Alibaba Concept Stocks Surge: Shiji Information and Shanghai@Hub Hit Limit-Up, Big Data Industry ETF (516700) Jumps 3.2%

Deep News11-24

In afternoon trading on November 24, Alibaba-related concept stocks rallied sharply, with Beijing Shiji Information Technology Co.,Ltd. (002153) and Shanghai@Hub Co.,Ltd. (603881) both hitting the daily 10% limit-up. The Big Data Industry ETF (516700), which focuses on data security, surged over 3.2% intraday and is currently up 2.59%.

The catalyst appears to be the public beta launch of Alibaba’s AI assistant "Qianwen," which surpassed 10 million downloads within a week, outpacing ChatGPT, Sora, and DeepSeek to become the fastest-growing AI application in history.

Among the top gainers, Beijing Shiji Information Technology Co.,Ltd. provides hotel information system solutions and has a deep partnership with Alibaba Cloud, while Shanghai@Hub Co.,Ltd. is a data center service provider closely tied to Alibaba’s cloud business.

CITIC Securities noted that AI investment opportunities are expanding, particularly in computing power infrastructure and AI applications. By 2026, domestic computing power is expected to sustain growth, combining earnings momentum with investment certainty, potentially mirroring the prolonged bull run seen in U.S. stocks since 2023. The firm also highlighted potential breakthroughs in AI models and applications, favoring sectors where AI adoption is accelerating.

**Data Security as a Priority: Tech Self-Sufficiency** The Big Data Industry ETF (516700) tracks the CSI Big Data Industry Index, heavily weighted in data centers, cloud computing, and big data processing. Its top holdings include industry leaders like Sugon, iFLYTEK, Unisplendour, Inspur, Great Wall, and China Software. Investors bullish on tech self-reliance may focus on three key catalysts: 1. Policy support for "technology-led growth," with breakthroughs expected in advanced productivity sectors. 2. China’s digital economy blueprint accelerating domestic substitution and unlocking digital productivity. 3. The rise of China’s IT innovation wave (Xinchuang 2.0), broadening prospects for tech autonomy.

*Risk Disclosure: The Big Data Industry ETF passively tracks the CSI Big Data Industry Index (base date: 2012.12.31; launch date: 2016.10.18). Index constituents are adjusted per its methodology, and past performance does not guarantee future results. Mentioned stocks are for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund is rated R3 (moderate risk) and suitable for balanced (C3) or higher-risk investors. Investment decisions carry inherent risks, and historical returns are not indicative of future performance.*

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment