大厂AI入口争夺战升级，港股互联网ETF（513770）逆市涨逾1.5%日线3连阳，东方甄选绩后猛涨14%

Core Viewpoint - The Hong Kong stock market experienced fluctuations, with internet giants showing resilience, particularly Kuaishou and Xiaomi, which rose nearly 2%, while Oriental Selection surged 13% after its earnings report, indicating strong performance in the AI application sector [1][8]. Company Performance - Oriental Selection reported total revenue of 2.312 billion yuan for the six months ending November 30, 2025, representing a year-on-year increase of 5.7% [1][8]. - The gross profit for Oriental Selection was 842 million yuan, up 14.5% year-on-year, with a gross margin improvement to 36.4% [1][8]. - Notably, Oriental Selection turned a net loss of 96.5 million yuan in the same period last year into a net profit of 239 million yuan [1][8]. Market Trends - The Hong Kong internet ETF (513770) saw a price increase of 1.59%, marking three consecutive days of gains, with a net inflow of 1.392 billion yuan over the past 20 days [2][8]. - Major AI application companies, including Mifus and Reading Group, saw significant gains, reflecting a competitive landscape in the AI sector [1][8]. Industry Insights - The internet giants are engaged in an AI application traffic battle, with accelerated deployment expected by the end of 2025 and into 2026, as indicated by various industry analysts [4][11]. - Domestic large model manufacturers are enhancing user and revenue scales through frequent model iterations and overseas expansion, leveraging social activities during the Spring Festival to capture consumer AI entry points [11][12]. Investment Opportunities - The Hong Kong internet ETF (513770) and its linked funds are positioned to track the CSI Hong Kong Internet Index, with top-weighted stocks including Alibaba, Tencent, Xiaomi, and Kuaishou, collectively accounting for nearly 77% of the index [12][13]. - For investors seeking to balance technology exposure with lower volatility, the Hong Kong Large Cap 30 ETF (520560) is recommended, featuring a mix of high-growth tech stocks and stable dividend-paying companies [13].