Hong Kong internet stocks opened high and kept climbing, Alibaba surged over 5%, Tencent, Baidu, and Kuaishou rallied together Market data shows Hong Kong internet stocks opened high and kept climbing. Alibaba surged over 5%, Oriental Selection rose 3.92%, Baidu Group-SW gained 3.78%, Kuaishou-W climbed 3.66%, Tencent Holdings increased 2.69%, Bilibili-W rose 2.37%, and Meituan-W, Alibaba Health, and others followed suit. The Hong Kong internet ETF Huabao (513770), which heavily invests in leading internet stocks, rose 2.37%.