Zhi Tong Cai Jing·2026-02-24 01:05Core Viewpoint - Alibaba-W (09988) shares increased by over 3%, closing at 152.3 HKD with a trading volume of 2.504 billion HKD, driven by positive developments in its cloud services [1] Group 1: Company Developments - Alibaba Cloud announced the addition of four programming models to its Coding Plan subscription service, including Qwen3.5-Plus, Qwen3-Coder-Next, GLM-4.7, and Kimi-K2.5, allowing users to switch without configuration adjustments [1] - The new subscription service offers promotional pricing for new users, with the first month allowing 18,000 requests for only 7.9 CNY and 90,000 requests for 39.9 CNY, catering to a range of coding needs from basic to complex tasks [1] Group 2: Market Impact - According to China Merchants Securities International, the investment logic for leading internet companies in mainland China regarding AI has significantly strengthened, aiding in the valuation recovery of the Hong Kong tech sector [1] - Upcoming major models such as DeepSeek-V4, Alibaba Qwen 3.5, Doubao 2.0, and Mini Max M2.2 are expected to act as catalysts for the next phase of growth [1]