BABA(US:BABA) Ge Long Hui·2025-11-18 04:13Core Insights - The three major indices declined, but Chinese concept stocks showed resilience, particularly Alibaba, which announced its entry into the AI to C market with the launch of the "Qianwen" project [1][2] - The Chinese Internet ETF (513220) experienced a net inflow of 44.81 million yuan over two days, marking a year-to-date increase of over 78.81% in its shares, making it the only passive index fund in its category to show positive growth this year [1] Company Performance - Alibaba's stock rose by 2.54%, and its AI and cloud capital expenditure reached a record high of 38.6 billion yuan for the first quarter of the 2026 fiscal year, with cloud revenue growth accelerating to 26%, the highest in three years [1] - Tencent reported a 15% year-on-year increase in total revenue for Q3, reaching 192.9 billion yuan, driven by strong growth in gaming revenue, leading to an upward revision of revenue forecasts for 2025-2027 by 3% to 5% [2] Industry Trends - Major internet companies like Tencent, ByteDance, and Baidu are accelerating their investments in the AI sector, indicating a competitive landscape [2] - The Chinese Internet ETF tracks the global Chinese Internet index, selecting 30 large-cap internet companies, with the top ten holdings accounting for over 85% of the index [2]