According to the Zhongtong Finance APP, SaaS concept stocks have seen the highest increase. As of the time of writing, Douyaba (01753) has risen by 82.40%, reaching HKD 0.42; Xinnyu Technology (09600) has risen by 16.09%, reaching HKD 1.01; and Yidu Tech (02158) has risen by 4.46%, reaching HKD 3.98.
It is reported that SaaS refers to software operation services. Currently, China's SaaS industry is in a period of rapid growth with vast potential. According to previous research data from Huaxi Securities, the scale of China's SaaS service market in 2021 was 32.26 billion yuan, a year-on-year growth of 37.3%. It is estimated that by 2023, the scale of China's SaaS service market will reach 55.51 billion yuan, a year-on-year growth of 29.7%.
TF Securities pointed out that the acceleration of domestic and digitalization efforts by state-owned enterprises has significantly opened up demand space. If the overall demand of private enterprises recovers, domestic SaaS is expected to enter a golden demand cycle.

SaaS stands for Software as a Service, which refers to the provision of software operation services.

Hong Kong Stock Market News | SaaS Concept Stocks Lead the Gains, Institutions Believe Domestic SaaS Will Enter a Golden Demand Cycle