Alibaba's Hong Kong-listed shares (9988.HK) experienced a significant net inflow of HK$2.1 billion on November 19, 2025, through the Southbound Stock Connect program, which allows mainland Chinese investors to trade Hong Kong equities. This substantial capital influx highlights strong buying interest from mainland China ahead of the company's upcoming earnings report. In the Hong Kong stock market, Alibaba's shares registered a 1.164% gain for the day. Earlier in the session, the stock had opened up by 0.7%, contributing to modest gains in the broader Hang Seng Index. This positive investor activity comes as the market anticipates Alibaba's September quarter financial results, which are scheduled to be announced on November 25, 2025.