---
title: "Alibaba climbs 5% as Hong Kong tech stocks rally"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292006506.md"
description: "Alibaba-W rose 5% in Hong Kong trading. Tech sector rebounds with Hang Seng Tech Index up over 8% in seven sessions."
datetime: "2026-07-08T03:20:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292006506.md)
  - [en](https://longbridge.com/en/news/292006506.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292006506.md)
generator: "portal-rs"
---

# Alibaba climbs 5% as Hong Kong tech stocks rally

Alibaba-W (9988.HK) climbed **5%** during regular trading to **HKD 100.90**.

The move came as Hong Kong tech stocks rallied broadly, with Baidu and Xiaomi gaining more than **5%**, while Tencent Holdings and Bilibili rose **3%**. The Hang Seng Tech Index has rebounded more than **8%** over the past seven trading sessions, supported by net southbound fund inflows exceeding **HKD 6 billion** for four consecutive days.

Analysts attribute the strength to increased AI weighting driving passive fund inflows and valuations at historical lows, highlighting the sector's configuration value.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**