--- title: "Alibaba and Tencent are competing to lay out AI video! Alibaba's stock price rebounds, and the Hang Seng Internet ETF ChinaAMC (513330) fluctuates upward" type: "News" locale: "en" url: "https://longbridge.com/en/news/282288332.md" description: "On April 10th, Alibaba's stock price rose over 2% due to positive news about AI, and the Hang Seng Internet ETF ChinaAMC (513330) also experienced a volatile rebound. Alibaba's upcoming AI video large model HappyHorse performed excellently in industry evaluations, leading its competitors. Tencent is also accelerating its AI layout, developing an AIGC content platform called \"DreamNow,\" and plans to release Hunyuan 3.0 this month. Investors can diversify their holdings through the Hang Seng Internet ETF ChinaAMC, which includes major internet giants like Alibaba and Tencent" datetime: "2026-04-10T03:28:17.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282288332.md) - [en](https://longbridge.com/en/news/282288332.md) - [zh-HK](https://longbridge.com/zh-HK/news/282288332.md) --- # Alibaba and Tencent are competing to lay out AI video! Alibaba's stock price rebounds, and the Hang Seng Internet ETF ChinaAMC (513330) fluctuates upward On April 10th, driven by favorable AI catalysts, Alibaba's stock price rose over 2%, and the Hang Seng Internet ETF ChinaAMC (513330) experienced a volatile rebound. **In terms of news, a technologically advanced AI video model—HappyHorse—is set to be released to the public in a week.** This model was developed by the AI Innovation Division under Alibaba's ATH Business Group and led by Zhang Di, the former Vice President of Kuaishou and head of Keling Technology. It is reported that HappyHorse-1.0 has demonstrated an absolute leading advantage in industry evaluations—strongly topping the charts with an Elo score of 1332, nearly 60 points ahead of the second-place Dreamina Seedance 2.0. **Another domestic internet giant, Tencent, is also accelerating its AI layout.** Tencent is developing an AIGC content platform named "DreamNow," positioned as a community for the creation and interaction of AI images and AI videos. Tencent's Hunyuan 3.0 is also planned for release this month and is currently in internal testing, reportedly showing significant improvements in multiple dimensions such as complex reasoning, long memory, long text, multi-turn questioning, and agent capabilities. Previously, Tencent Holdings' president publicly stated that Tencent's investment in AI and model fields would at least double by 2026. **The AI arms race among domestic internet giants is heating up, and the land-grabbing phase can be easily grasped and diversified through industry-themed ETFs.** Pay attention to the largest ETF tracking the Hang Seng Internet Technology Industry Index—the Hang Seng Internet ETF ChinaAMC (513330.SH), which is listed on the Shanghai Stock Exchange and supports T+0 intraday trading. The Hang Seng Internet ETF ChinaAMC (513330.SH) holds a basket of internet giants including Tencent Holdings, Alibaba, Meituan, NetEase, JD.com, and Baidu, accounting for nearly 70% of the total, with a minimum investment of only a few dozen yuan, making it suitable for mainland investors without access to Hong Kong Stock Connect or Hong Kong stock accounts. Daily Economic News ### Related Stocks - [513330.CN](https://longbridge.com/en/quote/513330.CN.md) - [09988.HK](https://longbridge.com/en/quote/09988.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) ## Related News & Research - [Cranium AI Acquires Aiceberg to Strengthen its End-to-End AI Security, Governance and Agentic AI Platform](https://longbridge.com/en/news/287239841.md) - [WHITE HOUSE POSTPONES AI EO SIGNING CEREMONY: AXIOS](https://longbridge.com/en/news/287246865.md) - [How Beaten-Down Tempus AI Stock Offers a Lottery Ticket for Traders Here](https://longbridge.com/en/news/286786866.md) - [Neurovia AI CTO at ISNR: Solving the AI Data Cost Dilemma and Unleashing Infrastructure Capacity | AIIO Stock News](https://longbridge.com/en/news/287049307.md) - [AI video is moving beyond clip slop](https://longbridge.com/en/news/287247597.md)