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Hong Kong market quick view | All three major indices rose, with the Technology Index up nearly 2%; Network Technology stocks surged, with NetEase increasing over 4% and Alibaba rising over 3%; new Consumer stocks performed excellently, with Mixue Group a
Several Network Technology stocks rose, with NTES-S increasing by 4.56% and Alibaba rising by 3.13%; Alcoholic Beverages stocks generally went up, with PALINDA GROUP dropping by 9.52% and CHINA RES BEER increasing by 4.10%; Sporting Goods stocks surged, with POU SHENG INT'L rising by 4.35% and XTEP INT'L increasing by 4.03%.
Hong Kong stocks are moving │ WEIMOB INC surged over 10%, Tencent introduced 10 measures to help foreign trade enterprises expand domestic and international markets.
On April 17th, Gelonghui reported that WEIMOB INC (2013.HK) surged in the afternoon, rising over 10% to HKD 1.73. In terms of news, Tencent launched the 'New Journey for Foreign Trade Support Program,' which provides ten measures such as a green channel for opening stores, new business incentives, traffic support, and rate discounts to help foreign trade enterprises expand their domestic and international markets. It is expected to create an additional sales scale of 100 billion for foreign trade enterprises through commercial ecosystems such as mini-programs, WeChat mini-stores, and digital offline stores.
Under the Deepseek effect, Goldman Sachs puts cold water on the Datacenter boom: the Global Datacenter utilization rate has reached its peak.
From the release of DeepSeek, which is a low-cost competitor to ChatGPT, to Microsoft scaling back its Global AI Datacenter projects, and Alibaba Director Zhang Yong warning about a bubble in USA AI infrastructure investments, multiple warning signals are flashing: the boom in AI Datacenters may soon be facing a cool down.
In "The Big Banks", Bank of China International listed the active trading stocks for "Southbound Capital" this year (table).
China International Bank published a report listing the list of actively-traded stocks for 'southbound funds' this year (as of April 9, 2025): Stock │ Total Trading (HKD) │ Net Buy (Buy - Sell) Trading (HKD) Alibaba-W (09988.HK) │ 474.414 billion HKD │ 87.274 billion HKD Tencent (00700.HK) │ 601.852 billion HKD │ 57.08 billion HKD China Mobile (00941.HK) │ 113.811 billion HKD │ 20.384 billion HKD Xiaomi-W (01810.
Hong Kong stocks move | WEIMOB INC (02013) rose more than 9% during the session, Deutsche Bank stated that AI and WeChat shops provide long-term significant opportunities for the company.
WEIMOB INC (02013) rose more than 9% during the day, and as of the time of writing, it has increased by 6%, priced at 1.59 HKD, with a transaction amount of 0.165 billion HKD.
E-commerce stocks are slightly weak, JD.com (09618) fell by 3.63% as the USA announced to triple the tax amount on small packages from mainland China and Hong Kong.
Jinwu Financial News | E-commerce stocks are soft, JD.com (09618) falls by 3.63%, Alibaba (09988) drops by 2.24%, WEIMOB INC (02013) declines by 1.36%, and Meituan (03690) decreases by 0.85%. The White House in the USA announced on Tuesday (April 8) local time that it will increase the tariffs on small packages from mainland China and Hong Kong from 30% to 90%, effective May 2. The reason given is that the Chinese government has implemented retaliatory tariffs, and the related measures are deemed necessary and appropriate to effectively address threats to USA National Security and the economy.