Alibaba's shareholding in Lionbridge Holdings has decreased from 18.77% to 16.97%

Alibaba Group Holding Limited $BABA Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in Alibaba Group by 36.4% in Q3, selling 5,373 shares. Alibaba's stock opened at $149.70, with a 1-year range of $80.06-$192.67. Analysts have set new price targets, with a consensus rating of "Moderate Buy" and an average target of $194.00. Positive sentiment surrounds Alibaba's interest in Nvidia H200 AI chips, boosting cloud margins and AI services revenue.

The total short selling in the Hong Kong stock market for the day was HKD 25.91 billion, accounting for 17% of the turnover of shortable stocks

The total short selling amount in the Hong Kong stock market for the day was HKD 25.91 billion, accounting for 17% of the turnover of shortable shares. The main shorted stocks included HSCEI ETF, Alibaba, Tencent Holdings Limited, Tracker Fund of Hong Kong, and Xiaomi Corporation, with short selling ratios of 31.2%, 15%, 14.6%, 16.2%, and 16.4%, respectively

In "Major Banks," China International Capital Corporation (CICC): The attractiveness of mainland online platform stocks has increased, with a core recommendation for Tencent and attention to Kuaishou and NetEase

CICC published a report stating that the attractiveness of mainland online platform stocks has increased, with a core recommendation for Tencent and a suggestion to pay attention to companies like Kuaishou and NetEase. The report believes that the overall valuation of the sector is within a reasonable range, with stable performance and significant AI potential. Most companies are valued at 15 to 20 times, and those with performance exceeding expectations in the future are likely to enjoy a dual increase in performance and valuation

Hong Kong stocks close｜Three major indices continue to rise, semiconductor and other technology sectors strengthen, China Duty Free leads the consumer sector

Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index, Technology Index, and National Enterprises Index all saw slight increases, continuing the positive market sentiment. The consumer and technology sectors performed well, with heavyweights like Alibaba and Tencent Holdings seeing active trading. Leading popular stock GP LOGISTICS rose by over 100%, driving market hotspots, and funds continued to concentrate on leading heavyweight companies