NewTimeSpace News: In early trading on March 17th, the Hang Seng Tech Index opened higher and continued climbing, surging over 2% intraday. New energy vehicle makers delivered standout 2025 earnings, with related individual stocks leading the gainers.

Previously, concerns over the food delivery wars and the phase-out of new energy vehicle subsidies had weighed on market sentiment toward instant retail leaders represented by Alibaba, Meituan, and JD.com, as well as emerging automakers represented by NIO, XPeng, Li Auto, and Leapmotor—dragging down Hang Seng Tech Index performance.

According to Hong Kong Stock Exchange data, the Hang Seng Tech ETF (03032.HK) tracks the Hang Seng Tech Index, primarily investing in representative companies within Hong Kong's technology sector. The index covers 30 Hong Kong tech blue-chips, spanning both hardware and software technologies, with deep exposure across the upstream, midstream, and downstream of the AI industry chain. Among them, Alibaba, Tencent, Xiaomi, Meituan, SMIC, and BYD are positioned to become China's "Magnificent Seven" tech giants.

On the news front, heavyweight constituents Tencent Holdings and Alibaba are scheduled to release their Q4 earnings this Wednesday and Thursday, with market expectations remaining optimistic.

Per industry sources on March 16th, Alibaba plans to launch an enterprise-grade AI agent product as early as this week, developed by the DingTalk team based on the Tongyi Qianwen large language model. The product can automatically execute operations across computers, browsers, and cloud servers, with built-in enterprise data security capabilities. It will subsequently integrate with Taobao, Alipay, Alibaba Cloud, and other ecosystem services, strengthening B-end task execution and office automation—further accelerating the commercialization of AI agents.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.