Futu News on October 20, Hong Kong stocks continued the rise in US stocks, and the Hang Seng Index returned above 26000 points. As of press time, it is now up 1.12%, or 290 points, at 26077 points.

BABA opened high and walked high, rising more than 7% now, and rising more than 24% in the month. On the news, Aliyun announced the launch of the fourth-generation Dragon Architecture, a new generation of virtualization technology for Feitian Cloud operating system, which is equipped with the world's only large-scale elastic RDMA acceleration network for the first time, reducing network latency by more than 80%, and bringing cloud computing into a 5-microsecond latency era for the first time.

Kuaishou Technology rose by more than 3%. The head of Kuaishou Technology's skit operation said that as of October this year, the daily active users of Kuaishou Technology's platform had reached 230 million, with the number of creators growing by more than 32%. The total income of the short drama creators has exceeded 1 billion, the average daily income of the authors has more than tripled from last year, and the advertising income of the short play creators has exceeded that of last year as of July.

Tencent rose by more than 1%. According to 3DMGame, a year ago, Tencent hired Halo 4's chief designer Scott Warner to oversee and expand its studio in Timi Los Angeles. A few months ago, Timi announced that it had also set up a new studio in Seattle to develop 3A console games. It is reported that this will be Tencent's first studio in North America.

As of October 19, the top three shareholdings held by Tencent brokers were Hongkong and Shanghai Banking Corporation, JPMorgan Chase & Co and Citibank, respectively, with a stake of 26.64%, 10.51% and 5.63%, respectively, according to Futuo Niuniu APP.

XIAOMI rose by more than 1%. Data show that recently, XIAOMI Automobile Co., Ltd. has undergone industrial and commercial changes, and the major shareholder has changed from XIAOMI Communication Technology Co., Ltd. to XIAOMI Hong Kong Company Xiaomi EV Limited. According to enterprise investigation, XIAOMI Automobile Company was established in September 2021, and its business scope includes vehicle manufacturing of new energy vehicles, technical research and development of vehicle parts and components, etc. XIAOMI is expected to be in mass production in 2024, Lei Jun said.

Other stocks, Bilibili Inc. and Baidu, Inc. rose more than 3%, Meituan and JD.com rose more than 2%.

China Literature rose by more than 3%, JD Health and Ping An Healthcare And Technology by more than 2%, and Zhongan Online and Hua Hong Semiconductor rose slightly.