Futu News, Oct. 20, the Hang Seng Index remained volatile in the afternoon, up 1.25% or 321 points at 26108 as of press time, while the Hang Seng Technology Index rose 2.79%.

BABA rose by more than 7%. Morgan Stanley published a research report that BABA's technology and infrastructure are still an important force in promoting the digitization of China's economy in business and science, and it is expected that with the support of the partner ecosystem, vertical applications will still be a key area of investment in the future.

The bank also pointed out that BABA has accumulated data processing capabilities over the years and has not focused on open source, cloud native and low code development in the future, and will continue to contribute to the open source community. The realization of core e-commerce accelerates profit growth, and the acceleration of enterprise digitization also leads to cloud revenue growth. It is expected that the marginal expansion trend of business cloud will be stronger, with a "overweight" rating and a US stock target price of US $220,000,000.

Bilibili Inc. rose by more than 5%. CITIC expects Bilibili Inc. Q3 to achieve revenue of 5.187 billion yuan (YoY+60.8%), in line with previous guidelines (51-5.2 billion yuan). Revenue from games, value-added services, advertising, e-commerce and other businesses increased by 15%, 90%, 100% and 80% respectively compared with the same period last year, and said he was optimistic about Bilibili Inc. 's growth momentum and commercial value as a young generation of pan-entertainment content community.

Kuaishou Technology is up more than 4%, up more than 14% for two days in a row, and the latest market capitalization is close to HK $400 billion. In terms of news, the creators of Kuaishou Technology skits in 2021 earned more than 1 billion, and the daily active users of skits reached 230 million.

Meituan rose by more than 3%. Prior to this, it received a net purchase of southward funds for 10 consecutive days.

XIAOMI rose by more than 1%. According to App, recently, industrial and commercial changes have taken place in XIAOMI Credit Management Co., Ltd., Lei Jun has withdrawn from the chairman, and the legal representative has been changed from Hong Feng to Lin Shiwei. XIAOMI Credit Management Co., Ltd. was established in April 2015, with a registered capital of 50 million yuan, including enterprise credit services. The equity penetration chart shows that the company is wholly owned by Beijing XIAOMI Electronic Software Technology Co., Ltd.

Tencent rose by more than 1%. Tencent Tianmei set up Monster Studio in the United States to develop 3A-level FPS.

JD Health rose by more than 7%, Ping An Healthcare And Technology by more than 5%, China Literature by more than 4%, Zhongan Online by more than 1%, and Semiconductor Manufacturing International Corporation went flat.

According to the Futuo Niuniu Hong Kong stock trading hot list today, the top stocks include XIAOMI Group, Kuaishou Technology, Tencent, China Evergrande New Energy Vehicle, Meituan, COSCO Shipping Holdings, BABA, Bilibili Inc. and so on.