail revenue increasing by 12% year-on-year [1] - Daily peak order volume reached 120 million, with an average of 80 million orders on Sundays in August [1] - The synergy between flash sales and traditional e-commerce has boosted user traffic and engagement on Taobao [1] Market Trends - According to CMB International, Alibaba's market share in e-commerce has stabilized, with room for improvement in monetization rates [1] - The impact of flash sale investments on the e-commerce platform is expected to be minimal even if spending is reduced [1] - Alibaba Cloud continues to lead the industry in scale, driven by AI advancements [1] Investment Sentiment - Southbound capital has been active, with cumulative net purchases exceeding 990 billion yuan this year, reflecting strong investor confidence in the Hong Kong market [1] - The Hang Seng Internet ETF (513330) has also attracted significant capital, with over 1.2 billion yuan net inflow in the past five days [1]