Hong Kong stocks opened, the Hang Seng Index opened down 0.87%, and the Tech Index opened down 0.95%. Alibaba (09988.HK) fell 6.1% after the results. The company will distribute a dividend of US$4.6 billion and announced that Taobao's profits may be affected by investments such as instant retail. NetEase (09999.HK) rose 10.89%, and its net profit attributable to shareholders in the first quarter increased by 35% year-on-year.

2025-05-16 09:22:55

NetEase Alibaba

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