--- 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) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/229110212.md) | [繁體中文](https://longbridge.com/zh-HK/news/229110212.md) # 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. ### Related Stocks - [Alibaba Group Holding Limited (BABA.US)](https://longbridge.com/en/quote/BABA.US.md) - [BABA-W (09988.HK)](https://longbridge.com/en/quote/09988.HK.md) - [HSTECH ETF (03032.HK)](https://longbridge.com/en/quote/03032.HK.md) - [CSOP HS TECH (03033.HK)](https://longbridge.com/en/quote/03033.HK.md) - [SSE Index (000001.CN)](https://longbridge.com/en/quote/000001.CN.md) - [ChiNext (399006.CN)](https://longbridge.com/en/quote/399006.CN.md) - [RJWL (301165.CN)](https://longbridge.com/en/quote/301165.CN.md) - [INSIGMA (600797.CN)](https://longbridge.com/en/quote/600797.CN.md) - [AtHub (603881.CN)](https://longbridge.com/en/quote/603881.CN.md) - [RJGF (002929.CN)](https://longbridge.com/en/quote/002929.CN.md) - [GUANGDONG AOFEI DATA TECHNOLOGY (300738.CN)](https://longbridge.com/en/quote/300738.CN.md) - [Asiacom (301085.CN)](https://longbridge.com/en/quote/301085.CN.md) - [Hang Seng Index (00HSI.HK)](https://longbridge.com/en/quote/00HSI.HK.md) - [YMK (300249.CN)](https://longbridge.com/en/quote/300249.CN.md) - [Huatai-PB CSOP Hang Seng Technology ETF(QDII) (513130.CN)](https://longbridge.com/en/quote/513130.CN.md) - [ISHARESHSI (03115.HK)](https://longbridge.com/en/quote/03115.HK.md) - [Hang Seng TECH Index (STECH.HK)](https://longbridge.com/en/quote/STECH.HK.md) - [Shenzhen Index (399001.CN)](https://longbridge.com/en/quote/399001.CN.md) - [ZHONHEN (002364.CN)](https://longbridge.com/en/quote/002364.CN.md) ## Related News & Research - [Evanson Asset Management LLC Purchases Shares of 5,080 Alibaba Group Holding Limited $BABA](https://longbridge.com/en/news/280440745.md) - [Alibaba develops next-gen chip for agentic AI, Chinese media says](https://longbridge.com/en/news/280250679.md) - [5 Simple ETFs to Buy With $1,000 and Hold for a Lifetime](https://longbridge.com/en/news/281345615.md) - [BUZZ-Rosenblatt says finding partner for Snap's smart glasses unit tough](https://longbridge.com/en/news/281357569.md) - [BUZZ-Street View: Nike's turnaround remains work in progress](https://longbridge.com/en/news/281331333.md)