Ge Long Hui·2025-09-25 12:40Group 1: Investment Trends - Significant net purchases were observed for Alibaba-W (4.632 billion), Tencent Holdings (1.111 billion), and SMIC (0.958 billion) among others, while Xiaomi Group-W experienced a net sell-off of 0.802 billion [1][4] - Southbound funds have continuously net bought Alibaba for 25 days, totaling 69.38589 billion HKD, and have net bought SMIC for 5 days, totaling 2.56019 billion HKD [4] Group 2: Company Insights - Alibaba is positioning itself as a full-stack AI service provider, with increased infrastructure investments, which is expected to enhance its commercial value and company valuation [5] - SMIC is benefiting from increased demand for storage chips, driven by Nvidia's AI investments and Micron's unexpected net outflows, indicating a positive outlook for the semiconductor equipment sector [5] - Kuaishou-W's stockholding by JPMorgan increased from 5.24% to 5.43%, and Goldman Sachs predicts AI-related revenue for Kuaishou to reach 154 million USD in FY2025, maintaining a "buy" rating [6] - Horizon Robotics has established a strategic partnership with Chery Automobile, marking a significant collaboration in automotive intelligence [6]