BABA(US:BABA) Ge Long Hui·2025-11-17 06:25Group 1 - The Hang Seng Internet ETF has seen a decline of 1.6%, with a cumulative pullback of 13% from October 9 to the present [1] - Despite the market downturn, there has been significant net buying from southbound funds, with a net purchase of HKD 12.887 billion in a single day [1] - The ETF experienced a net inflow of HKD 1.039 billion on a day when it dropped 3%, making it the top performer among stock ETFs [1] Group 2 - Alibaba's new AI application "Qianwen" faced a surge in traffic on its first day of public testing, leading to trending topics on social media [1] - Major internet companies, including Tencent and Bilibili, reported Q3 earnings that exceeded market expectations, with Alibaba set to release its earnings on November 25 [1] - Despite concerns over the Federal Reserve's interest rate decisions and the "AI bubble" in the US stock market, analysts believe that Hong Kong stocks are undervalued and may see a rebound in Q4 [1] Group 3 - The Hang Seng Internet ETF has a market size of HKD 33.98 billion and includes major companies like Alibaba, Tencent, and Baidu, with over 90% AI content in its index [2]