$Alibaba(BABA.US) The financial report exceeded expectations, achieving the largest increase in nearly two years after the earnings release, with the stock price rising to a three-year high. Alibaba discussed the development of artificial intelligence (AI) during the analyst meeting, aiming for capital expenditures in cloud and AI infrastructure over the next three years to surpass the total of the past decade.

The market responded positively to Alibaba's vision. On Friday, Hong Kong stocks were driven by Alibaba's better-than-expected financial report, with the three major indices opening higher and then fluctuating upward, especially the Hang Seng Tech Index, which surged 4.69%, performing the best, while the Hang Seng Index and others rose by 2.93% and 2.91%, respectively, all hitting new highs for the period!

In addition to star tech stocks, DeepSeek's entry into the automotive sector has also attracted funding attention in the intelligent driving industry chain. Which sector will be your favorite? $SMIC(00981.HK)$TENCENT(00700.HK)$Direxion FTSE China Bear 3X(YANG.US)$Direxion FTSE China Bull 3X(YINN.US)$Vnet(VNET.US)$XIAOMI-W(01810.HK)