Group 1 - Alibaba's Ele.me has officially rebranded to "Taobao Flash Purchase," aiming to integrate deeper into Alibaba's "big consumption platform" strategy to unlock greater value [1] - The "takeout war" has impacted profitability across Alibaba, Meituan, and JD.com, leading to stock price adjustments [1] - JD.com's adjusted net profit for Q3 was 5.8 billion yuan, a 56% year-on-year decrease; Meituan reported a record net loss of 16 billion yuan, compared to a net profit of 12.8 billion yuan in the same period last year; Alibaba's net profit was 21 billion yuan, down 52% year-on-year, with a non-GAAP profit of 10.4 billion yuan, a 72% decrease [1] Group 2 - Alibaba is transitioning from "takeout subsidies" to embrace the "AI era," covering the entire chain from computing power to application ecosystems [2] - Alibaba's Qwen model has surpassed Meta's Llama, becoming the world's leading open-source model family; plans are underway to integrate various life scenarios into the Qwen app [2] - Alibaba's semiconductor design unit, Tianshu, has developed an AU chip comparable to Nvidia's H20 GPU; the company aims for a long-term goal of advancing towards "super artificial intelligence" (ASI) [2] - Alibaba holds a significant weight of 17.62% in the Hong Kong Stock Connect Technology Index, making it a key stock in the tech sector [2]

港股通科技ETF基金（159101.SZ）跟踪国证港股通科技指数，与恒生科技指数相比，龙头权重更集 中。 其中，阿里巴巴、美团在"放缓投入大额补贴"上暂时达成一致，这有助于港股通科技指数从"外卖烧 钱"模式，转向"AI应用"商业化增长逻辑；具体看AI算力基建、模型和应用，以及生态布局，阿里巴 巴、腾讯控股、小米集团均有涉猎。 其中，阿里巴巴AI相关产品收入连续八个季度实现三位数增长，其控股的半导体设计部门平头哥开发 出了一款AU芯片，功能与英伟达的H20图形处理单元（GPU）相当；最新还发布了开源AI模型千问、 AI眼镜夸克；小米布局了智能家居、手机数码、新能源车、机器人业务；腾讯则在第三季度财报电话 会上，首次系统披露微信AI化战略蓝图，明确表示"微信最终会推出一个AI智能体"。 每日经济新闻 未来基本面改善，盈利预期上修叠加估值修复将驱动港股中长期上行，呈现慢牛趋势。 华夏基金数量投资部表示：港股边际利好因素已在累积，当前珍惜左侧布局机会： 1）以AI为代表的中国科技业蓬勃发展，不断取得创新突破；2）"十五五"规划增量产业政策有望带来预 期改善、提振风险偏好；3）未来基本面改善，盈利预期上修叠加估值修复将 ...