Harbour Capital Advisors LLC Makes New $1.25 Million Investment in Alibaba Group Holding Limited $BABA

Harbour Capital Advisors LLC acquired a new stake in Alibaba Group Holding Limited (NYSE:BABA) during the third quarter, purchasing 6,900 shares valued at approximately $1.25 million. Other institutional investors also increased their positions in Alibaba. The stock opened at $147.37 on Friday, with a market cap of $351.65 billion. Analysts have given the stock a 'Moderate Buy' rating with an average target price of $194.00.

Net inflow of HKD 1.117 billion for Tencent through Stock Connect

The net inflow from the northbound capital to Tencent, Alibaba, and Changfei reached HKD 1.117 billion, HKD 1.049 billion, and HKD 175 million, respectively. The net outflow from China Mobile, Horizon Robotics, and SMIC reached HKD 1.053 billion, HKD 162 million, and HKD 77.88 million, respectively. The highest net inflow in the Hong Kong Stock Connect (Shanghai) was HKD 792 million to Tencent, while the highest net outflow was HKD 887 million from China Mobile. The highest net inflow in the Hong Kong Stock Connect (Shenzhen) was HKD 438 million to Alibaba, while the highest net outflow was HKD 166 million from China Mobile. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 75.413 billion, accounting for 34.09% of the total market transaction amount

Globally renowned technology analyst Dan Ives: The most enticing opportunities in AI lie in the robotics sector, with Alibaba, Tencent, and Baidu being the most promising

Globally renowned technology analyst Dan Ives stated at the "Alpha Summit" that China's biggest investment opportunity lies in the robotics sector, particularly in humanoid robots. He is most optimistic about Alibaba, Baidu, and Tencent's performance in China's AI ecosystem

The Hang Seng Index rose by 192 points, surpassing the 10-day moving average. Pharmaceutical stocks strengthened, and experts expect short-term narrow fluctuations｜Hong Kong stock market closing

The Hang Seng Index rose by 192 points, breaking above the 10-day moving average, with trading volume rebounding to HKD 221.186 billion. Hong Kong stocks are expected to fluctuate narrowly between 25,000 and 26,000 points in the short term. Pharmaceutical stocks strengthened, with JD HEALTH and INNOVENT BIO showing significant gains. Technology stocks rose slightly, with Alibaba and Tencent performing well. Resource sectors, such as gold stocks, showed weak performance. The Bank of Japan raised interest rates, leading to a general rise in Asia-Pacific stock markets

Alibaba's stake in Red Star Macalline H shares has decreased to 4.55%