--- title: "Understanding the Market | Tech Stocks Rebound, MEITUAN Rises Over 5%" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/276553534.md" description: "Tech stocks have rebounded across the board. As of the time of writing, MEITUAN-W is up 5.14%, trading at HKD 84.9; JD Group-SW is up 3.56%, trading at HKD 107.5; Alibaba-W is up 2.65%, trading at HKD 151; KUAISHOU-W is up 2.63%, trading at HKD 68.25; TENCENT is up 2.01%, trading at HKD 532.5. In terms of news, Alibaba's cloud division announced the open-source release of the new generation Qwen 3.5-Plus large model, with its API priced as low as RMB 0.8 per million tokens. Bank of China International released a research report stating that the current AI market has not yet shown obvious signs of bubble formation, and AI investment is expected to enter the second half of the industrial trend by 2026. Open Source Securities indicated that they are focusing on the commercialization of AI and the expansion of application scenarios; with the continuous improvement of open-source model capabilities, demand for AI cloud is expected to continue to be validated, and AI applications are likely to drive sustained growth in inference demand. Domestic AI chips are growing rapidly, with Kunlun Chip officially starting the listing process in Hong Kong, recommending Alibaba-W, Pinduoduo, and Baidu Group-SW, with TENCENT being a beneficiary" datetime: "2026-02-23T01:46:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276553534.md) - [en](https://longbridge.com/en/news/276553534.md) - [zh-HK](https://longbridge.com/zh-HK/news/276553534.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/276553534.md) | [English](https://longbridge.com/en/news/276553534.md) # Understanding the Market | Tech Stocks Rebound, MEITUAN Rises Over 5% According to Zhitong Finance APP, technology stocks have rebounded across the board. As of the time of publication, MEITUAN-W (03690) rose by 5.14% to HKD 84.9; JD Group-SW (09618) rose by 3.56% to HKD 107.5; Alibaba-W (09988) rose by 2.65% to HKD 151; KUAISHOU-W (01024) rose by 2.63% to HKD 68.25; TENCENT (00700) rose by 2.01% to HKD 532.5. In terms of news, Alibaba's Alibaba Cloud announced the open-source new generation Qwen 3.5-Plus large model, with its API price as low as RMB 0.8 per million tokens. Bank of China International released a research report stating that the current AI market has not yet shown obvious signs of bubble formation, and AI investment is expected to enter the second half of the industrial trend by 2026. KongYuan Securities stated that it is focusing on the commercialization of AI and the expansion of application scenarios; with the continuous improvement of open-source model capabilities, the demand for AI cloud is expected to continue to be validated, and AI applications are expected to drive sustained growth in inference demand. Domestic AI chips are growing rapidly, and Kunlun Chip has officially initiated the listing process in Hong Kong, recommending Alibaba-W, Pinduoduo, and Baidu Group-SW, with TENCENT as a beneficiary target ### 相關股票 - [Alibaba (BABA.US)](https://longbridge.com/zh-HK/quote/BABA.US.md) - [MEITUAN (03690.HK)](https://longbridge.com/zh-HK/quote/03690.HK.md) - [TENCENT (00700.HK)](https://longbridge.com/zh-HK/quote/00700.HK.md) - [Tencent (TCEHY.US)](https://longbridge.com/zh-HK/quote/TCEHY.US.md) - [BIDU-SW (09888.HK)](https://longbridge.com/zh-HK/quote/09888.HK.md) - [JD-SW (09618.HK)](https://longbridge.com/zh-HK/quote/09618.HK.md) - [BABA-W (09988.HK)](https://longbridge.com/zh-HK/quote/09988.HK.md) - [KUAISHOU-W (01024.HK)](https://longbridge.com/zh-HK/quote/01024.HK.md) ## 相關資訊與研究 - [Alibaba Rises After Announcing AI Price Hike](https://longbridge.com/zh-HK/news/279558117.md) - [Alibaba's AI strategy shift comes into focus with big bets on agents](https://longbridge.com/zh-HK/news/279550043.md) - [Alibaba CEO takes helm of new AI-focused business group](https://longbridge.com/zh-HK/news/279254211.md) - [Alibaba: Goal Is To Surpass $100 Bln In Combined Cloud, AI External Revenue Over Next 5 Yrs - Conf Call](https://longbridge.com/zh-HK/news/279792744.md) - [CICC Keeps Their Buy Rating on Alibaba Group Holding Ltd. (9988)](https://longbridge.com/zh-HK/news/279537309.md)