Tencent and Alibaba both rose by more than 4%, and Tencent's repurchase efforts increased

Hong Kong stock technology stocks rebounded strongly, boosting the $Hang Seng Index (800000.HK)$, which rose by more than 3%. Among them, $TENCENT (00700.HK)$ , $MEITUAN-W (03690.HK)$ , $BABA-W (09988.HK)$ and $BIDU-SW (09888.HK)$ all rose by more than 4% in the session.
With the continuous decline of the share price before, Tencent has stepped up its repurchase efforts, which has exceeded HK $600 million for two consecutive days. Since August 19, 2022, Tencent has repurchased for 38 consecutive trading days, with a total cost of HK $13.87 billion.