Top-performing Hong Kong stocks this week | JETTAI Technology surged nearly 107% in its debut week; Jingxi International rose over 78% amid potential acquisition of its controlling stake by Luxshare Precision; Tianyue Advanced Materials gained more than 6

This week, the Hang Seng Index fell by a cumulative 1.63%, closing at 25,962.73 points; during the same period, the Hang Seng Tech Index dropped by a cumulative 3.17%, closing at 4,941.14 points; the H-share Index also declined by a cumulative 2.23% during the same period, closing at 8,691.03 points.

Futu NewsMay 16 10:15

AI concept stocks in the Hong Kong stock market performed strongly, with Alibaba's share price surging after its earnings release. 'Not a single card is empty!' Major tech companies are further accelerating their AI capital expenditures. Tencent and Aliba

①Tencent's capital expenditure in the first quarter was RMB 31.94 billion, a year-on-year increase of 16%; ②Wu Yongming stated that Alibaba’s substantial investment in AI data centers has a very certain return on investment; ③Huaxi Securities pointed out that the market pricing focus has shifted from单纯的capital expenditure expansion to a phase where order certainty, profit realization, cash flow pressure, and return on investment are becoming more sensitive factors.

cls.cnMay 14 09:19

Report: ByteDance plans to increase AI infrastructure spending by 25%.

Splashing over 200 billion yuan! ByteDance significantly increases its AI budget, doubling down on domestic chips and global infrastructure. Although the scale of investment still lags behind U.S. tech giants, China's AI sector is making strong headway within a unique collaborative ecosystem, with its robust catching-up momentum already causing deep concerns among Silicon Valley experts.

wallstreetcnMay 9 19:35

Express News | DeepSeek plans to raise up to 50 billion yuan and aims to launch the V4 model update in June.

BreakingsMay 8 19:45

DouBao, known for its aggressive cash-burning strategy, has started charging fees, marking the 'commercialization epoch year' for China's large-scale AI models.

DouBao, with 345 million monthly active users and an average daily consumption of 120 trillion tokens, is shifting its computing power costs to heavy users. According to Morgan Stanley estimates, under an optimistic scenario, DouBao’s annual subscription revenue could reach 1.5 billion US dollars. As the most aggressive subsidizer in China’s consumer-level AI sector, DouBao’s move sends a significant signal: the cultivation phase of Chinese consumers’ AI usage habits has largely been completed, and the industry is transitioning from user subsidies to commercial sustainability.

wallstreetcnMay 6 10:51

Hong Kong Stock Market Movement | Qunhe Technology (00068) surged over 20% in the afternoon session following a strategic cooperation agreement with Jin Yong Investment to establish venture capital funds related to spatial intelligence and AI.

Qunhe Technology (00068) surged over 20% in the closing session. As of press time, it had risen by 21.18%, trading at HKD 27.56, with a turnover of HKD 706 million.

Zhitong FinanceMay 4 15:35