SUNEVISION (01686) surged over 8% during trading, and as of press time, the stock was up 7.86% to HK$8.23, with a turnover of HK$89.636 million.

Alibaba recently released its quarterly results for the period ended June 30, 2025. Cloud business revenue reached RMB 33.398 billion, representing year-on-year and quarter-on-quarter growth of 26% and 11% respectively. Single-quarter capital expenditure reached RMB 38.676 billion, surging 220% year-on-year and 57% quarter-on-quarter, with both quarterly cloud revenue and capital expenditure significantly exceeding expectations. Additionally, regarding AI chip policy and supply changes, the company has prepared contingency plans. Regardless of industry variables, the company will proceed with its planned RMB 380 billion capital expenditure investment as scheduled. Huatai Securities expects domestic data center capital expenditure to continue expanding, with the AIDC industry chain set to benefit substantially.

According to public information, SUNEVISION has been deeply rooted in Hong Kong's IDC industry for 25 years and possesses Asia's leading network interconnection services. As of the end of 2024, the company operates eight data centers. Furthermore, the company's clients include leading cloud service providers such as Amazon AWS, Alibaba, and Tencent. Notably, SUNEVISION is scheduled to hold a board meeting on September 2 (tomorrow) to approve, among other matters, the annual results of the company and its subsidiaries for the financial year ended June 30, 2025, and their publication.