BABA(US:BABA) Mei Ri Jing Ji Xin Wen·2025-11-26 03:55Core Viewpoint - The Hong Kong stock market is experiencing a recovery, with major indices rising and the technology sector showing positive performance, particularly driven by Alibaba's recent quarterly earnings report [1] Group 1: Market Performance - The Hang Seng Technology Index increased by 0.6% and the CSI Hong Kong Stock Connect Internet Index rose by 0.2% as of 11:10 AM, indicating a general market recovery [1] - The overall sentiment in the market is improving, reflecting a positive shift in investor confidence [1] Group 2: Alibaba's Financial Performance - Alibaba's cloud revenue for the second fiscal quarter grew by 34% year-on-year, reaching a new high, showcasing significant growth momentum in its cloud business [1] - The company is focusing on strategic initiatives, stable e-commerce operations, and a clearer commercialization path for AI products, which are contributing to its positive financial outlook [1] Group 3: Industry Trends - The AI product revenue has shown continuous high growth over several quarters, highlighting the structural advantages of Hong Kong's technology platforms [1] - Factors such as the implementation of AI applications, the proliferation of models to end consumers, a rebound in enterprise-level computing demand, and the acceleration of digitalization in instant retail and local services are driving the fundamentals of the Hong Kong technology sector upward [1] - The overall technology sector in Hong Kong is considered relatively undervalued, providing a high margin of safety and reinforcing its medium to long-term investment value [1]