B[Almost all of the top 30 Chinese concept stocks by market capitalization rose, with Li Auto and Pony.com up more than 6%.] On October 9, most Chinese concept stocks listed on the US stock market rose. Among the top 30 Chinese concept stocks by market value, only Max Intelligent and Shengmei Semiconductor fell, and the other 28 stocks all rose. In terms of individual stocks, Li Auto rose 6.83%, Pony.ai rose 6.77%, Futu Holdings rose 5.41%, Tencent Music rose 5.16%, Miniso rose 5.02%, Bilibili rose 4.78%, Alibaba rose 4.27%, and NetEase rose 4.16%. B[Hang Seng Technology Index closed down 1.1% and the optical communications sector rebounded] On September 29, Hong Kong’s Hang Seng Index closed down 0.48% to 24523.57 points, and the Hang Seng Technology Index closed down 1.08% to 4249.62 points. The optical communications sector rebounded, with YOFC Optical Fiber and Cable rising by over 7%, Cambridge Technology rising by 5%, and Zhongji InnoLight rising by over 3%. Heavyweight technology stocks fell collectively, with Tencent and Meituan falling about 2%, and Alibaba falling more than 1%. Automobile stocks fell, with NIO down 5%, Xpeng Group down 4%, and WeRide down nearly 3%. A[While the overall U.S. stock market fell, most Chinese concept stocks rose, NetEase rose more than 5%] September 28th, while the overall U.S. stock market weakened during the session, most Chinese concept stocks listed in the U.S. rose, with the Nasdaq China Golden Dragon Index rising 0.6%. Among the popular Chinese concept stocks, NetEase rose 5.03%, Zai Lab rose 4.28%, Pony.ai rose 3.63%, Beike rose 3.25%, BOSS Zhipin rose 3.01%, Huazhu Group rose 2.65%, Li Auto rose 2.19%, and Bilibili rose 1.85%. Alibaba fell 0.59%, Baidu fell 1.15%, and Xpeng Motors fell 1.14%. Among the top 30 popular Chinese concept stocks by market capitalization, 21 rose and 9 fell. B[Hong Kong’s Hang Seng Index closed down 1.01% and the Hang Seng Technology Index fell 1.33%] On September 23, Hong Kong’s Hang Seng Index closed down 1.01% and the Hang Seng Technology Index fell 1.33%. Large model concept stocks fell, Zhipu fell by more than 12%, and MINIMAX-W fell by nearly 4%; large technology and Internet stocks generally fell, with Alibaba falling by more than 4%, Xiaomi Group falling by more than 3%, and Tencent Holdings falling by more than 2%. PCB concept stocks strengthened, with Kingboard Laminated Board rising by over 11%, Kingboard Group rising by over 5%, and Shenghong Technology rising by over 3%; Chinese real estate stocks rose, with Ronshine China rising by over 22%, and Vanke rising by 4%. A[Selected evening news on September 22]
1. During his investigation in Shanghai, Li Qiang emphasized that we should accelerate the cultivation and expansion of emerging industries and future industries, and continue to expand and strengthen advanced manufacturing.
2. Alibaba stated that it will fully invest in the construction of AI infrastructure, with the goal of exceeding 20GW of global data centers operated by Alibaba Cloud by 2032.
3. The media under the Ministry of Industry and Information Technology issued an article saying that the "de-Ningdeization" argument is inappropriate. It is normal market behavior for car companies to adjust their supply chains, add suppliers, and deploy self-research.
4. Meta’s consumer-grade AI smartphone Muse, launched in early September, has topped the list of free iPhone app downloads in the United States for three consecutive days since reaching the top last week, triggering the market’s optimistic expectations for CPU demand brought about by the popularity of smartphones.
5. Saudi Arabia has restarted its east-west oil pipeline and is preparing to resume crude oil exports from Yanbu Port later on Tuesday, trade sources said.
6. Senior Iranian officials said that Iran can reopen the Strait of Hormuz within 7 days if the United States reduces military pressure and lifts the naval blockade on Iran.
7. Company news: ① Xingyun Technology: Signed a 453 million yuan computing power service procurement contract. ② Baiwei Storage: It plans to invest 4.5 billion yuan to build the third phase of the wafer-level advanced packaging and testing manufacturing project. ③CICC: 7.3219 million A-shares have effectively declared objections to the stock-swap merger and merger, and trading will resume tomorrow. ④Sichuan University Zhisheng: A case was filed by the China Securities Regulatory Commission for suspected violations of information disclosure laws and regulations. B[Alibaba CEO Wu Yongming: In the future, the total amount of machine thinking will be more than 1,000 times that of humans] On September 22, at the 2026 Hangzhou Yunqi Conference, Alibaba Group CEO Wu Yongming delivered his latest speech, explaining his thoughts on the "machine intelligence" era. He believes that machines are becoming the main force of thinking, and intelligence is becoming a large-scale commodity. In the future, the total amount of thinking by machines will reach more than 1,000 times that of humans. Wu Yongming said that AI models, AI chips and AI cloud are the three cornerstones of the machine intelligence era, and Alibaba will firmly invest in the construction of these three infrastructures. This is Alibaba's long-term strategic choice. B[Tsai Chongxin: AI is continuing to move from technological breakthroughs to value creation. Alibaba continues to increase the construction of full-stack AI systems] "Science and Technology Innovation Board Daily" reported on the 22nd that at the 2026 Yunqi Conference, Alibaba Group Chairman Tsai Chongxin said that AI development has entered a new stage and is continuing to shift from cutting-edge technology breakthroughs to large-scale value creation in real scenarios. At present, AI has deeply empowered core areas such as autonomous driving, embodied intelligence, and world models, effectively empowering thousands of industries and improving industrial productivity.
He revealed that Alibaba is continuing to resolutely increase the construction of its full-stack AI system and build a five-layer collaborative and complete architecture covering chips, cloud models, model services, and agent applications. This system can form a complete closed loop from underlying technology research and development to global industrial implementation, effectively promote the rapid transformation of various AI technology achievements into real industry progress, and help the deep integration of artificial intelligence into the real economy. (Kechuangban Daily reporter Huang Xinyi)
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