Core 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]

Core Viewpoint - Alibaba's stock price increased by over 3%, reaching HKD 152.3, with a trading volume of HKD 2.504 billion, indicating positive market sentiment towards the company [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 models without configuration adjustments [1] - The new subscription service offers promotional pricing for new users, with the first month allowing 18,000 requests for only HKD 7.9 and 90,000 requests for HKD 39.9, aimed at reducing costs for high-frequency users [1] Group 2: Industry Insights - According to CMB International, the investment logic for leading internet companies in mainland China, particularly in AI, has significantly strengthened, which is expected to aid in the valuation recovery of the Hong Kong tech sector [1] - Upcoming major models such as DeepSeek-V4, Alibaba's Qwen 3.5, Doubao 2.0, and Mini Max M2.2 are anticipated to act as catalysts for the next phase of growth in the industry [1]