Mei Ri Jing Ji Xin Wen·2025-11-11 05:05Group 1 - The Hang Seng Index slightly declined by 0.20% to 26,595.97 points, with the Hang Seng Tech Index down 0.25% and the Hang Seng China Enterprises Index down 0.32%, while the market's half-day turnover was HKD 118.31 billion [1] - Notable stock movements included Xpeng Motors rising by 15.11%, Baidu Group increasing by 3.34%, and Kingdee International up by 1.61%. Conversely, Tencent Music fell by 2.35%, Alibaba by 2.33%, and JD Group by 2.09% [1] - Guotai Junan Securities reported that after a prolonged adjustment, the valuation of the Hong Kong internet sector has entered an attractive range, with the latest PE ratio of the Hang Seng Internet Technology Index at 21.73 times, which is at the 16.67% historical low over the past decade [1] Group 2 - The core narrative of the Hong Kong internet sector is undergoing a fundamental shift from user growth and business models to a new growth curve driven by "AI empowerment" [1] - Recent industry developments, such as Alibaba's establishment of a "Robotics and Embodied AI Group" and Tencent's mixed Yuan image model ranking first in global blind tests, indicate that AI is moving from concept to practical application, potentially reshaping the market value of internet giants [2] - The Hang Seng Internet ETF (513330) supports T+0 trading and focuses on the platform economy, covering major internet leaders like Alibaba, JD, Tencent, Meituan, Kuaishou, and Baidu, making it a good tool for investors to allocate to AI application and "AI + Internet" core assets [2]