Venture(US:VEMLY) Sou Hu Cai Jing·2025-11-26 07:37Market Overview - A-shares showed mixed performance with the Shanghai Composite Index down 0.15%, Shenzhen Component Index up 1.02%, and ChiNext Index up 2.14% [1] - Total trading volume in the Shanghai and Shenzhen markets reached 1.7833 trillion yuan [1] ETF Performance - Communication-related ETFs led the gains, with the top performers including Communication ETF up 5.61%, Communication Equipment ETF up 5.54%, and AI-related ETFs showing increases of over 5% [2] - The Aerospace ETF experienced the largest decline, down 2.62%, followed by other aerospace-related ETFs [4][5] Alibaba Financial Results - Alibaba reported a 34% year-on-year increase in cloud revenue for Q2 of fiscal year 2026, with AI-related product revenue growing for nine consecutive quarters [3] - Capital expenditure for the quarter was 31.5 billion yuan, with approximately 120 billion yuan spent on AI and cloud infrastructure over the past four quarters [3] - The investment in AI infrastructure is seen as a step towards the self-sufficiency of domestic computing power, indicating potential investment opportunities in this sector [3] ETF Market Activity - The Short-term Bond ETF had the highest trading volume at 23.5 billion yuan, followed by other ETFs such as Silver Hua Daily ETF and Convertible Bond ETF [6] - The Korean Semiconductor ETF had the highest turnover rate at 118% [6] Upcoming ETF Launches - Three new ETFs are set to launch, including A50 ETF, which tracks the CSI A50 Index, focusing on leading companies across various sectors [7] - Other ETFs launching include the China Hong Kong Stock Connect Dividend Low Volatility ETF, the Photovoltaic ETF, and the Hang Seng Biotechnology ETF, each targeting specific investment strategies and sectors [8]