Alibaba - Asia Tech Wire

Alibaba

2025.02.03

22:32

Popular Chinese stocks fell across the board, with the Nasdaq China Golden Dragon Index falling 2.19%

16:11

Hang Seng Index closed down 0.04% on the first trading day of the Year of the Snake; SMIC rose more than 10%

On the first trading day of the Year of the Snake, the Hang Seng Index closed down 0.04%, while the Hang Seng Technology Index rose 0.29%. AI concept stocks strengthened, with Alibaba up more than 6%, SMIC up more than 10%, and Kingsoft Cloud up more than 31%, hitting a record high. The sharp drop in cryptocurrencies dragged down related sectors, with Xiong'an Technology and OKEx Cloud Chain down more than 9%, and Xinhuo Technology Holdings down nearly 4%.

10:14

Hang Seng Tech Index falls 3%

The Hang Seng Technology Index fell by 3%. Dongfangzhenxuan and JD Health fell by more than 9%, Bilibili and Li Auto fell by more than 8%. Kingsoft Cloud rose by more than 22% against the market trend, and Alibaba and SMIC rose by more than 3%.

10:12

The Hang Seng Tech Index's decline widened to 3%, while Alibaba (09988.HK) and SMIC (00981.HK) narrowed their gains.

09:24

Hong Kong stocks open: Hang Seng Index fell 0.87%

Hong Kong stocks opened: Hang Seng Index fell 0.87%, Alibaba opened up 4.8%, and Xiaomi Group opened up 1.57%.

09:23

When the Hong Kong stock market opened, the Hang Seng Index opened down 0.87%, the Tech Index opened down 0.51%, Alibaba (09988.HK) opened up 4.8%, and Xiaomi Group (01810.HK) opened up 1.57%.

2025.01.29

22:31

U.S. stock market opens: the three major indexes open lower, ASML rises more than 6%

At the opening of the US stock market, the Dow Jones Industrial Average fell 0.01%, the S&P 500 fell 0.12%, and the Nasdaq fell 0.18%. ASML rose more than 6%, with fourth-quarter orders exceeding expectations. Alibaba's Qwen2.5-Max was officially released, continuing to rise 3%. Nvidia fell more than 2%.

21:58

The Norwegian Government Global Pension Fund’s positions in Chinese Internet and technology companies have increased significantly

The Norwegian Government Global Pension Fund announced its investment returns as of the end of 2024. In 2024, the Norwegian Government Pension Fund Global’s stock investment return was 18%. The market value of the Norwegian Government Global Pension Fund's holdings in Chinese Internet and technology companies has increased significantly, and the market value of its holdings in stocks of Tencent, Alibaba, Xiaomi and other companies has increased particularly significantly.

17:08

Alibaba's US stock price continued to rise by more than 1% before the market opened

Alibaba's US stocks continued to rise by more than 1% in pre-market trading. Qwen2.5-Max was officially released, surpassing GPT-4o and DeepSeek-V3.

16:02

Alibaba Qwen2.5-Max officially released, surpassing GPT-4o and DeepSeek-V3

According to Tongyi's official microblog, Qwen2.5-Max was officially released on January 29. Qwen2.5-Max has demonstrated world-leading model performance in mainstream authoritative benchmarks such as knowledge (MMLU-Pro for testing university-level knowledge), programming (LiveCodeBench), comprehensive assessment of comprehensive capabilities (LiveBench), and human preference alignment (Arena-Hard). The Tongyi team evaluated the performance of the instruction model version and base model version of Qwen2.5-Max respectively. The instruction model is the model version that everyone can directly experience through dialogue. In benchmarks such as Arena-Hard, LiveBench, LiveCodeBench, GPQA-Diamond and MMLU-Pro, Qwen2.5-Max is on par with Claude-3.5-Sonnet, and almost completely surpasses GPT-4o, DeepSeek-V3 and Llama-3.1-405B.

2025.01.28

17:34

Alibaba (09988.HK) spent US$4.1727 million to repurchase 371,900 shares on January 27, 2025.

17:28

Alibaba: On January 27, it spent US$4.1727 million to repurchase 371,900 shares

Alibaba announced that it spent US$4.1727 million to repurchase 371,900 shares on January 27, 2025, with a repurchase price of US$11.16-11.25 per share.

2025.01.27

18:36

Alibaba (09988.HK): On January 24, it spent US$9.98 million to repurchase 907,200 shares on the New York Stock Exchange.

09:47

The Hang Seng Technology Index rose more than 2% during the day, SenseTime (00020.HK) rose more than 7%, Kingdee International (00268.HK) rose more than 5.5%, Baidu (09888.HK) rose more than 5%, Alibaba (09988.HK), Kuaishou (01024.HK), and NIO (09866.HK) all rose more than 3%.

09:41

The Hang Seng Index of Hong Kong stocks rose more than 1% during the day, the Hang Seng Tech Index rose more than 1.5% during the day, Baidu (09888.HK) rose more than 4.5%, Longfor Group (00960.HK) rose nearly 4%, Kuaishou (01024.HK) and Alibaba (09988.HK) both rose more than 3%.

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