Hong Kong tech and internet stocks continued to strengthen, with Beike (02423.HK) rising more than 8%, Baidu (09888.HK) and Alibaba (09988.HK) rising more than 5%, NetEase (09999.HK), Kuaishou (01024.HK) and JD.com (09618.HK) all rising more than 4%, and Alibaba Health (00241.HK), Tencent Holdings (00700.HK) and Meituan (03690.HK) all rising nearly 3%.

2025-08-25 10:33:10

JD Meituan NetEase Alibaba Tencent

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Musk: Tesla Autopilot V14 will be released next month.
                            2025-08-21

                                    Fitch: US economic activity is expected to remain at a subdued level of 1.5% in 2026 as policy uncertainty and high inflation will have a negative impact on consumer spending.
                            2025-08-23

                                    According to the Saudi Press Agency: A subsidiary of the Saudi Public Investment Fund (PIF) has launched an interactive artificial intelligence application in Arabic.
                            2025-08-26

                                    According to the Wall Street Journal: Bank of America has set aside $4 billion to develop new technologies such as artificial intelligence.
                            2025-08-20

                                    Southbound funds saw a significant net inflow of 7.461 billion yuan today. On the Shanghai-Hong Kong Stock Connect, Tencent Holdings and Xiaomi Group-W saw net inflows of HK$1.618 billion and HK$828 million, respectively. SMIC led the way in net sales, with HK$330 million. On the Shenzhen-Hong Kong Stock Connect, Meituan-W and Xiaomi Group-W saw net inflows of HK$602 million and HK$446 million, respectively. Tracker Fund of Asset Management led the way in net sales, with HK$825 million.
                            2025-08-21