E Fund AI ETF (03489.HK) rises 2.26%, Alibaba to spin off T-Head in HK

NewTimeSpace News:As of 15:02 HKT on November 11, 2026, E Fund (HK) FTSE AI Select Index ETF (03489.HK) rose 2.26% intraday, with the latest price at HK$10.870, turnover of HK$1.88m, volume of 174,500 shares and a turnover rate of 0.36%.

The ETF is managed by E Fund Management (Hong Kong) Co., Limited and tracks the FTSE Custom Global AI Select Index (Net Total Return), covering 50 companies focused on AI computing power, large language models and the transformation of software businesses through AI technology, across Hong Kong and US listings. As of 15:02 HKT on November 11, 2026, its assets under management stood at HK$510m, with net asset value per unit of HK$10.608 and a board lot of 100 shares.

Alibaba announced plans to spin off its chip subsidiary T-Head for a separate listing, in a move to step up research and talent investment. 

Tianfeng Securities said in a research note that the AI large-model industry is going through a key shift from "training-driven" to "inference-driven", and that unlike the "computing power first" logic of the training era, the inference era places more balanced and more demanding requirements on storage, computing and power, with the market size of AI chips and high-bandwidth memory set to expand rapidly.