Understanding the Market | Alibaba-W rose over 6% in early trading, and CXMT's market value once exceeded 4 trillion, with Alibaba's floating profit exceeding 170 billion yuan
Complete. Here is the key summaryAlibaba-W rose over 6% in early trading, and as of the time of writing, it is up 5.55%, priced at HKD 118, with a transaction volume of HKD 9.129 billion. On the news front, on July 31, Changxin Technology's market value briefly surpassed HKD 4 trillion. It is reported that after Changxin Technology successfully went public and issued 10% new shares, Alibaba's shareholding ratio was diluted to approximately 4.48%, but it remains the largest industrial investor in Changxin Technology. Based on its investment of about HKD 7.6 billion, the floating profit exceeds HKD 170 billion. In addition, Alibaba released Qwen 3.8-Max-Preview this month, and Haitong International believes that Qwen 3.8 is an important step for Alibaba to demonstrate its strength amid recent model iterations from various manufacturers, reducing the forecast for losses in the takeaway business and raising the profit margin forecast for the cloud business
According to Zhitong Finance APP, Alibaba-W (09988) rose over 6% in early trading, and as of the time of publication, it was up 5.55%, priced at HKD 118, with a transaction volume of HKD 9.129 billion.
In terms of news, on July 31, the market value of CXMT briefly surpassed HKD 4 trillion. It is reported that after CXMT successfully went public and issued 10% new shares, Alibaba's shareholding ratio was diluted to approximately 4.48%, but it remains the largest industrial investor in CXMT. Based on its investment of approximately HKD 7.6 billion, the floating profit exceeds HKD 170 billion.
In addition, Alibaba released Qwen 3.8-Max-Preview this month. Haitong International believes that Qwen 3.8 is an important step for Alibaba to demonstrate its strength amid the recent iterations of models from various manufacturers, reducing the forecast for losses in the takeaway business and raising the profit margin forecast for its cloud business