Mei Ri Jing Ji Xin Wen·2025-09-12 01:58Group 1 - The takeaway from the news is that the competition in the food delivery sector has intensified since April, with major players like Alibaba, Meituan, and JD.com entering the market, leading to increased concerns about profitability among Hong Kong internet giants due to the impact of subsidy wars [1] - As of September 11, Alibaba has seen net purchases from southbound funds for 15 consecutive trading days, totaling HKD 37.143 billion, indicating strong investor interest despite the competitive pressures [1] - The second quarter results show that the food delivery subsidy wars have significantly impacted the retail sector, while other segments such as technology hardware, software services, and biomedicine continue to report high growth [1] Group 2 - The launch of the Hong Kong Stock Connect Technology ETF (159101) provides investors with a convenient tool to invest in the Hong Kong technology sector, tracking the National Index of Hong Kong Stock Connect Technology [2] - The ETF includes 30 large-cap technology companies with high R&D investment and revenue growth, focusing on major players like Alibaba, Xiaomi, Tencent, Meituan, BYD, SMIC, and BeiGene, with the top ten constituents accounting for 77% of the fund [2] - Other related ETFs include the Hang Seng Technology Index ETF (513180) and the Hang Seng Internet ETF (513330), which focus on the entire technology supply chain and internet leaders, respectively [3]