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Home > Latest

Hong Kong tech stocks continue to rise, with Alibaba surging more than 17%.

date
04/09/2025
As of the time of submission, Alibaba-W rose by 17.03%, Ali Health rose by 4.40%, Baidu Group-SW rose by 3.75%, and JD Group-SW rose by 3.23%.
Latest
2 m ago
As of September 3, the SPDR Gold Trust reported that its holdings decreased by 0.64%, or 6.30 tons, to 984.26 tons.
6 m ago
Credo Technology rose over 6% after hours, with the company announcing its performance for the first quarter of the 2026 fiscal year: revenue of $2.231 billion, a 274% increase year-on-year and a 31% increase quarter-on-quarter; adjusted net profit of $98.3 million; GAAP gross profit margin of 67.4% and non-GAAP gross profit margin of 67.6%. Looking ahead to the second quarter of 2026, the company expects revenue to be between $2.3 billion and $2.4 billion; GAAP gross profit margin is expected to be between 63.5% and 65.5% and non-GAAP gross profit margin is expected to be between 64.0% and 66.0%.
13 m ago
The FTSE A50 futures index fell by 0.10% in overnight trading, closing at 14781 points.
14 m ago
GitLab announced a strong financial performance for the second quarter of the 2026 fiscal year, with Q2 revenue reaching 2.36 billion US dollars, a year-on-year increase of 29%. The non-GAAP operating profit margin was 17%. It is expected that the revenue for the 2026 fiscal year will be between 9.36 billion and 9.42 billion US dollars. The company revealed that the number of customers with Annual Recurring Revenue (ARR) exceeding 5,000 US dollars reached 10,338, a year-on-year increase of 11%; and the number of customers with ARR exceeding 100,000 US dollars reached 1,344, a year-on-year increase of 25%. The USD-based net retention rate was 121%. Additionally, the company has signed a three-year strategic partnership agreement with Amazon Web Services (AWS). This agreement will expand the application scope of GitLab Dedicated, a single-tenant product that helps enterprises and public sectors in highly regulated industries meet complex compliance requirements including data residency, isolation, and private networking while leveraging cloud infrastructure. Brian Robins, Chief Financial Officer of GitLab, stated: "Our team achieved strong performance in the second quarter of the 2026 fiscal year, with a 29% increase in revenue and a significant year-on-year improvement in operating profit margin. GitLab's continued growth reflects the transformative value that enterprises derive from our unique platform - our DevSecOps platform is cloud-agnostic, model-neutral, has comprehensive contextual AI capabilities covering the entire process from planning to deployment, and can run in any environment, including air-gapped environments (environments physically isolated from external networks)."
16 m ago
A 6.1 magnitude earthquake occurred near the Aleutian Islands.
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