The Hang Seng Tech Index rose over 1%, while the Hang Seng Index rose nearly 1%. Among the index's constituent stocks, Baidu (09888.HK) rose over 3%, JD.com (09618.HK) rose over 2%, and Alibaba (09988.HK) rose over 1%.

2025-09-03 09:50:11

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Weekly Highlights

                                    Jefferies: Raised Alibaba (BABA.N) price target from $150.00 to $165.00.
                            2025-09-01

                                    The statement showed that Alibaba and Bosch announced the deepening of their strategic partnership.
                            2025-09-02

                                    Challenger Gray, a US employment consulting firm, reports that pharmaceutical companies announced plans to lay off 19,112 employees in August, bringing the total to 22,433. This represents a 142% increase compared to the 9,254 layoffs reported in the same period last year. The industry is facing increasing competition from patent expirations and is refocusing on higher-margin products. Many companies are also implementing artificial intelligence, which is leading to restructuring and job losses.
                            2025-09-04

                                    NIO (NIO.N) had revenue of 19.01 billion yuan in Q2 2025, compared with 17.45 billion yuan in the same period last year.
                            2025-09-02

                                    According to CNBC: Apple (AAPL.O) CEO Tim Cook arrived at the White House.
                            2025-09-05