Xin Lang Ji Jin·2025-09-24 06:05Core Viewpoint - The Hong Kong stock market is experiencing a strong performance in AI-related stocks, with notable gains from Alibaba, Kuaishou, Tencent, Meituan, and Bilibili, indicating a growing interest in AI investments [1][4]. Group 1: Stock Performance - Alibaba-W shares increased by over 7%, reaching a new high since October 2021 [1]. - Kuaishou-W shares rose by over 4%, while Tencent, Meituan, and Bilibili shares saw gains of over 1% [1]. - The Hong Kong Internet ETF (513770) saw a price increase of over 2%, with a trading volume exceeding 400 million HKD [2][3]. Group 2: AI Infrastructure and Investments - Alibaba's CEO announced a significant investment of 380 billion HKD in AI infrastructure, with plans for further investments [3]. - The energy consumption of Alibaba Cloud's global data centers is expected to increase tenfold by 2032, indicating a substantial boost in computing power [3]. - Alibaba has released over 300 open-source models under its Tongyi Qianwen initiative, with downloads surpassing 600 million [4]. Group 3: Market Trends and Capital Inflows - Southbound funds have continuously net bought Alibaba shares for 23 trading days, totaling 621.16 billion HKD, reflecting strong demand for AI core assets [4]. - The Hong Kong stock market is benefiting from a favorable liquidity environment, with ongoing inflows from southbound funds [4]. - The Hong Kong Internet ETF has outperformed the Hang Seng Tech Index by over 15 percentage points this year, highlighting its strong performance [5][6]. Group 4: Index Performance - The Hong Kong Internet ETF's latest scale has surpassed 11 billion HKD, marking a historical high, with an average daily trading volume of nearly 600 million HKD [6]. - The CSI Hong Kong Internet Index has shown significant annual performance variations, with a notable increase of 49.99% this year [7].