Hong Kong stocks surge | Alibaba-W (09988.HK) rises by over 3% again, rumor has it that Alibaba will hold a major business conference soon, and Qwen3 Max model will be released in the near future.

According to the CCSEC Financial APP, Alibaba-W (09988.HK) rose more than 3% again, with a cumulative increase of over 20% in the month. As of the time of writing, it rose by 2.4% to HK$140.6, with a turnover of HK$18.12 billion.