Mei Ri Jing Ji Xin Wen·2025-09-24 03:56Group 1 - Hong Kong's three major indices opened lower but rebounded, driven by Alibaba's significant rise, with the Hang Seng Tech Index increasing over 1.5% [1] - Alibaba's stock surged over 7% during the trading session, leading gains among major holdings in the Hang Seng Tech Index ETF [1] - Alibaba Group'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 [1] Group 2 - Domestic internet giants are launching cloud overseas strategies, with Alibaba Cloud accelerating the creation of a global cloud computing network covering multiple regions [2] - The report highlights the dual breakthroughs in underlying models and cloud computing technology, indicating a significant commercial opportunity in the overseas cloud computing market [2] - Alibaba is currently the largest weighted stock in the Hang Seng Tech Index, with a weight of 8.79%, making it a key player for investors looking to access core AI assets in China [2]