Mei Ri Jing Ji Xin Wen·2025-11-13 07:01Group 1 - The Hang Seng Tech Index turned positive, with Alibaba's stock rising over 2% after a morning dip of nearly 2% [1] - Alibaba has secretly launched the "Qianwen" project, creating a personal AI assistant app named Qianwen, which directly competes with ChatGPT [1] - The largest ETF tracking the Hang Seng Tech Index saw gains, with leading stocks including Huahong, SMIC, Baidu, Alibaba, and BYD [1] Group 2 - Southbound funds recorded a net purchase of HKD 4.286 billion on November 12, with Xiaomi, Xpeng Motors, and Pop Mart leading in net inflows [1] - Alibaba, Huahong, and SMIC faced significant net outflows, with Alibaba seeing a net sell of HKD 3.434 billion [1] - Huaxi Securities noted that funds are temporarily avoiding tech stocks, particularly Alibaba, due to concerns over performance impacted by competition in the food delivery sector [1] Group 3 - Goldman Sachs believes that the valuations of Tencent and Alibaba remain low compared to global peers, emphasizing Tencent as a key AI application stock [2] - Alibaba possesses unique full-stack AI capabilities, integrating AI cloud services with everyday consumer scenarios [2]