ETF盘中资讯 先于谷歌，千问推出AI购物！港股AI短线回调，港股互联网ETF（513770）宽幅溢价，连日大举吸金逾11亿元

Core Viewpoint - The Hong Kong stock market is experiencing a short-term pullback in AI-related stocks, with major internet companies like Alibaba, Kuaishou, and Bilibili seeing declines, while the Hong Kong Internet ETF shows strong buying interest despite the downturn [1][3]. Group 1: Market Performance - As of the latest report, Alibaba-W, Kuaishou-W, and Bilibili-W have all dropped over 2%, while Tencent Holdings fell by more than 1% [1]. - The Hong Kong Internet ETF (513770) has seen a price drop of 1.55%, indicating a significant premium in the market, reflecting strong buying sentiment [1]. - Over the past 10 days, the Hong Kong Internet ETF has recorded net inflows of 1.116 billion yuan, with funds increasing on 9 out of those 10 days [1]. Group 2: AI Developments - Alibaba's Qianwen App has integrated with various services within the Alibaba ecosystem, enabling AI shopping functionalities such as food delivery and ticket booking, with over 100 million monthly active users achieved within two months of launch [3]. - Analysts suggest that Alibaba's AI initiatives are shifting towards an ecosystem competition, with expectations for major updates to AI models like Qwen3.5 and Qwen4 in 2026, enhancing AI application capabilities [3]. - According to Guotai Junan Securities, AI applications are expected to evolve from usable to highly effective by 2026, positioning them as a core theme in the AI industry [3]. Group 3: Investment Opportunities - The Hong Kong Internet ETF (513770) and its associated funds are designed to passively track the CSI Hong Kong Internet Index, which includes major players like Alibaba, Tencent, and Xiaomi, with the top ten stocks accounting for over 76% of the index [4]. - The latest fund size for the Hong Kong Internet ETF has reached a historical high of 14.899 billion yuan, with an average daily trading volume exceeding 600 million yuan since 2025 [6]. - For investors seeking to balance technology exposure with lower volatility, the Hong Kong Large Cap 30 ETF (520560) is highlighted as a suitable option, combining high-growth tech stocks with stable dividend-paying companies [6].