HK Stock Market Move | BABA-W(09988) rose more than 3% during trading hours. Alibaba Cloud will increase prices for some MU model unit services.

BABA-W (09988) rose more than 3% during the day, and as of the time of writing, it rose 2.57% to 132 Hong Kong dollars, with a turnover of 30.83 billion Hong Kong dollars. On the news front, on April 15th, Alibaba's subsidiary Alibaba Cloud announced that in order to continue to ensure the stable supply of underlying hardware, improve platform operation and maintenance service quality, and respond to changes in computing power market costs, it will moderately adjust the service prices of some MU (Model Unit) model units. The affected product is the large model service platform Bailian, with price increases ranging from 2% to 7%. CITIC SEC previously pointed out that on March 18th, according to the Alibaba Cloud official website, due to the surge in global AI demand and rising prices in the supply chain, Alibaba Cloud AI computing power, storage and other products saw a maximum price increase of 34%. From UCloud's price increase to Alibaba Cloud's price increase, the firm believes that the cloud vendors' price hikes have shifted from being driven by earlier upstream cost increases to current demand inflation. The firm believes that with the new round of accelerated Token usage growth, coupled with the overall trend of rising cloud computing prices, the logic of industry volume and price increases is gradually coming true, and has strong sustainability.