What a way to end the week! 🔥
Hang Seng Tech Index $HSTECH(HSTECH)$ closes up 6.5%... in one day! $KraneShares CSI China Internet ETF(KWEB)$ $KraneShares Hang Seng TECH Index ETF(KTEC)$ $Direxion Daily CSI China Internet Index Bull 2x Shares(CWEB)$
Alibaba's $BABA-W(09988)$ superb 3Q results yesterday carried this market for sure. It wasn't that they were doing so well in the quarter. But it was that their Cloud Intelligence business is finally breaking out and, with the arrival and propagation of DeepSeek, is going to be powering the company's growth going forward. Tons of investments to be made by the company here to capitalize, which we want to see them do with their massive FCF.
Today is a day for the books. And it looks like there's still more room left in this current move up given the momentum. We have yet to hear from $Tencent Holding Ltd.(TCEHY)$ $PDD Holdings Inc(PDD)$ - two giants of China tech.
Look at these moves!
$BABA-W(09988)$ +14.3%
$Lenovo Group Ltd.(LNVGY)$ +14.9%
$BILIBILI-W(09626)$ +16.1%
$KUAISHOU TECHNOLOGY(KUASF)$ +7.1%
$Tencent Holding Ltd.(TCEHY)$ +6.0%
$LI AUTO-W(02015)$ +6.8%
$XPENG-W(09868)$ +5.4%
$JD-SW(09618)$ +5.1%
$Xiaomi Corp.(XIACF)$ +4.9%
$Baidu(BIDU)$ +4.7%
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