上线23天，用户突破4亿！阿里关键业务有重大进展，股价创下4年多新高

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index down by 0.87%, while certain sectors like utilities and coal showed gains, indicating mixed market sentiment [1]. Group 1: Stock Performance - The Hang Seng Index fell by 0.87%, the Hang Seng China Enterprises Index dropped by 1.03%, and the Hang Seng Tech Index decreased by 1.44% [1]. - Technology stocks in Hong Kong saw a mixed performance, with SMIC down by 0.5% and Tencent down by 0.44%, while Alibaba reached a four-year high, increasing by 0.33% [3]. - Alibaba's stock price hit a recent high of 183.7 HKD per share, with a market capitalization of approximately 3.5 trillion HKD [4]. Group 2: Analyst Insights - Morgan Stanley raised Alibaba's target price in Hong Kong by nearly 45% to 240 HKD per share by the end of 2026, based on improved cloud business prospects and synergies between AI and e-commerce [8]. - Alibaba's stock rose by 53% in September, making it the best performer among Hang Seng Index constituents, driven by increased investor sentiment following its AI investment announcements [8]. Group 3: Company Developments - Alibaba is actively involved in all aspects of generative AI, which is expected to enhance merchant operational efficiency [9]. - Alibaba's Gaode Map launched a new service to support offline consumption, with a significant increase in user engagement and order volume in the local dining sector [9]. Group 4: Market Trends - The Hong Kong stock market is expected to maintain its upward trend, supported by strong demand for quality targets like AI, and a favorable external environment [16]. - In September, foreign capital inflows into the Chinese stock market reached 4.6 billion USD, the highest monthly figure since November 2024, indicating renewed interest from international investors [16].