---
title: "AH shares rose, with the Hang Seng Tech Index up nearly 3%, and Alibaba surged over 9%, driving computing power to take off"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229110212.md"
description: "A-share Alibaba Cloud concept stocks opened sharply higher, with Zhongheng Electric, Zhejiang University Network New, Data Port, and Runjian Co., Ltd. hitting the daily limit, Aofei Data rising over 10%, and Yimikang, Ruijie Networks, and Yakang Co., Ltd. also following suit"
datetime: "2025-02-21T08:24:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229110212.md)
  - [en](https://longbridge.com/en/news/229110212.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229110212.md)
---

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# AH shares rose, with the Hang Seng Tech Index up nearly 3%, and Alibaba surged over 9%, driving computing power to take off

On February 21st, Friday, AH shares rose, with the Hang Seng Index up nearly 3%.

As of the time of publication, the Shanghai Composite Index rose by 0.06%, the Shenzhen Component Index rose by 0.53%, and the ChiNext Index rose by 0.56%.

As of the time of publication, the Hang Seng Index rose by 2.04%, and the Hang Seng Tech Index rose by 2.94%.

【9:36】

Government bond futures opened, with the 30-year main contract down by 0.34%, the 10-year main contract down by 0.02%, the 5-year main contract up by 0.03%, and the 2-year main contract up by 0.05%.

## A-shares related to Alibaba Cloud opened sharply higher

Zhongheng Electric, Zhejiang University Network New, Data Port, and Runjian Co., Ltd. hit the daily limit, AoFei Data rose over 10%, and YiMiKang, Ruijie Networks, and Yakang Co., Ltd. also followed suit.

## Hong Kong stocks Alibaba rose over 9%

Alibaba announced financial results that exceeded expectations, with net profit increasing by 333% year-on-year. Alibaba CEO Eddie Wu stated that in the next three years, Alibaba will increase investment in three areas: AI and cloud computing infrastructure, AI foundational model platforms and AI-native applications, and AI transformation of existing businesses, with expected investment exceeding the total of the past ten years.

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