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14/10/2026 10:56

Meituan surges half a percent, Alibaba rises 4% as Double 11 promotion nears and China's September CPI annual increase widens

  {Economic Information Daily, 14th} Alibaba (09988) is up 3.7%, trading at HK$111.2, with approximately 25.17 million shares traded, involving HK$2.748 billion, reaching a high of HK$111.2 and a low of HK$107; JD.com (09618) rises 1.5% to HK$106.5; Meituan (03690) gains 4.8% to HK$75.75.

  China's National Bureau of Statistics announced that in September 2026, the national consumer price index rose 0.9% year-on-year, an increase of 0.1 percentage points compared to August, marking the highest level since June this year, though slightly below the market expectation of 1%. On average for January to September, the national consumer price index increased by 0.9% compared to the same period last year.
 
  Additionally, China's 'Double 11' promotion is about to begin. Taobao Tmall Overseas (hereinafter referred to as Taobao) announced a collaboration with popular Chinese actor Zhang Linghe, launching the premiere of Taobao's latest brand advertisement video today across major global online platforms. Simultaneously, large-scale creative outdoor advertisements—including massive outdoor video and billboard displays at well-known landmarks in major cities, themed subway train carriages, and glasses-free 3D videos—will be rolled out to intensify promotion of Taobao's six refreshed user experiences under the slogan 'Almighty Taobao' for overseas market users.

  Starting today, the Taobao app will also launch a customized interface themed around Zhang Linghe and introduce a special user campaign where users can unlock exclusive gifts from Zhang Linghe by digging for treasures daily. Zhang Linghe will also make an exclusive live appearance on the Taobao app during 'Double 11', engaging in real-time interaction with fans worldwide.

  Currently, the Hang Seng Index stands at 24,441, up 95 points or 0.4%, with main board turnover nearing HK$63.3 billion. The Hang Seng China Enterprises Index is at 8,212, up 37 points or 0.5%. The Hang Seng Tech Index is at 4,204, up 67 points or 1.6%. (vs)
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