Group 1: Market Activity - Southbound funds net bought Hong Kong stocks worth 12.887 billion HKD on November 14, with notable purchases in Alibaba (2.257 billion), Tencent (2.168 billion), and SMIC (0.804 billion) [1] - The net selling included the Tracker Fund of Hong Kong (6.227 billion), China Life (0.261 billion), and Pop Mart (0.236 billion) [1] Group 2: Stock Performance - Alibaba's stock decreased by 4.4% with a net buy of 1.327 billion HKD, while Tencent's stock fell by 2.3% with a net buy of 1.071 billion HKD [3] - SMIC reported a revenue of 17.162 billion CNY for Q3, a 9.9% year-on-year increase, and a net profit of 1.517 billion CNY, up 43.1% [6] Group 3: Company Developments - Alibaba has secretly launched the "Qianwen" project to develop a personal AI assistant app, competing directly with ChatGPT, and announced price reductions for its AI model services [5] - Tencent maintains a positive outlook, with a target price increase from 735 HKD to 751 HKD, driven by strong growth in high-margin businesses and strategic AI talent recruitment [6] - XPeng Motors' stock has more than doubled year-to-date, with anticipated growth driven by AI initiatives, including Robotaxi and humanoid robots, expected to contribute significantly by 2026-2027 [7]