Mei Ri Jing Ji Xin Wen·2025-09-24 03:42Group 1 - The Hong Kong stock market showed a positive trend with the Hang Seng Technology Index rising over 1.5%, driven by significant gains in Alibaba, ASMPT, and others, while Tencent Music and Baidu led the declines [1] - Alibaba's CEO announced at the 2025 Yunqi Conference that large models are the next generation operating systems and AI cloud is the next generation of computing, with plans for substantial investment in AI infrastructure amounting to 380 billion [1] - By 2032, Alibaba Cloud's global data center energy consumption is expected to increase tenfold compared to 2022, indicating a significant exponential increase in computing power investment [1] Group 2 - Long-term prospects for the Hong Kong stock market include potential new highs driven by AI technology and new consumption trends, supported by continuous inflow of southbound funds [2] - The current low interest rate environment in China, combined with potential interest rate cuts in the US, may enhance liquidity and support further growth in the Hong Kong market [2] - Alibaba is the largest weighted stock in the Hang Seng Technology Index, with a weight of 8.79%, making it a key player for investors looking to gain exposure to core AI assets in China [2]